Indian solar manufacturer Insolation Energy Ltd said it has achieved a consolidated provisional sales figure of INR 928.34 crore for the nine months ended Dec. 31, 2024— a 92.4% growth compared to INR 482.5 crore during the same period ended Dec. 31, 2023.
“Given a clear earnings growth trajectory, we are in line with our aspirations of top line for the full year and we believe H2 of 2024-25 will be much better than H1 of 2024-25, both in terms of revenue and profitability. The EPC business, which had close to INR 700 crore of order book, will also start contributing from Q4 of FY 2024-25,” stated Insolation Energy.
Insolation Energy currently has a 1 GW per annum module manufacturing facility in Rajasthan. Its upcoming 3 GW module capacity is scheduled to commence commercial production from April 2025, taking its total module capacity to 4 GW. “We will look forward to increase revenue and profits substantially given our 4GW capacity increase in FY 2025-26,” stated the company.
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