Solex Energy’s PAT Soars 390% to ₹42.79 Crore in FY 2024-25, Reflecting Robust Growth – EQ
Consolidated Revenue Jumps 81% to ₹ 665.82 Crore as Strong Momentum Fuels Vision to Become India’s Trusted Solar Brand
Surat, Gujarat – Solex Energy Limited (NSE: SOLEX), one of India’s most trusted solar brands, has announced its audited financial results for the fiscal year ended March 31, 2025. The company delivered a robust performance, with consolidated revenues reaching ₹ 665.82 crore, a significant 81% year-on-year growth compared to ₹ 368.02 crore in FY 2023-24.
Solex Energy also reported a remarkable 390% increase in Profit After Tax (PAT), soaring to ₹ 42.79 crore from ₹ 8.73 crore in the previous year. The company’s earnings per share (EPS) rose to ₹ 43.82, reflecting a 301% growth year-on-year.
Key Consolidated Financial Highlights (FY 2024-25):
- Total Income: ₹ 665.82 crore (81% growth YoY)
- Profit After Tax (PAT): ₹ 42.79 crore (390% growth YoY)
- Earnings Per Share (EPS): ₹ 43.82 (301% growth YoY)
- Net Worth: ₹ 160.63 crore (247.39% growth YoY)
- EBIDTA: ₹ 73.12 Crore (157% growth YoY)
The stellar growth was driven by increased demand for solar modules, strategic execution of large-scale EPC projects, and geographical expansion in Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan.
Chetan Shah, Chairman & Managing Director, Solex Energy Limited, said, “Our FY 2024-25 performance is a clear reflection of Solex Energy’s unwavering commitment to excellence, customer trust, and operational agility. As India accelerates its renewable energy ambitions, we are steadfast in our vision 2030, to become the country’s most trusted solar energy partner, driving sustainable solutions that empower industries, communities, and future generations.”
With a strong balance sheet, expanding project pipeline, and strategic focus, Solex Energy is well-positioned to capitalize on India’s energy transition towards a net-zero future.
About Solex Energy Limited:
Headquartered in Surat, Solex Energy has been a pioneer in sustainable energy since 1995. As the first Indian solar brand listed on NSE Emerge (stock code: SOLEX), Solex is renowned for producing high-end photovoltaic modules at competitive prices and offering comprehensive EPC services.
Our global factory in Tadkeshwar, Gujarat, has a 1.5 GW production capacity for PV modules. Solex holds key certifications for domestic and international markets and exports to several countries.
Built upon our core values of consistency, quality, and commitment, we transcend being merely a solar company to become your trusted partner in fulfilling your PV module and EPC requirements.
