Jaipur, India — Insolation Energy Limited (INA), one of India’s leading solar panel manufacturers, has reported a strong financial performance for the fiscal year ended March 2025 (FY25), posting a consolidated revenue of ₹1,333.8 crore, a remarkable 80.9% increase year-on-year. The company’s EBITDA reached ₹161.1 crore, with margins improving by 120 basis points to 12.1%, underscoring significant operational efficiency and scale benefits.
National Expansion and Manufacturing Milestones -Insolation Energy
Chairman Manish Gupta highlighted INA’s continued expansion across India, especially into Central and Southern regions, as a key growth driver. He also announced the near-completion of the company’s 3 GW solar module manufacturing line at Unit 3 in Jaipur, which is expected to become operational by the first quarter of FY26.
In line with its backward integration strategy, INA is also developing a 3 GW solar cell manufacturing line and an aluminium frame facility in Narmadapuram, Madhya Pradesh, aiming to strengthen its control over the supply chain and reduce production costs.
Aggressive Growth Targets Ahead- Insolation Energy
With a robust pipeline and strategic investments, INA has set ambitious financial targets, projecting revenues of over ₹3,000 crore in FY26 and more than ₹8,500 crore by FY28. Corresponding profit after tax (PAT) targets are set at ₹350+ crore and ₹1,350+ crore, respectively, reflecting confidence in sustained growth and profitability.
Order Book and Market Position- Insolation Energy
Managing Director Vikas Jain credited the company’s improved margins to increasing product acceptance and a healthy order book exceeding ₹2,000 crore. Strong cash flows and continued focus on technological advancement have further reinforced INA’s position in India’s solar energy sector.
Looking Forward
With the Indian solar market expanding rapidly, Insolation Energy is well-positioned to leverage its growing capacity, backward integration, and innovation-driven approach. The company remains committed to delivering long-term, sustainable value to its stakeholders while contributing to India’s renewable energy goals.
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