Solex Energy's CMD Chetan Shah discussed a recent 194 crore rupee order win, order book outlook, margins and utilization trends

Thu 8 Oct 2026

Recent order win

194 crore rupees

Orders announced last 12 weeks

1000 crore rupees

Expected margin on new orders

5 to 6 percent PAT

Orders in pipeline

500 crore rupees

Targeted order inflow for Q3

1500 to 1700 crore rupees

Heard on business television between 13:32:35 - 13:35:35 IST.

• Company announced a 194 crore rupee order, part of over 1000 crore rupees of orders in last 12 weeks, to be executed in Q3 and Q4 with margins of 5-6% PAT.
• Management said 500 crore rupees of additional orders are in pipeline, expected to close in couple of months, targeting 1500-1700 crore rupees order inflow for Q3.
• Module realization has declined this year due to higher transit and raw material costs on already-signed contracts; margin impact of 1-1.5% expected by year end versus 6-7% PAT target.
• Cell manufacturing backward integration expected to lift PAT margins significantly to 12-13%, though not add to revenue.
• Utilization expected around 55% in FY27 due to earlier ALMM-related confusion, but likely to cross 70% in FY28 as cell line comes online and clarity improves.

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