Ashish Kacholia-Backed Solar Energy Company's Revenue Jumps Over 80 per cent and 3GW Expansion Announced: Here are 2 Big Updates You Must Know
The stock gave multibagger returns of 100 per cent in just 1 year and a whopping 2,000 per cent in 2 years.
Insolation Energy Limited has released its consolidated unaudited provisional performance update for the year ended March 31, 2025, revealing a substantial increase in revenue and ambitious expansion plans.
The company's consolidated unaudited provisional revenue stands at Rs 1,338 crores, marking a growth of over 80.49 per cent compared to Rs. 741.32 crores for the same period in the previous year. The year-over-year surge in dispatches is reported to be 81 per cent.
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Insolation Energy Limited is also focusing on expanding its production capacity. The company's wholly-owned subsidiary, Insolation Green Energy Private Limited, is set to undergo a 3GW capacity expansion. Of this, 2GW is slated to commence commercial production in the first quarter of FY 2025-26, and the remaining 1GW in the second quarter. This expansion will increase the company's total capacity to 4GW, which the management believes will enable them to achieve larger revenues by meeting robust demand.
The company expresses confidence in sustaining its positive trajectory and achieving further success in the coming years, citing the strong execution of strategic initiatives and favorable market dynamics. They anticipate that the Financial Year 2025-26 will be stronger than the Financial Year 2024-25 in terms of both revenue and profitability.
Incorporated in 2015, Insolation Energy Ltd specializes in manufacturing high-efficiency solar panels and modules, operating a 200 MW SPV Module manufacturing unit in Jaipur, which spans over 60,000 sq. ft. and is equipped with advanced machinery. Notably, the company holds the position of the second-largest North Indian manufacturer of solar panels, batteries, and inverters, based in Jaipur, Rajasthan.
On Tuesday, shares of Insolation Energy Ltd slipped 2 per cent to Rs 264.70 per share from its previous closing of Rs 252.15 per share. The stock gave multibagger returns of 100 per cent in just 1 year and a whopping 2,000 per cent in 2 years. Investors should keep an eye on this solar stock.
Disclaimer: The article is for informational purposes only and not investment advice.