(₹ in Crores)

Particular	Q4 FY26	Q4 FY25	YoY	FY26	FY25	YoY
			Change			Change
Revenue from Operation	83.10	192.00	-56.72%	679.85	323.91	109.89%
EBITDA	64.33	50.18	28.20%	270.75	95.04	184.88%
EBITDA Margin	77.41%	26.14%		39.82%	29.34%
PAT	42.00	40.04	4.90%	246.60	54.78	350.16%
PAT Margin	49.86%	20.79%		36.19%	16.87%

Key Performance Highlight FY26

• Revenue from operations stood at Rs. 679.85 crores representing a growth of 109.89% YoY as compared to Rs.

323.91 crores in FY25 and Module production stood at 1,051 MW in FY26 as against 589 MW in FY25

• EBITDA stood at Rs. 270.75 crores as compared to Rs. 95.04 crores in FY25 representing a growth of 184.88% YoY
• PAT stood at Rs. 246.60 crores as compared to Rs. 54.78 crores in FY25 representing a growth of 350.16% YoY

Q4 FY26

• Revenue from operations stood at Rs. 83.10 crores compared to Rs. 192.00 crores in Q4FY25, on account of substantial revenue from tolling contract against direct distribution and trading revenue during Q4FY25
• EBITDA stood at Rs. 64.33 crores as compared to Rs. 50.18 crores in Q4FY25 representing a growth of 28.20% YoY
• PAT stood at Rs. 42.00 crores as compared to Rs. 40.04 crores in Q4FY25 representing a growth of 4.90% YoY

Other Highlights

• Board has approved:
  • Appointment of Mr. Nilesh Bhogilal Gandhi as additional Director (Non-Executive, Independent Director)
  • Appointment of Mr. Abhishek Pareek as Chief Financial Officer and Key Managerial Officer

Commenting on the results Mr. Jignesh Rathod, Director and Chief Executive Officer said:

FY26 has been a significant year for Indosolar Limited. We close the year with Revenue from Operations of ₹679.85 crore, EBITDA of ₹270.75 crore, and PAT of ₹246.60 crore, alongside 1,051 MW of module production — a performance we believe reflects the remarkable progress of our business turnaround.

We have undertaken meaningful improvements in cost efficiency, manufacturing, and operations, which have contributed to improved margin outcomes. We have also invested in upgrading our technology capabilities, including the introduction of G12 solar module manufacturing, enabling us to offer higher-efficiency products aligned with current market demand.