Solar stock in focus after its net profit increases by 310% YoY in Q3FY26

Synopsis: The stock moved up 5% after Q3FY26 results, supported by strong operating performance. EBITDA rose 192% year-on-year to ₹71 crore, margins expanded to 35.6%, and a new CEO appointment signaled leadership transition amid a 1.3 GW manufacturing capacity.

The shares of the solar manufacturer recovered up to 5 percent in today’s trading session from day’s low following the company’s results with net profit and revenue increasing  by 310 percent and 94 percent, respectively, in Q3FY26.

With a market capitalization of Rs 1,886.73 crore, the shares of Indosolar Ltd were trading at Rs 453.50 per share, decreasing around 2.41 percent as compared to the previous closing price of Rs 464.70 apiece.

Q3FY26 Highlights

The shares of Indosolar have seen significant movement after announcing its financial performance in Q3FY26, in which revenue increased by 94 percent on a year-on-year basis from Rs 103 crore in Q3FY25 to Rs 200 crore in Q3FY26. However, on a Quarter-on-Quarter basis, revenue decreased by 1.4 percent from Rs 203 crore in Q2FY26 to Rs 200 crore in Q3FY26.

Moreover, net profit increased by 310 percent on a yearly basis from Rs 10 crore in Q3FY25 to Rs 41 crore in Q3FY26, meanwhile, on a quarter-on-quarter basis, net profit decreased by 11 percent from Rs 46 crore in Q2FY26 to Rs 41 crore in Q3FY26.

Indosolar Limited delivered a strong operating performance in Q3 FY26, with EBITDA rising sharply to  Rs 71.17 crore, reflecting a 192% year-on-year growth. Improved cost efficiency led to EBITDA margins expanding to 35.64% from 23.44%. The momentum continued over nine months, with margins sustaining above 34%, highlighting operating leverage and execution strength.

Further, Indosolar Limited announced a leadership change with the resignation of Amit Ashok Pahinkar as Non-Executive Director and Chief Executive Officer. The board approved the appointment of Jignesh Devchandbhai Rathod as Additional Non-Executive Director and Chief Executive Officer, subject to shareholder approval, marking a key management transition for the company.

Indosolar Limited, a Waaree Group company, is strengthening India’s clean energy ecosystem with a world-class 1.3 GW solar manufacturing facility in Noida. The company focuses on advanced N-Type solar modules in M10R and G12 formats, leveraging cutting-edge technology, high efficiency, and Waaree’s deep industry expertise to support the global energy transition.

Indo Solar is one of India’s early players in solar cell manufacturing, supporting the country’s clean energy ambitions. With a focus on domestic production, the company reflects India’s push toward renewable power, energy security, and reduced dependence on imported solar components.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Solar stock in focus after its net profit increases by 310% YoY in Q3FY26 appeared first on Trade Brains.