Electric Utilities company Insolation Energy announced Q2FY25 results Revenue: Rs 612.69 crore, a substantial increase of 118% YoY basis. EBITDA saw a remarkable growth of 172%, rising to Rs 81 crore from Rs 29.75 crore YoY basis. Net profit after tax experienced an extraordinary increase of 307.53%, soaring to Rs 61.27 crore from Rs 15.03 crore YoY basis. Earnings Per Share (EPS) also surged by from 7.22 to 29.41. Manish Gupta, Chairman,Insolation Energy, told that with this milestone, company had moved one step forward in the Journey of becoming among top 10 players in the solar Energy Eco System. The recent order wins of Approx 775 crore shows the visibility of Growth path and sustained demand environment. Vikas Jain, Managing Director, Insolation Energy, reiterates that the current capex of Phase 1 is in place and Commercial Production of the 3 GW Solar manufacturing plant and 12000 MT of aluminium plant will be started as per scheduled timelines. This state of art facility will showcase the latest accepted technology and will be operational by March 2025, the company will get to 4GW of solar module capacity total. As part of phase 1 of our Capex, we will also start 1.5GW of solar cell manufacturing before March 2026. In phase 2 of expansion, we envision going to 6.5GW+ of operative solar modules and 3GW of solar cell manufacturing capacity in the next 3 years We aspire to cross $1B in revenue with 10%+ PAT margins in the next 3 years. Result PDF