Conference Call with Insolation Energy Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
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
Electric Utilities company Insolation Energy announced FY24 results: The Company’s ROCE Stood at 59.97% for FY24 The Company reported operating cash flow of Rs 61 crore for FY24. FY24 revenue stood at Rs 741.3 crore up by 164.7% YoY. FY24 EBITDA stood at Rs 84.16 crore. Commenting on the performance, Manish Gupta, Chairman and Vikas Jain, Managing Director of Insolation Energy said, “We are delighted to announce these outstanding results. Our continued focus on leveraging advanced technologies to enhance our product offerings and increase market penetration has been pivotal to our success. Our goal is to continue contributing to the global transition towards renewable energy while delivering significant value. The positive trends in EBITDA and PAT margins highlight our ability to manage costs effectively and optimize operations, reinforcing our position as a leader in the solar energy industry. Looking ahead, we have set ambitious targets, aiming to double our consolidated revenue by FY 2025. To support this expansion, we plan to scale up our solar panel manufacturing capacity to 3,000 MW and aluminium frame manufacturing to 6000 MTPA by FY 2025-26. These initiatives not only underscore our commitment to growth but also exemplify our steadfast dedication to advancing sustainable energy solutions on a broader scale, ensuring a brighter and greener future for all.” Result PDF