Solarworld Energy Solutions Reports 187 Percent YoY Growth in Revenue in Q3 FY26 to INR 5,878 Mn
Solarworld Energy Solutions reported 187 percent YoY growth in Q3 FY26 income to INR 5,878 million and a 15 percent rise in PAT to INR 592 million, backed by an INR 26,220.9 million order book and strong EPC-led execution.
January 29, 2026. By Mrinmoy Dey
The company’s Revenue from operations stood at INR 7,843 million in 9MFY26, up by 113 percent from INR 3,684 million in 9MFY25, driven by robust performance in the EPC segment. PAT reached INR 714 million in 9MFY26 over INR 676 million reported in 9MFY25. As of December 31, 2025, the company’s total order book value stood at INR 26,220.90 million.
Commenting on the results, Kartik Teltia, Managing Director, Solarworld Energy Solutions, said, “The company delivered an exceptionally strong performance this quarter, marking a clear shift from the subdued trajectory seen earlier in the year. Improved execution efficiency, faster project mobilisation, and stronger operational discipline enabled us to deliver robust growth across key EPC and storage portfolios. Order inflows remained healthy, further supported by the large domestic solar EPC and BESS mandates secured during the previous quarter. With visibility strengthening across our execution pipeline and with most projects progressing ahead of schedule, we remain confident of sustaining this momentum through Q4.”
He further added, “Our strategic backward integration roadmap continues to advance steadily, with meaningful progress across our solar module, cell manufacturing, and BESS production facilities. The adoption of Battery Energy Storage Systems is accelerating, and we see it emerging as a margin-accretive, high-growth vertical for the company. With a strong order book, a well-diversified project pipeline for the next year, and supportive government policies driving sectoral momentum, we are well-positioned to capture upcoming opportunities.”
On the operational front, the Company has started its module manufacturing facility in Roorkee and has received ALMM approval for 1.552 GW of annual solar PV module manufacturing capacity. The company has received an EPC order worth INR 7,253.3 million from NTPC Renewable Energy. Further, it has signed Battery Energy Storage Purchase Agreement (BESPA) for its 200 MW/400 MWh BESS Project order of INR 8,064 million.
The company further disclosed that a 3.4 GW Lithium-ion cell to battery pack has been procured, and the site is ready for installation. Equipment deliveries have been completed, and commissioning is targeted by March 2026. “A 5 GW line is being established through a joint venture. The site is ready for installation, and operations are expected to commence by March 2026,” it said.
Solarworld has also initiated development of its 1.2 GW solar cell manufacturing facility, which is projected to become operational by end of June 2027, marking a key milestone toward vertical integration and value chain expansion, it said.
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