Insolation Energy Reports 307% Surge In Profits In H1

Insolation Energy Reports 307% Surge In Profits In H1

Indian solar module manufacturers Insolation Energy (INA Solar) has published its latest financial results for the first half of FY25. The latest report revealed that the firm reported an increase in its total revenue and net profits in H1FY25, compared to H1 of FY24.

The financial results said that the company led by Manish Gupta reported a total revenue of Rs 61,269.61 lakh in H1FY25. This is against the last half yearly (H2FY24) revenue of Rs 46,125.56 lakh. Meanwhile, the company earned a total revenue of Rs 28,006.61 lakh in H1FY24. Thus on a Year-on-Year (YoY), the company’s half yearly income increased by 118%.

In terms of net profit, the company reported a net profit of Rs 6,127.43 lakh in H1FY25 against its net profit of Rs 4,043.71 lakh in H2FY24 and Rs 1,503.54 lakh in H1FY24. Thus on an yearly basis, the company’s net profit surged by 307%.

The company’s EBITDA saw a growth of 172%, rising to Rs. 81 Crores from Rs. 29.75 Crores YOY basis. Manish Gupta, Chairman of Insolation Energy said that with this milestone, company had moved one step forward in the Journey of becoming among top 10 players in the solar Energy Eco System.

“The recent order wins of Approx 775 Crores shows the visibility of Growth path and sustained demand environment,” he said.

Vikas Jain, MD of the firm reiterated that the current capex of Phase 1 is in place and Commercial Production of the 3 GW Solar manufacturing plant and 12000 MT of aluminium plant will be started as per scheduled timelines. This facility will showcase the latest accepted technology and will be operational by March 2025, the company will get to 4GW of solar module capacity total.

“As part of phase 1 of our Capex, we will also start 1.5GW of solar cell manufacturing before March 2026. In phase 2 of expansion, we envision going to 6.5GW+ of operative solar modules and 3GW of solar cell manufacturing capacity in the next 3 years. We aspire to cross $1B in revenue with 10%+ PAT margins in the next 3 years,” he said.