Solar stock jumps 16% after securing order worth ₹802.84 Cr for solar power project

Synopsis:
Shares of Solarworld Energy Solutions rose sharply after the company signed a binding term sheet for a large 200 MWac ground-mounted solar project valued at Rs. 802.84 crore, scheduled for completion in FY2026-27.

A solar stock rallied strongly in today’s trade as investors responded positively to a large Engineering, Procurement and Construction order win that enhances project visibility for the coming years. 

Solarworld Energy Solutions Ltd, with a market capitalisation of Rs. 2,975.47 crore, opened at Rs. 304.90 and touched an intraday high of Rs. 347 against the previous close of Rs. 299.85, marking a sharp 15.7 percent rise during the session.

What’s the News?

The company has signed a binding term sheet for the execution of Engineering, Procurement, and Construction (EPC) works of a Ground Mount Solar Power Project of 200 MWac / 272 MWp capacity. The contract has been awarded by a leading renewable energy company and is scheduled for completion in the financial year 2026-27. The order carries a total value of Rs. 802.84 crore and strengthens Solarworld’s execution pipeline in the utility-scale solar EPC segment.

Financial Snapshot – Q1FY26

On a quarter-on-quarter basis, Solarworld reported mixed performance with lower revenue but improved profitability. Total sales fell by 61.4 percent from Rs. 176 crore in Q4FY25 to Rs. 68 crore in Q1FY26. Operating profit declined by 30.8 percent from Rs. 13 crore to Rs. 9 crore. However, profit before tax rose by 21.4 percent from Rs. 14 crore to Rs. 17 crore, while net profit increased by 44.4 percent from Rs. 9 crore to Rs. 13 crore.

On a year-on-year basis, the company posted robust growth across all financial metrics. Revenue surged by 195.7 percent from Rs. 23 crore in Q1FY25 to Rs. 68 crore in Q1FY26. Operating profit jumped by 80 percent from Rs. 5 crore to Rs. 9 crore. Profit before tax rose by 240 percent from Rs. 5 crore to Rs. 17 crore, and net profit soared by 333.3 percent from Rs. 3 crore to Rs. 13 crore.

About the Company

Solarworld Energy Solutions Ltd is a leading renewable energy company with over 12 years of experience and a project portfolio exceeding 1 GW across India. Headquartered in Noida, the company provides end-to-end Solar EPC services, large-scale Solar Park development, and customized rooftop and ground-mounted solar solutions for industrial, commercial, and utility clients. It operates a 1.2 GW state-of-the-art solar module manufacturing facility in Roorkee and is actively expanding into grid-scale energy storage systems, contributing to India’s clean energy transition and sustainable future.

Written by Manan Gangwar 

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