Solarium Clocks INR 117 Crore H1 FY26 Revenue, Plans 1,000 MW Solar Module Plant Launch

Solarium Green Energy Ltd. reported robust financial results for H1 FY26, with revenue from operations at INR 117 crore, a 43 percent year-over-year increase, EBITDA rising 36 percent to INR 16 crore, and PAT growing 22 percent to INR 9 crore. This was revealed in its investor presentation for H1 FY26.

The company further reported a three-year CAGR of 11 percent in revenue, 79 percent in EBITDA, and 112 percent in PAT, reflecting consistent momentum in its business.

The presentation highlighted robust growth across its solar turnkey solutions and expansion into manufacturing. For FY25, the company posted revenue of INR 230 crore, EBITDA of INR 26 crore, and PAT of INR 19 crore. The residential rooftop and government segments contributed 32 percent and 36 percent of H1 FY26 revenue, respectively.

The firm also disclosed plans to invest INR 70 crore to establish a 1,000 MW advanced solar module manufacturing plant in Ahmedabad, featuring TOPCon, half-cut, and bifacial technologies. Scheduled for operation by mid-January 2026, the plant is expected to generate potential annual revenue exceeding INR 1,000 crore at 85 percent utilisation, strengthen EPC bidding capability, and support in-house supply for residential projects.

The company currently has an executed and ongoing project presence across 15 states and union territories, with a team of approximately 400 professionals. Key project verticals include residential rooftops (109+ MW), ground-mounted systems (40+ MW), solar-wind hybrid projects (300+ KW), carports (881+ KW), solar trees (141+ KW), and energy storage systems (300+ KW).

The company’s H1 FY26 unexecuted order book stands at INR 229 crore, with L1 orders pending at INR 209 crore. New order inflows for the half-year include INR 105 crore from government projects and INR 35 crore from Kirloskar Solar Tech. Solarium’s tender pipeline exceeds INR 900 crore, indicating strong visibility for future growth.

Key strategic milestones in H1 FY26 include technology transfer agreements from DRDO and ARDE for solar thermal systems in cold regions, collaboration with NISE under MNRE to advance solar heating technologies, and a regional partnership with WattPower Systems to expand inverter and related services in Maharashtra and Madhya Pradesh.

Chairman and MD Ankit Garg highlighted Solarium’s focus on residential and government segments as primary revenue drivers. The company expanded its residential footprint to 25 additional cities, adding approximately 450 partners under the Solarium Saarthi franchise initiative. The implementation of GST 2.0, reducing GST on modules and inverters from 12 percent to 5 percent, is expected to accelerate solar adoption.

H2 FY26 priorities include commissioning the module manufacturing plant and maintaining growth momentum in the EPC segment, pointed out the firm in  its presentation.

The firm further noted that residential rooftop solar adoption is a major driver of India’s clean energy transition. With the government targeting 10 million homes for solarisation under initiatives like PM Surya Ghar, the sector is poised for rapid expansion. India’s renewable energy capacity now exceeds 238 GW, with solar accounting for nearly 47 percent of installed renewable capacity. The global renewable energy market is projected to reach USD 7.28 trillion by 2034, with Asia-Pacific leading the expansion.

With strong order inflows, a significant tender pipeline, and backward integration through manufacturing and structure facilities, Solarium is positioning itself as an integrated solar solutions provider, contributing to India’s sustainable energy growth and supporting the country’s renewable energy targets.