SWELECT Reports 51.7 Percent Jump in Revenue in Q3 FY26, Aims 2 GW Module, 1 GW IPP, EPC Capacities
SWELECT Energy Systems reported a 51.7 percent YoY jump in Q3 FY26 revenue to INR 138.63 crore with PBT up 367 percent and PAT turning positive. The company aims to achieve 2 GW of module manufacturing capacity by Q1 FY26-27 and 1 GW of IPP assets and 1 GW of EPC orders within a two-year timeframe.
February 17, 2026. By Mrinmoy Dey
In 9M FY26, the company’s revenue from operations has grown by 12.9 percent YoY to INR 454.71 crore from INR 402.86 crore in 9M FY25. Its PBT has increased by 125.3 percent to INR 62.77 crore. PAT has soared by 830 percent to INR 46.50 crore from INR 5 crore posted in 9M FY25.
Commenting on the company's performance, R. Chellappan, Founder and Vice Chairman, SWELECT Energy Systems, said, “Our results are in line with our expectations. We remain in continual pursuit of our announced goals of achieving 2 GW of manufacturing capacity, 1 GW of IPP assets and 1 GW of EPC orders within a two-year timeframe. We have a strong balance sheet with financial assets greater than INR 500 crore and operational IPP assets of 150 MW and the financial strength to achieve these goals. We continue to focus on solutions combining Solar plus BESS, leveraging our battery knowledge and experience for more than two decades as a leading UPS manufacturer in India.”
Dr. Arulkumar Shanmugasundaram, CEO and Managing Director, SWELECT Energy Systems, added, “Our project development pipeline is strong with more than 250 MW in Tamil Nadu at various stages of land acquisition and connectivity. We are in the process of broadening our focus on energy sales to C&l customers to states beyond TN to achieve our stated goals of 1 GW of IPP assets. We launched our NUMERGY brand of products in the current quarter (Q4 FY25-26) and expect good traction for it in the next 3-6 months as our distribution network expands across India. We expect our module manufacturing capacity to reach 2 GW in Q1 FY26-27 and have firm tie-ups to get DCR cells for that facility to serve the Indian market.”
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