SWELECT Energy Systems Reports Financial Results for FY26; PAT Stands at INR 57.58 Cr
Chennai, May 22, 2026: SWELECT Energy Systems Ltd., formerly known as NUMERIC Power Systems Ltd., announced the approval of its Financial Results (Standalone and Consolidated) for the Quarter (Unaudited) and Year (Audited) ended March 31, 2026. The Board of Directors of the company, a leader in India's renewable energy sector, released the performance highlights covering both the fourth quarter and the full fiscal year.The company’s consolidated results show significant year-over-year growth in profitability, with Profit After Tax (PAT) recorded at INR 57.58 crore for the fiscal year 2025 to 2026.
Performance Snapshot: FY25 vs. FY26
The financial performance can be summarized in the following table:| Particulars | Q4 - FY25 | Q4 - FY26 | FY25 | FY26 |
|---|---|---|---|---|
| Total Income (INR in Cr.) | 232.86 | 209.8 | 668.61 | 693.21 |
| Revenue from Operations (INR in Cr.) | 218.81 | 202.42 | 621.67 | 657.12 |
| EBITDA (INR in Cr.) | 42.67 | 42.87 | 143.79 | 187.46 |
| Profit Before Tax (PBT) (INR in Cr.) | 15.74 | 12.8 | 43.6 | 75.57 |
| Profit After Tax (PAT) (INR in Cr.) | 8.98 | 11.09 | 13.98 | 57.58 |
Quarterly and Annual Highlights
For the fourth quarter ending March 31, 2026, the company reported a Total Income of INR 209.80 cr, compared to INR 232.86 cr in the corresponding quarter of FY25. Similarly, Revenue from operations for the quarter stood at INR 202.42 cr, down from INR 218.81 cr in Q4 of FY25.The Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) for the quarter was INR 42.87 cr, up slightly from INR 42.67 cr reported in January - March 2025. Profit Before Tax (PBT) was recorded at INR 12.80 cr, compared to INR 15.74 cr in Q4 of FY25. Profit After Tax (PAT) for Q4 (2025 - 2026) was INR 11.09 cr, up from INR 8.98 cr in Q4 (2024 - 2025).
Analyzing the full financial year, Total Income reached INR 693.21 cr for the year ended March 31, 2026, compared to INR 668.61 cr in FY25. Revenue from operations for FY26 was INR 657.12 cr, an increase from INR 621.67 cr in FY25.
The company's EBITDA prior to exceptional items stood at INR 187.46 cr for FY26, showing improvement over the INR 143.79 cr recorded in FY25. PBT for FY26 was INR 75.57 cr, significantly higher than the INR 43.6 cr recorded in FY25. The final Profit After Tax (PAT) for 2025 - 2026 was INR 57.58 cr, a substantial jump from INR 13.98 cr in 2024 - 2025.
Management Commentary
Commenting on the performance, Mr. R. Chellappan, Founder & Vice Chairman, SWELECT Energy Systems Ltd., stated that the deepened commitment to responsible energy and the successful launch of the Battery Energy Storage Systems (BESS) portfolio positions the company well for future growth. He emphasized that the focus remains on investigating and investing in manufacturing infrastructure for Solar and BESS to meet India's rising demand for locally made, reliable solar energy.Dr. Arulkumar Shanmugasundaram, CEO & Managing Director, added that the EBITDA expansion to INR 187.46 crore in FY26 reflected a significant improvement in operating performance. He stated that the company is well positioned to achieve its goal of maintaining a 1GW Independent Power Producer (IPP) portfolio within a two-year timeframe.
About SWELECT Energy Systems Ltd.
SWELECT Energy Systems Limited, established in 1984, initially specialized in UPS and Power Protection Systems. Over time, the company has evolved into a major solar power solutions provider with a strong global presence. The business structure is built around three core verticals: the IPP Business (providing energy sales to Commercial & Industrial and Government customers), the Ground Mounted and Rooftop EPC business, and a Channel-driven product business (covering Home and BESS solutions) for Residential and Commercial clientele.The company operates with a vertically integrated manufacturing structure, producing Solar Photovoltaic (PV) Modules, Module mounting structures (MMS), String Combiner Boxes, ACDB, and DCDB, ensuring high-quality, MADE IN SWELECT products aligned with the Atmanirbhar Bharat mission. SWELECT carries the legacy of Numeric, a leading UPS solutions brand in India, which provided deep expertise in power electronics and battery energy systems for over two decades. In 2012, the company transitioned from Numeric to SWELECT, symbolizing its evolution from 'Power to Energy' and establishing its standing in the solar energy sector.
SWELECTES Stock Price Movement
On Friday, Swelect Energy Systems Limited shares slipped by 3.24% to close at ₹628.6. The equity finished the session on a volume of 38,990 shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: