Introduction:
Leading Indian solar brand has reported a remarkable 103% revenue growth for the year-to-date period ending December 31, achieving ₹408 crore in revenue. The company expects continued growth, driven by strong performance across all business verticals.
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Share price movement of Solex Energy:
On January 9, 2025, Solex Energy Limited opened at ₹1,339.00, up 2.14% from its previous close of ₹1,310.90. The stock reached a high of ₹1,441.95 (9.84%) and a low of ₹1,321.05. By 11:38 AM, it traded at ₹1,410.20, a 7.59% increase, with a market cap of ₹1,555.45 crore.
Solex Energy Achieves 103% Revenue Growth:
Solex Energy Limited has reported an impressive 103% revenue growth for the year-to-date period ending December 31. The company achieved consolidated revenue of ₹408 crore, a remarkable increase compared to the previous year.
The revenue surge is attributed to strong performance across all business verticals, with expectations of continued growth. The company is set to achieve its highest-ever revenue, with the solar module business expected to be a key contributor from Q4 FY 2024-25.
Solex Energy is expanding its production capacity with the commencement of a new 800 MW production line in January 2025. The company aims to increase its total capacity to 4 GW by mid-2025, positioning itself for enhanced profitability in the coming years.
Recent news on Solex Energy:
As of December 30, 2024, Solex Energy secured a ₹29 crore order from Zodiac Energy for supplying 20 MW of Bifacial Perc Solar Modules. The delivery is expected within three months, marking a significant step in the company’s growth.
Stock performance of Solex Energy for Period of 1 week, 6 months and 1 year:
Solex Energy Limited has experienced a 8.12% decline over the past week. However, the company has shown impressive growth of 20.0% over the last six months and a remarkable 182% increase over the past year, reflecting strong long-term performance.
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Shareholding pattern of Solex Energy:
| All values in % | Sep 2024 | Jul 2024 | Mar 2024 |
| Promoter | 66.20% | 66.20% | 70.70% |
| FII | 0.00% | 0.00% | 0.00% |
| DII | 1.10% | 1.10% | 1% |
| Public | 32.80% | 32.70% | 28.30% |
About Solex Energy:
Solex Energy Ltd. (NSE: SOLEX) specializes in renewable energy solutions, manufacturing and distributing solar photovoltaic modules, inverters, lighting systems, and water heating solutions, with a focus on solar rooftop systems and sustainable energy products.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
