Alpex Solar Limited has announced its annual financial results. The company’s annual net profit surged to Rs 290.5 million in financial year (FY) 2024 (a year-on-year increase of 680 per cent), compared to Rs 37.2 million in FY23. While, the company’s operational revenues increased from Rs 1.82 billion in FY23 to Rs 4.04 billion in FY 2024 (an increase of 121 per cent). Alpex Solar credited its strong financial performance to high demand for solar panels, increased efficiencies and scale, which led to improved margins and a strong order book.
In April 2024, Alpex Solar Limited declared receiving orders from the Jharkhand Renewable Energy Development Agency for the provision, setup, and initiation of 500 solar water pumping systems.
