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Insolation Energy Limited Posts 2.7x Jump in Q3 EBITDA; Order Book Stands at 2.1 GW

Insolation Energy Limited (BSE SME: 543620), a leading Indian solar PV module manufacturer, has reported robust unaudited financial results for the third quarter and nine months ended FY26, reflecting strong operational momentum and sustained demand.

For the nine-month period of FY26, the company recorded revenue of Rs 1,352 crore, marking a 44% year-on-year increase. In Q3 alone, revenue rose sharply by 77% YoY to Rs 575.3 crore. EBITDA for Q3 FY26 surged 2.7 times compared to the corresponding period last year, reaching Rs 81.7 crore. For the nine-month period, EBITDA stood at Rs 195.5 crore, with margins maintained at 14%.

Profit After Tax (PAT) for 9M FY26 was reported at Rs 130.8 crore, while Q3 PAT came in at Rs 50.7 crore. The company attributed the strong performance to an improved product mix, tighter cost controls, and operating leverage benefits, even amid pricing volatility in the solar sector.

Operationally, Insolation Energy produced 356 MW and dispatched 364 MW of solar modules during Q3 FY26. The company’s total installed solar module manufacturing capacity has now reached 5.5 GW. Additionally, it maintains a healthy order book of 2.1 GW, providing strong visibility for the coming quarters.

Chairman Manish Gupta stated that the company has already surpassed its full-year FY25 performance within the first nine months of FY26, underscoring its accelerated growth trajectory and strengthening market position in India’s expanding solar manufacturing sector.