Solex Energy net profit rises 390% to ₹42.79 cr in FY25
Solar solutions
provider
Solex Energy
on Tuesday posted 390 per cent jump in its
net profit
to ₹42.79 crore for the fiscal year 2024-25, mainly on the back of higher revenues. The company's
Earnings Per Share
(EPS) rose to ₹43.82, reflecting a 301 per cent year-on-year growth, a company statement said.
According to the statement, Solex Energy also reported a remarkable 390 per cent increase in Profit After Tax (PAT), soaring to ₹42.79 crore from ₹8.73 crore in the previous year.
The company delivered a robust performance, with consolidated revenues reaching ₹665.82 crore, a significant 81 per cent year-on-year growth compared to ₹368.02 crore in FY 2023-24, it stated.
The stellar growth was driven by increased demand for solar modules, strategic execution of large-scale EPC projects, and geographical expansion in Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan, it added.
Chetan Shah, Chairman & Managing Director, Solex Energy, said, "Our FY 2024-25 performance is a clear reflection of Solex Energy's unwavering commitment to excellence, customer trust, and operational agility. As India accelerates its
renewable energy
ambitions, we are steadfast in our vision 2030, to become the country's most trusted solar energy partner, driving sustainable solutions that empower industries, communities, and future generations."
Headquartered in Surat, Solex Energy has been a pioneer in sustainable energy since 1995.
As the first Indian solar brand listed on NSE Emerge (stock code: SOLEX), Solex is renowned for producing high-end photovoltaic modules at competitive prices and offering comprehensive EPC services.
Its factory in Tadkeshwar, Gujarat, has a 1.5 GW production capacity for PV modules.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
an hour ago
- India Today
India to soon have 5th generation fighter jets in boost to air defence
The Indian defence capabilities are going to get a big boost with the government approving the "execution model" for implementing a major indigenous project to develop fifth-generation, deep-penetration advanced medium combat aircraft (AMCA) for the Air Force, potentially making us the fourth country to possess such stealth fighter jets. At the moment, the plans are to import them. Designed to execute a wide array of missions, including air superiority, ground strikes, Suppression of Enemy Air Defences (SEAD), and electronic warfare (EW). The AMCA will significantly enhance India's aerial combat capabilities. The single-seat, twin-engine aircraft is designed for all-weather operations and is expected to have a maximum takeoff weight of around 25 tonnes. It will be capable of flying at altitudes of up to 55,000 feet. The aircraft will feature an internal weapons bay with a 1,500 kg capacity, support an external payload of up to 5,500 kg, and carry 6,500 kg of fuel. Watch more on Battle Cry.
India.com
2 hours ago
- India.com
Gautam Adani to compete with Anil Ambani, plans to enter this sector with Rs 600000000000, it is...
Gautam Adani to compete with Anil Ambani, plans to enter this sector with Rs 600000000000, it is… Mumbai: Business tycoon Gautam Adani, who recently secured the second position in Forbes' top 10 Indian billionaires list, revealed his future plans in the Artificial Intelligence industry. The Adani Group is mulling to build an AI-first multidisciplinary healthcare ecosystem in India. This system aims to be affordable, scalable, and incorporate international standards of care. What is Gautam Adani's Vision For AI-Driven Healthcare In India? While addressing a gathering at the 5th Annual Conference of the Society for Minimally Invasive Spine Surgery – Asia Pacific, he highlights the need for an entire system-wide redesign in order to fulfil the growing need of the future. He informed that three years ago in 2022, on his 60th birthday, his family pledged Rs 60,000 crore towards sectors such as healthcare, education and skill development. He said that low back pain is a major cause of disability in India, surpassing even diabetes and heart disease in prevalence. 'If we are to carry the full weight of our national ambition, we must first heal the spine of our people,' Adani said. What Is Adani Healthcare Temples? As announced earlier, Adani Healthcare Temples are 1,000 bedded integrated medical campuses which will be set in first in cities like – Ahmedabad and Mumbai. Adani said these temples would be globally competitive, affordable healthcare systems which will be powered by artificial intelligence. These systems will use adaptable infrastructure designed for rapid expansion during major crises. He added that these campuses will offer clinical care, research and academic training headed by Mayo Clinic's global expertise in design, medical infrastructure and innovation. Adani Urges Innovation In AI Spine Care, Rural Surgery, And Robotics The Adani Group chief urges healthcare innovators to pioneer breakthroughs in AI spine diagnostics, rural surgery, and robotic spinal care. 'We are investing in modular, scalable infrastructure of the kind that can expand rapidly in the face of pandemics or emergencies. We are championing the creation of large, world-class healthcare institutes that bring together innovation, patient care, and applied learning under one roof,' Adani stated. Gautam Adani To Compete With Anil Ambani In Healthcare Sector The Adani Group's investment in healthcare, totalling Rs 600 billion, aligns with a larger national initiative focused on healthcare, education, and skill development. Adani emphasized the importance of this investment, stating that a healthy population is crucial for national progress. On the other hand, Reliance Group is already leading the healthcare sector with Kokilaben Dhirubhai Ambani Hospital Mumbai. It is a multi speciality healthcare centre located in Mumbai. The main aim to design the hospital is to enhance the country's reputation as a healthcare hub. It focusses on excellence in clinical services, diagnostic facilities, and research. The KDAH has recently announced a major advancements in its cancer treatment capabilities. It has upgraded its radiation therapy, with the state-of-the-art Radixact.
NDTV
3 hours ago
- NDTV
All About Varun Mohan, The Windsurf CEO Hired By Google To Strengthen Its AI
Google has hired a few team members from Windsurf, a rising AI infrastructure startup. The move is aimed at strengthening the tech behemoth's own AI code generation capabilities. At the centre of this development is Varun Mohan, the co-founder and CEO of Windsurf. Mr Mohan, along with co-founder Douglas Chen, joins Google following a high-stakes corporate tug-of-war that reportedly saw OpenAI in advanced talks to acquire Windsurf just last month. Who is Varun Mohan, and what makes his background significant in the AI space? Varun Mohan, who has Indian roots, was raised in Sunnyvale, California, by parents who migrated from India. He attended The Harker School in San Jose before moving on to the Massachusetts Institute of Technology (MIT), where he earned both a Bachelor's and Master of Engineering degree in Computer Science. According to his LinkedIn profile, Mr Mohan co-founded Windsurf in June 2021. Based in Mountain View, the startup is known for developing AI tools that streamline software development workflows. Under his leadership, Windsurf quickly rose to prominence as one of the most promising names in AI infrastructure. Before founding Windsurf, he spent over three years at Nuro, the autonomous vehicle company. He joined in early 2018 as a software engineer. By August 2019, he was the tech lead for autonomy infrastructure and later became tech lead manager in 2020. His resume also includes engineering internships at some of Silicon Valley's most recognised firms. In 2017, he interned at Databricks, focusing on machine learning systems. Earlier that year, he worked at Cloudian Inc., where he helped develop S3 storage infrastructure. In 2016, he was a software engineering intern at Quora, contributing to its data infrastructure. How Varun Mohan ended up at Google Windsurf reportedly caught the attention of OpenAI, which was in advanced talks to acquire the startup as recently as June 2025. But Google managed to pull off a strategic coup by hiring its core team, including Mr Mohan and Mr Chen, blocking OpenAI's bid. According to Reuters, Google is paying $2.4 billion in licensing fees to access certain WindSurf technologies under non-exclusive terms, as confirmed by a person familiar with the deal. Google will not acquire any equity or controlling interest in the company. The former Windsurf team will now join Google DeepMind, where they'll focus on agentic coding initiatives, particularly within the Gemini project.
