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AUSTRALIANPREMIUMSOLAR Energy 15 May 2026

Australian Premium Solar Ltd — Q4 FY26

Australian Premium Solar reported a strong FY26 with revenue of ₹708.74 Cr (+60.7% YoY) and EBITDA of ₹95.6 Cr (+62.6% YoY), driven by robust demand across solar modules, EPC, and solar pump segments.

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Revenue ₹709 Cr +60.7%
EBITDA ₹96 Cr +62.6%
PAT ₹58 Cr +44.3%
EBITDA Margin 13.49% +16bps
Duration 57 min
Read Time 1 min read

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2-Minute Summary

✦ AI-Generated from Full Transcript

Australian Premium Solar reported a strong FY26 with revenue of ₹708.74 Cr (+60.7% YoY) and EBITDA of ₹95.6 Cr (+62.6% YoY), driven by robust demand across solar modules, EPC, and solar pump segments. The commissioning of a 400 MW TOPCon line expanded total module capacity to 800 MW, with another 400 MW expected by August 2026. Solar pump revenue surged to over ₹300 Cr, contributing significantly to growth. Management guided for 30-35% revenue growth in FY27 with margin improvement, supported by DCR policy tailwinds and expansion into BESS. Key risk: working capital strain from pump segment receivables (90-120 day cycle) could pressure cash flows if collections slow.

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Focused Modules

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Risk Intelligence

Working capital strain from solar pump receivables

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Quarter Snapshot

Solar pump revenue FY26 ₹305 Cr
+190% YoY

Solar pump segment grew from ~₹105 Cr in H1 to over ₹300 Cr for full year, driven by PM-KUSUM and rural adoption.

Total module manufacturing capacity 800 MW
+100% YoY

Capacity doubled with commissioning of 400 MW TOPCon line; another 400 MW expected by August 2026.

Order book (as of call date) ₹220 Cr
N/A

Includes ₹150 Cr solar pump, ₹50 Cr wholesale distribution, and ₹15-20 Cr retail rooftop orders.

Net worth FY26 ₹164.28 Cr
+44% YoY

Net worth increased from ₹114 Cr in FY25, reflecting strong retained earnings and near debt-free balance sheet.

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Guidance and risk preview

Top guidance FY27 revenue growth guidance of 30-35%

Management expects 30-35% revenue growth in FY27, driven by module capacity expansion, solar pump momentum, and EPC projects.

Top risk Working capital strain from solar pump receivables

Trade receivables surged to ~₹160 Cr (from ~₹40 Cr in FY25) due to 90-120 day payment cycle for solar pump segment; only ₹40 Cr collected post-March.

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