Solarworld Energy Solutions Limited (SOLARWORLD) — Financial Results

📢 Key Event
Solarworld Energy Solutions reported Q4 FY26 revenue of INR591 crores, up 235% YoY, with FY26 revenue at INR1,416 crores and 8.5% PAT margin.

🔄 What Changed
235% YoY revenue growth in Q4, 13.3% EBITDA margin for FY26, INR28 billion order book with INR5 billion new BESS EPC orders, and FY27 revenue guidance of INR1,900-2,000 crores.

🔮 What's Next
FY27 revenue target of INR1,900-2,000 crores contingent on raw material price stability, EPC margins of 9-11%, and 70-75% order book realization.

💡 Investor Takeaway
The company is aggressively expanding into BESS and backward integration to capture higher-margin opportunities, with strong order book execution expected to drive revenue growth and margin improvement if commodity pressures ease.

Solarworld Energy Solutions reported Q4 FY26 revenue of INR591 crores, up 235% YoY, with FY26 revenue reaching INR1,416 crores and an 8.5% PAT margin. The company highlighted a robust INR28 billion order book, including INR5 billion in new BESS EPC orders for 514 MWh at NTPC sites and a 260 MW solar project win. Management projects FY27 revenue of INR1,900-2,000 crores, targeting 70-75% order book realization, with EPC margins expected at 9-11% and BESS contributing significantly. Backward integration in module manufacturing aims to mitigate DCR-related cost pressures amid rising commodity prices and rupee depreciation.

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