ScoutQuest21 Oct 2026
Indosolar533257Quarterly results

Indosolar Q2 FY27 EBITDA margin falls to 9.52% as module sales drop to 98 MW from 249 MW

Q2 FY27 EBITDA margin fell to 9.52% from 34.92% and module sales to 98 MW from 249 MW.

By ScoutQuest · · 1 min read

9.52%−25.4 pp
Q2 FY2634.92%Q2 FY279.52%
EBITDA margin: 34.92% (Q2 FY26) and 9.52% (Q2 FY27). A difference of 25.4 percentage points.
Revenue from operations, H1 FY27
223.95 (₹ in Crores) (-43.62%)
Operating EBITDA Q2 FY27
fell 79.05% YoY to ₹14.82 crore
EBITDA margin Q2 FY27
9.52% from 34.92%
Release
Results press release
Period
Q2 FY27

_Standalone · Q2 & H1 FY27_

📊 Revenue from operations, H1 FY27: 223.95 (₹ in Crores) (-43.62%)

📉 Operating EBITDA fell 79.05% YoY to ₹14.82 crore for Q2 FY27, while module production dropped to 148 (down from 244 MW in Q2 FY26)MW from 244 MW.

📌 Chief Executive Jignesh Rathod said the proposed amalgamation with Waaree Energies can create operational synergies and a stronger foundation for sustainable growth.

📉 Module sold fell to 98 MW in Q2 FY27 from 249 MW and module production to 148 MW from 244 MW.

⚠️ EBITDA margin fell to 9.52% in Q2 FY27 from 34.92%, which the company attributes to elevated raw material costs and lower capacity utilisation across the industry.

More numbers
  • Revenue from operations, Q2 FY27155.59 (₹ in Crores)
  • Operating EBITDA, Q2 FY2714.82 (₹ in Crores)
  • PAT, Q2 FY275.02 (₹ in Crores)
  • Revenue from operations, H1 FY27223.95 (₹ in Crores)
  • PAT, H1 FY2741.64 (₹ in Crores)
  • EBITDA margin, Q2 FY279.52%
  • EBITDA margin, Q2 FY2634.92%
  • Operating EBITDA change YoY, Q2 FY27-79.05%
  • Module production, Q2 FY27148 MW
  • Module production, Q2 FY26244 MW
  • Module sold, Q2 FY2798 MW
  • Module sold, Q2 FY26249 MW
Source: BSE · 21 Oct 2026

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