Solex Energy Limited reported significant financial growth for the first half of FY 2024-25. The company’s total income reached Rs 2.731 billion, marking a 194 per cent increase compared to Rs 930 million in H1 FY24. EBITDA for the period was Rs 253.7 million, a 168 per cent rise from Rs 94.8 million in the previous year. Profit Before Tax (PBT) surged to Rs 172.3 million, a 1,194 per cent increase from Rs 13.3 million, while Profit After Tax (PAT) rose to Rs 130.8 million, a 1,698 per cent increase from Rs 7.3 million in H1 FY24. Earnings Per Share (EPS) grew to Rs 15.63, reflecting a 1,618 per cent increase from Rs 0.91. The company’s net worth expanded by 244 per cent, reaching Rs 1.317 billion from Rs 382.3 million, and Return on Equity (ROE) improved to 29.41 per cent (annualized), up from 3.84 per cent in the previous year.
In October 2024, Solex Energy Limited announced an investment of approximately $1 billion under its Vision 2030 strategy to scale up its operations and advance solar technology. The company operates a 700 MW manufacturing facility in Tadkeshwar, Gujarat, with an additional 800 MW under installation, and exports to several countries and serves as an Original Equipment Manufacturer (OEM) for globally recognised brands.
