Last Updated on November 21, 2025 by Author
Insolation Energy Limited, India’s solar manufacturer of high-efficiency solar PV modules, announced financial results for the half year ended September 30, 2025.
Commenting on the performance, Mr Manish Gupta, Chairman of Insolation Energy, said, “I am pleased to report that we delivered a strong performance in H1 FY26. This performance highlights the strengths of our business model and focused execution approach. Despite industry-wide challenges arising from an extended monsoon period, we continued to deliver robust growth supported by strong demand across all our customer segments.
The already commissioned new 3 GW solar module plant and the upcoming commissioning of 1.5 GW by Q3FY26 end will position us strongly for the second half of the year, allowing us to fully serve our customer needs. Talking about our long-term strategy, we have already started construction work on our 4.5 GW solar cell manufacturing plant and 18,000 MTPA aluminium frame manufacturing and expect to commercialise it by H2FY27. This marks a significant milestone in deepening vertical integration and reinforcing India’s domestic value chain in line with national renewable-energy priorities.
With a differentiated business model of vertical integration, a focused leadership team, and a clear roadmap for scale, Insolation remains committed to its mission to deliver reliable, affordable solar solutions and accelerate India’s transition to a sustainable energy future.”
In addition, Mr Vikas Jain, Managing Director of Insolation Energy said, “Our consolidated revenues rose 25.6% to Rs. 776.7 crore, driven by healthy growth underpinning greater acceptance of our solar module products. We saw benefits of scale accruing to our EBITDA, resulting in a margin increase of 60 bps to 14.7%.
We commenced commercial production at our INA 3 plant, which is amongst India’s most advanced, fully automated TOPCon N-type module manufacturing plants. This plant follows stringent testing norms and low defect rate acceptability, resulting in high-quality output. We have already commenced production on two lines amounting to 3 GW and expect to start Line 3 production for an additional 1.5 GW by Q3FY26 end. We continue to see increased acceptance of our products, resulting in greater scale. We expect to see this traction in all our segments to continue, making us confident that we will deliver greater shareholder returns in the medium to long term.”
