Q2 2026 Solex Energy Ltd Earnings Call Transcript

Nov 10, 2025 / 12:00 PM GMT

Release Date Price: ₹1615.5 (-4.38%)

Transcript

Key Points

Positve

Solex Energy Ltd (NSE:SOLEX) successfully migrated from the NSE Emerged platform to the NSE mainboard, marking a significant milestone.
The company has expanded its operations to a fully automated 4 gigawatt manufacturing facility, enhancing its production capabilities.
Solex Energy Ltd reported a healthy year-on-year revenue growth of 51.8% in H1 FY26.
EBITDA margin improved significantly to 14.7% from 9.6%, indicating better operational efficiency.
The company has a strong order book exceeding INR 4,000 crores, providing revenue visibility for the future.

Negative

Extended monsoon season led to delayed site readiness, resulting in increased inventory and muted revenue growth in Q2 FY26.
Working capital days increased from 61 days in FY25 to 102 days in H1 FY26 due to inventory buildup.
Debt-equity ratio is slightly elevated due to project-related drawdowns, though expected to improve.
There are challenges in securing power and water availability for the new cell manufacturing facility.
The company faces logistical challenges and higher costs in servicing customers in the southern part of India.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SOEX.NS - Solex Energy Ltd
Q2 2026 Solex Energy Ltd Earnings Call
Nov 10, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Soex Energy Q2 and H1FY26 earnings conference call.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference, please signal an operator by pressing and then 0 on your touchstone phone. Please note that this conference is being recorded.

I now hand the conference over to Mr. Hiral Kenya from EY.

Thank you and over to you, sir.

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Unidentified_2 [2]
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