Solarium Green Energy FY26 revenue jumps 60% to ₹368 Cr

Key takeaway

Solarium Green Energy Limited reported a sharp step-up in FY26 revenue, attributing the growth to a strategic shift towards large-scale EPC projects. The update was shared through an investor presentation and an earnings conference call transcript submission to the BSE.

FY26 financial snapshot

For the financial year ended March 31, 2026, Solarium Green Energy said revenue from operations rose 60% to ₹368 Cr. For the same period, EBITDA stood at ₹35.3 Cr and profit after tax (PAT) came in at ₹20.5 Cr.

The company positioned the FY26 performance as a result of changing its business mix, with higher contribution from larger EPC opportunities. It also indicated that the numbers were part of its disclosures to stock exchanges.

H2FY26: growth accelerated in the second half

The second half of FY26 showed faster growth compared to earlier periods. Solarium reported H2FY26 revenue of ₹251 Cr, up 70% year-on-year versus ₹148 Cr in H2FY25.

On profitability for the same half-year period, H2FY26 EBITDA rose 27% to ₹19 Cr, while PAT remained flat at ₹11 Cr. The combination of higher revenue and steady PAT suggests costs and operating structure played a meaningful role in translating growth into net profit during the period.

Strategy shift: more focus on large-scale EPC

Management linked the FY26 revenue jump to a strategic shift towards large-scale EPC projects. While the company did not provide a full project-level split in the provided text, the stated driver indicates a change from smaller-ticket installations to larger project execution.

This pivot matters for solar companies because EPC projects typically bring different working capital cycles, execution risk, and margin profile compared with retail-heavy rooftop installations. The disclosures frame the shift as a deliberate move to scale up revenue.

H1FY26 context and segment mix disclosures

Earlier, the company had highlighted momentum in H1FY26 as well. In its H1 FY26 investor presentation, Solarium reported revenue from operations of ₹117 Cr, with EBITDA at ₹16 Cr and PAT at ₹9 Cr, described as year-on-year increases.

The company also disclosed that residential and government projects contributed 32% and 36% of H1 revenue, respectively. In the earnings call commentary shared in the text, management noted that revenue growth in H1 was moderated by prolonged monsoon conditions and demand-supply postponement linked to the rollout of GST 2.0 in September 2025.

Policy and operating environment mentioned in the call

In the same call excerpts, the company referred to government initiatives and rising residential adoption supporting the sector. It also cited the reduction in GST rate on modules and inverters from 12.5% to 5%, which it said effectively reduces composite GST rates by about 5% and could support solar adoption in subsequent quarters.

These references provide context to the operating environment Solarium was navigating while scaling project execution.

Disclosures to BSE: filing dates and availability

Solarium said the FY26 figures were disclosed via an investor presentation and earnings conference call transcript submitted to the BSE on June 2, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015.

The text also notes that the recording was not yet available, and that the transcript was not yet available in the referenced section. Separately, it lists an Outcome of Board Meeting event dated June 1, 2026, in relation to a board meeting held on May 29, 2026.

Market snapshot: price, market cap, and valuation ratios

As per the data provided, SOLARIUM share price on May 29, 2026 was ₹186.60. The company’s market capitalisation was ₹389.43 Cr as of the same date.

Valuation ratios shared in the text show a P/E of 19.03 and P/B of 2.75.

FY25 baseline and order book reference

For comparison, the text states that Solarium achieved FY25 revenue of ₹230.08 Cr, driven by a strategic focus on the residential rooftop segment and large-scale solar initiatives. It also references a strong order book of ₹243 Cr, while noting challenges such as rising employee costs and supply chain issues related to domestically manufactured DCR panels.

Capital allocation: IPO proceeds and capex update

The disclosures cited include an IPO proceeds update: Solarium raised ₹105.04 Cr in February 2025. By September 30, 2025, it had utilised ₹49.14 Cr, with ₹55.90 Cr unutilised, largely parked in fixed deposits.

On investment spending, the text states that capex increased to ₹4.13 Cr in H1 FY26 from ₹1.25 Cr in FY25.

Key figures table

Why the FY26 update matters

The combination of a higher full-year revenue base and a significantly stronger second half provides a clear data point for investors tracking execution and scale-up in solar EPC. The company’s commentary ties the growth to a change in project mix, while the H2 profitability numbers show that net profit did not rise in line with revenue for that half.

Any further clarity on margin drivers would likely depend on the detailed transcript and management commentary once the referenced materials become available.

Conclusion

Solarium Green Energy’s FY26 results show ₹368 Cr revenue, ₹35.3 Cr EBITDA, and ₹20.5 Cr PAT, with H2FY26 delivering ₹251 Cr revenue growth. The next set of investor materials and the availability of the earnings call transcript and recording will be key for additional detail on the EPC-led shift.