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Solex Energy Ltd consolidated sales down 70.55% on year in Q2FY2026, net profit tanked by 85.97%

(17-Aug-26   17:53)

Solex Energy Ltd share price softened by 0.28% to Rs 882.4 after the company's net profit witnessed a sharp fall of 85.97% to Rs 8.26 crore, while revenue from operations nosedived 70.55% to Rs 260.82 crore in Q2FY26 over Q1FY26. The market capitalization of Other Electrical Equipment industry group stocks on BSE stood at Rs 3.16 lakh crore, slipping 7.23%. It has improved by 0.16% over last one week and moving up by 11.90% in last one month while the market capitalization of Solex Energy Ltd has remained flat Profit before tax (PBT) of Solex Energy Ltd stood at Rs 11.12 crore in Q2 FY26, crashing by 66.32% year-on-year, and tumbling by 85.78% quarter-on-quarter. EBITDA came in at Rs 24 crore, tanking 39.29% YoY and nosediving by 75.35% sequentially. Total expenses slumped by 69.65% to Rs 242.03 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 293.15 crore, plunging by 56.01% YoY, while employee benefits expense was at Rs 15.06 crore, inching up 4.51% YoY. For the TTM ended FY26, revenue from operations surged 80.97% to Rs 662.22 crore, while net profit soared by 383.73% to Rs 42.23 crore, compared to previous TTM. EBITDA surged by 2731% to Rs 74.46 crore, and PBT jumped 387.18% to Rs 56.22 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 40.46 crore in FY26, as against Rs 1.71 crore in FY25.