Gujarat-based solar solutions provider Solex Energy Ltd delivered exceptional fourth-quarter results, with net profit jumping 304% year-on-year to ₹57.9 crore compared with ₹14.3 crore in the corresponding quarter last year. According to reports from CNBC TV18, the company's revenue surged 248% to ₹885.5 crore from ₹254.4 crore in the year-ago period. The strong performance was supported by robust operational metrics, with EBITDA rising 251% to ₹98.3 crore during the quarter, compared with ₹28 crore in the previous year.
The company maintained healthy profitability margins with EBITDA margin at 11.1% for the quarter, slightly higher than 11% recorded in the corresponding quarter last year. As reported by CNBC TV18, this margin performance demonstrates the company's ability to scale operations efficiently while maintaining operational leverage. The significant improvement in both revenue and profitability metrics reflects strong demand for solar solutions and effective execution capabilities.
The board approved several key leadership appointments and reappointments during the quarter. According to CNBC TV18, the board approved the re-appointment of Dr Chetan Shah as Chairman and Managing Director of the company. Additionally, the board approved the re-appointment of Dr Chetan Shah as a director at the ensuing Annual General Meeting (AGM), along with the re-appointment of Kalpeshkumar Patel as a director at the same meeting. The company also approved the re-appointment of Piyush Chandak as Whole-Time Director.
The strong quarterly results were reflected in positive market sentiment, with shares of Solex Energy Ltd ending at ₹1,325.00 on the NSE, representing a gain of ₹74.00 or 5.92% on May 15. As reported by CNBC TV18, this market response demonstrates investor confidence in the company's growth trajectory and operational performance in the solar solutions sector.
