The Indian solar energy sector has witnessed remarkable growth, driven by increased adoption of renewable energy solutions and supportive government policies. Several companies in this space have reported strong Q4 2024 results, reflecting their robust business models and strategic initiatives. Investors looking to capitalize on the long-term potential of the solar industry may find these companies promising, given their solid financial performance and growth prospects
Solex Energy
The Company is engaged in providing renewable energy solutions, specializing in the manufacturing of Solar photovoltaic modules, solar home lights, solar street lights, solar lanterns, solar power plants, solar inverters, solar water heating systems, and wood-fired water heaters etc. The Company precisely manufactures the offered products using optimum grade components and advanced technology in compliance with the set norms of the industry.
The company’s revenue has increased by 41.75 percent from Rs 273 crores in H2FY24 TO Rs 387 crores in H2FY25, and the net profits of the company have increased by 237.5 percent from Rs 8 crores in H2FY24 to Rs 27 crores in H2FY25
Waaree Renewables Technologies Ltd
Waaree Renewables Technologies Ltd is engaged in the business of generating power through renewable energy sources and also provides consultancy services in this regard. Waaree Energy is one of the largest vertically integrated new energy companies. It has India’s largest Solar panel manufacturing capacity of 12GW at its plants in Chikhli, Surat, and Umbergaon in Gujarat.
The company’s revenue has increased by 75.33 percent from Rs 274.59 crores in Q4FY24 TO Rs 481.44 crores in Q4FY25, and the net profits of the company have increased by 73.05 percent from Rs 54.21 crores in Q4FY24 to Rs 93.81 crores in Q4FY25
KPI Green Energy Ltd
KPI Green Energy Ltd is part of the KP Group. They develop, build, own, manage, and maintain renewable power facilities (solar and wind solar hybrid power project) as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPPs) under the ‘Solarism’ brand.
The company’s revenue has increased by 97.22 percent from Rs 292.97 crores in Q4FY24 TO Rs 577.8 crores in Q4FY25, and the net profits of the company have increased by 130.34 percent from Rs 43.04 crores in Q4FY24 to Rs 99.14 crores in Q4FY25
Sahaj Solar Ltd
Sahaj Solar Ltd manufactures solar energy-based products and provides EPC services. SSL develops small to large Photovoltaic Solar PV power plant projects for its clients & investors. This includes carrying out the initial economic feasibility forecasts, finding a suitable location, securing title to the land (including obtaining all necessary permits), and taking care of all feed-in contracts or Power Purchase Agreements (PPA) with energy off-takers.
The company’s revenue has increased by 70.96 percent from Rs 124 crores in H2FY24 TO Rs 212 crores in H2FY25, and the net profits of the company have increased by 91 percent from Rs 11 crores in H2FY24 to Rs 21 crores in H2FY25
Written by likesh babu s
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