Solarium Green Energy Ltd (544354) — concall transcript | 31 March 2026

{ \"keyEvent\": \"Solarium Green Energy outlines strategic shift to ground-mounted EPC projects and residential solar kits under PM Surya Ghar Yojana\", \"whatChanged\": null, \"forwardGuidance\": \"Margins to stabilize at 10-12% in FY27 (up from FY26's 8-9%)\", \"investorTakeaway\": \"Shareholders should note the company is expanding into larger EPC projects while Solarium Green Energy reported FY26 revenue of ₹368 crores (up 60% YoY) and EBITDA of ₹35.3 crores, management emphasized strategic progress in integrated manufacturing, including commissioning a 1.2 GW automated solar module plant in Ahmedabad, growth in revenue and EBITDA, and progress in residential solar kits and PM Surya Ghar Scheme participation, with risks around ALMM-II compliance and project concentration addressed. { "summary": "Solarium Green Energy reported FY26 revenue of ₹368 crores (up 60% YoY) and EBITDA of ₹35.3 crores, with management highlighting strategic progress in integrated manufacturing, including commissioning a 1.2 GW automated solar module plant in Ahmedabad, growth in revenue and EBITDA, and progress in residential solar kits and PM Surya Ghar Scheme participation, with risks around ALMM-II compliance and project concentration addressed.", \"extractedFields\": { \"keyEvent\": \"Solarium Green Energy outlines strategic shift to ground-mounted EPC projects and residential solar kits under PM Surya Ghar Yojana\", \"whatChanged\": \"Revenue grew 60% YoY to ₹368 crores; EBITDA rose to ₹35.3 crores; working capital increased to ₹152.6 crores due to CAPEX; finance costs rose to ₹10.5 crores from ₹3.5 crores\", \"forwardGuidance\": \"Margins to stabilize at 10-12% in FY27 (up from FY26's 8-9%)\", \"investorTakeaway\": \"The company is prioritizing captive consumption (targeting 50-60%) and reducing project concentration risk through larger ground-mounted EPC contracts and residential kit sales, which are driving revenue growth and improving cash flow visibility\", \"followUpQuestions\": [ \"How will captive consumption targets impact gross margins?\", \"What is the expected timeline for converting the 300MW pipeline to signed contracts?\", \"How will rising finance costs affect profitability as CAPEX scales?\" ] } } }, \"sentiment\": \"neutral\" }