The shares of solar panel manufacturers gained up to 5 percent after the company’s net profit and revenue jumped significantly by 450 percent and 227 percent YoY, respectively in Q3FY25.
Price movement
With a market capitalization of Rs 923.83 crore, the shares of Australian Premium Solar (India) Ltd were trading at Rs 468 per share, decreasing around 3 percent as compared to the previous closing price of Rs 493.55 apiece.
Reason for rise
Australian Premium Solar (India) reported exceptional results in Q3FY25, revenue increased by 47 percent on a quarter-on-quarter basis from Rs. 82 crore in Q2FY25 to Rs. 121 crore in Q3FY25. Further, revenue zoomed by 227 percent year on year, from Rs 37 crore in Q3FY24 to Rs. 121 crore in Q3FY25.
The company’s net profit increased by 57 percent on a quarter-on-quarter basis, from Rs. 7 crore in Q2FY25 to Rs.11crore in Q3FY25. Further, net profit magnified significantly by 450 percent year on year from Rs 2 crore in Q3FY24 to Rs. 11 crore in Q3FY25.
Recent order
Recently, Australian Premium Solar (India) Ltd bagged a prestigious purchase order from a domestic client for the supply of APS- Solar Panels, APS-Solar Inverters, and APS-Solar PV Modules worth Rs 91.08 crore.
Capacity
The company currently operates a 600 MW manufacturing facility in Tajpur, Gujarat, with plans to expand further, signaling its commitment to increasing capacity and meeting growing demand in the sector.
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Market Segments
APS is a leading player in rooftop solar, leveraging experience from Australia, where penetration exceeds 30 percent. Active since 2018, it dominates Gujarat, India’s top rooftop market. With government plans to install 1 crore rooftop systems by 2027, APS anticipates immense growth potential.
In solar pumps, the market is projected to grow from ₹0.5 billion (2022) to ₹2.7 billion (2032). APS operates in Gujarat, Maharashtra, Rajasthan, and Jharkhand, focusing on cash flow management. Expanding its distribution network, APS targets key states as India aims for 500 GW renewable capacity by 2030.
Capacity Utilization
The company expanded its workforce from 150 in December 2023 to 351, acquired 10,000 sq. meters for factory expansion targeting an 800 MW capacity increase, and operates at 70-75 percent capacity utilization with two 10-hour shifts, supporting its ongoing business growth.
Capital expenditure
The estimated capital expenditure for the new 400 MW facility is Rs.40 crores. Future expansions are expected to require lower investment as shared machinery will reduce costs, optimizing resource utilization and enhancing efficiency for subsequent developments.
Company Profile
Australian Premium Solar (India) Limited manufactures monocrystalline and polycrystalline solar panel models and provides engineering, procurement, and construction (EPC) services for residential, agricultural, and commercial applications.
Written by Abhishek Singh
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