Solex Energy Limited, a leading manufacturer of Solar Photovoltaic (PV) modules and provider of EPC services, has announced a strong operational performance for the fourth quarter and full financial year ended March 31, 2026.
According to the company’s latest revenue update, revenue from operations surged by 248.1% year-on-year to ₹8,855.3 million in Q4FY26, compared to ₹2,544 million during the same quarter last year. For the full financial year FY26, the company reported revenue from operations of ₹16,180.6 million, registering a growth of 144.3% over FY25 revenue of ₹6,622.2 million. The performance enabled the company to surpass the ₹1,600 crore revenue milestone during the fiscal year.
Commenting on the company’s performance, Dr Chetan Shah stated that the strong growth was driven by improved capacity utilisation and disciplined execution of key projects amid rising demand for high-efficiency N-Type solar modules. He further highlighted that Solex successfully executed over 200 EPC projects across sectors, including solar parks, industrial ecosystems, textiles, and infrastructure during FY26.
The company also revealed that its order book currently exceeds ₹4,000 crore, including EPC orders, providing strong revenue visibility for the next 15–18 months. Solex emphasised that its ongoing capacity expansion under the Ministry of New and Renewable Energy’s ALMM framework reflects its commitment to strengthening India’s domestic solar manufacturing ecosystem.
Headquartered in Surat, Gujarat, Solex Energy operates a fully automated Industry 4.0-enabled manufacturing facility at Tadkeshwar with a photovoltaic module production capacity of 4 GW. The company has been part of India’s solar manufacturing sector since 1995 and continues to expand its footprint in utility-scale, commercial, industrial, and institutional renewable energy projects.
