Alpex Solar’s Strong Q3 Growth In FY25

Solar manufacturer Alpex Solar, which listed on the NSE SME board around a year back, has delivered another strong quarter of results, rewarding investors that bet on the then small firm.

In its reported earnings for the third quarter and nine months ended December 31, 2024. The company reported sales was Rs 187crore compared to Rs 79 crore a year ago. Revenue was Rs 188 crores compared to Rs 79 crore a year ago. Net income was over Rs 23 crores compared to Rs 4.5 crore a year ago.
For the nine months of Fy25, sales was Rs  452 crores compared to Rs  283 crores a year ago. Net income was Rs 48 crores compared to Rs 14.4 crores  a year ago. Basic earnings per share from continuing operations was INR 19.92 compared to INR 7.88 a year ago. Diluted earnings per share from continuing operations was INR 19.92 compared to INR 7.88 a year ago.

For the Greater Noida based firm, the numbers after its Rs 75 crore IPO ar a strong vindication of its experience and bet on solar manufacturing, in this case, modules. The firm has already announced plans to enter into cell manufacturing like many others, and will probably seek a promotion to the NSE main board as well if the present revenue momentum continues.

Most solar firms that opted for a listing on the SME boards have delivered strong numbers, good enough to warrant a move upto the main boards.