Operational Excellence Drives EBITDA Margin Growth for Indosolar Despite Revenue Decline in Q1 FY27
Indosolar Limited, a subsidiary of Waaree Energies Limited, has released its standalone unaudited financial results for the quarter ended on June 30, 2026. The company reported operational challenges reflected in revenue decline while maintaining significant growth in EBITDA margins during a period marked by industry policy transition.The company's performance data highlights variances across key metrics when compared to Q1 FY26. Revenue from Operations stood at ₹ 68.36 Crores, representing a -64.89% change from the ₹ 194.68 Crores recorded in Q1 FY26.
Despite the drop in revenue and PAT, EBITDA margin saw considerable improvement due to operational focus.
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Revenue from Operation | 68.36 Crores | 194.68 Crores | -64.89% |
| EBITDA | 48.46 Crores | 63.57 Crores | -23.77% |
| EBITDA Margin | 70.89% | 32.65% | |
| PAT (Profit After Tax) | 36.62 Crores | 116.79 Crores | -68.65% |
| PAT Margin | 47.71% | 59.59% |
Operationally, module production and sales figures were reported as follows:
- Module production stood at 224 MW in Q1 FY27, compared to 244 MW in Q1 FY26.
- Modules sold totaled 218 MW in Q1 FY27, down from 231 MW in Q1 FY26.
Commenting on the results, Mr. Jignesh Rathod, Director and Chief Executive Officer of Indosolar Limited, stated that the company's commitment to operational efficiency and manufacturing excellence successfully drove improved EBITDA margins. He noted that disciplined execution, operational agility, and manufacturing capabilities enabled the company to navigate the evolving environment during the industry policy transition.
Mr. Rathod added that Indosolar’s advanced solar module manufacturing allows it to offer high-efficiency products, thereby strengthening its competitive advantage and improving its ability to meet changing customer and market requirements.
Indosolar Limited is a subsidiary of Waaree Energies Limited, which is described as India's largest solar module manufacturer. The company maintains a facility in Noida with a total module manufacturing capacity of 1.3 GW.
WAAREEINDO Stock Price Movement
Indosolar Limited shares shed 1.21% today, settling at ₹371.20 after closing in the post-market session. The stock saw a trading volume of 41,869 shares during the day's sessions.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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