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INA Solar Records Revenue of INR 1,338 Cr in FY 2024-25, Achieves 80 Percent YoY Growth

Insolation Energy (INA Solar) has reported a provisional revenue of INR 1,338 crore for FY 2024-25, marking an 80.49 percent year-on-year growth. The company is also adding 3 GW of capacities in FY 2025-26. Out of this, 2 GW is scheduled to commence commercial operation in the first quarter and the remaining 1 GW in the second quarter.

April 09, 2025. By Mrinmoy Dey

Insolation Energy (INA Solar) has announced that the company has achieved a consolidated unaudited provisional revenue of INR 1,338 crore. This marks about an 80.49 percent increase compared to INR 741.32 crores in FY 2023-24.

“This represents a growth of more than 80.49 percent, reflecting the strong execution of our strategic initiatives and the positive market dynamics. Additionally, the YOY steep surge in dispatches is 81 percent,” stated the company in a regulatory filing.

It further added that 2 GW out of 3 GW capacity expansion of its wholly-owned subsidiary Insolation Green Energy is scheduled to commence commercial production in the first quarter of FY 2025-26. The remaining 1 GW is scheduled to commence commercial production in the second quarter of FY 2025-26.

“This will increase our total capacity to 4 GW, which will enable us to achieve larger revenues by capturing the robust demand. We will look forward to increasing revenue and profits substantially, given our 4 GW capacity increase in Financial Year 2025-26,” mentioned the company in the filing.

It further added, “We deeply value the trust and investment of all stakeholders in our journey, and together, we look forward to setting new benchmarks for growth and innovation in the Financial Year 2025-26.”

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