Mumbai: For the quarter ended December 31, 2025, the company’s consolidated revenue plunged to Rupees 578.2 crore from Rupees 2,038.0 crore a year earlier and Rupees 1,378.8 crore in Q2. Total income stood at Rupees 578.5 crore, while expenses reduced in line to Rupees 520.9 crore from Rupees 1,279.1 crore in the previous quarter. Despite operational cost reductions, net profit fell from Rupees 76.1 crore in Q3 FY25 and Rupees 71.4 crore in Q2 FY26, reflecting margin pressure amid under-utilisation of resources.
Sequential Downturn Reflects EPC Headwinds
The company’s profit before tax (PBT) declined to Rupees 66.2 crore in Q3 from Rupees 126.5 crore in Q2, a 47.7 percent fall. The revenue slowdown was primarily driven by delays in project execution. EPS dropped to Rupees 5.8 in Q3 from Rupees 12.4 in Q2, though it remained relatively flat compared to Rupees 5.9 in Q3 FY25. Manufacturing revenue remained marginal in the overall mix, offering limited cushioning against the EPC drag.
Nine-Month Snapshot Shows Broad Slowdown
For the nine-month period ending December 2025, Solarworld reported Rupees 71.0 crore net profit on Rupees 784.3 crore revenue, both significantly lower than the previous year. The IPO concluded in September 2025 raised Rupees 440 crore (fresh issue), with Rupees 99.9 crore utilised so far. With execution stalled across key projects, cumulative performance signals a need for operational recovery to sustain margins going forward.
Disclaimer: This report is based on publicly disclosed financial results of Solar World. It is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell.
