Indosolar quarterly results and financials

Indosolar (WAAREEINDO)₹205.10−1.61%(9 Nov 2026 close)Heavy Electrical Equipment

Key facts

In the Jun 2026 quarter (standalone), Indosolar reported sales of ₹67.80 Cr, down 65.1% from Jun 2025, and net profit of ₹37.04 Cr, down 68.4% year on year. For the year to Mar 2026, sales were ₹678 Cr and net profit ₹247 Cr.

Sales (Jun 2026): ₹67.80 Cr
Net profit (Jun 2026): ₹37.04 Cr
Sales (FY Mar 2026): ₹678 Cr
Net profit (FY Mar 2026): ₹247 Cr
EPS (Jun 2026): ₹8.77
Borrowings (Mar 2026): ₹2.99 Cr

Company filings, standalone accounts; latest reported quarter Jun 2026

Indosolar quarterly results

₹ crore unless stated; each column is a quarter.

Indosolar Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	0.00	0.00	0.00	0.00	27.93	103	192	194	202	200	82.74	67.80
Expenses	0.00	1.99	0.99	0.99	6.99	79.98	142	131	132	129	18.97	19.99
Operating Profit	0.00	−2.01	−1.01	−1.01	22.08	23.09	50.20	64.19	71.28	71.21	64.17	48.12
OPM %	—	—	—	—	76.9%	22.9%	26.0%	32.9%	34.9%	35.9%	76.9%	70.9%
Other Income	0.00	0.00	0.99	0.00	0.00	0.99	0.99	0.99	0.00	0.00	0.99	7.98
Interest	1.99	1.99	2.99	2.99	3.99	4.99	1.99	0.99	0.00	0.00	0.00	0.00
Depreciation	0.99	0.99	0.99	0.99	7.99	8.99	8.99	8.99	8.99	8.99	8.98	8.99
Profit before tax	−3.01	−5.02	−5.02	−5.02	9.04	10.04	40.18	55.16	61.21	62.18	56.18	47.20
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	−112.0%	24.0%	33.0%	25.0%	23.0%
Net Profit	−3.01	−5.01	−5.01	−5.01	9.01	10.01	40.02	117	46.01	41.04	42.03	37.04
EPS (Rs)	−0.76	−1.20	−1.15	−1.19	2.27	2.45	9.59	27.98	11.11	9.94	10.08	8.77

Indosolar profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Indosolar Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	257	441	313	12.97	0.00	0.00	0.00	0.00	0.00	323	678	552
Expenses	248	367	336	37.96	1.99	0.99	7.99	1.99	0.99	229	408	300
Operating Profit	10.04	75.21	−21.07	−25.10	−2.01	−1.01	−8.02	−2.01	−1.01	95.38	272	255
OPM %	3.8%	16.9%	−7.0%	−186.1%	—	—	−4,068.1%	—	—	29.0%	39.9%	46.1%
Other Income	1.99	2.99	−59.85	−424	0.99	0.99	−107	1,086	−1.99	0.99	1.99	8.97
Interest	126	106	53.88	50.87	0.00	0.00	0.00	0.99	7.98	13.96	0.99	0.00
Depreciation	26.95	28.96	27.95	23.97	6.99	6.99	6.99	3.99	4.99	26.98	36.93	35.95
Profit before tax	−141	−58.25	−164	−527	−8.03	−8.04	−122	1,085	−15.06	55.24	235	227
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	−5.0%	—
Exceptional items	0.00	0.00	−64.13	−429	0.00	0.00	−107	1,091	−2.01	0.00	0.00	—
Net Profit	−141	−58.01	−163	−526	−8.01	−8.01	−122	1,082	−15.02	55.03	247	166
EPS (Rs)	−3.93	−1.61	−4.37	−14.07	−0.21	−0.20	−3.28	259.27	−3.70	13.13	59.12	39.90
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Indosolar balance sheet

₹ crore, at each year end.

Indosolar Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	359	358	358	373	372	373	372	372	42.07	42.08	42.06	42.06
Reserves	−465	−607	−668	−830	−1,355	−1,364	−1,372	−1,493	−40.99	−56.10	−1.01	245
Borrowings	987	965	942	820	829	40.97	829	829	60.01	102	50.02	2.99
Other Liabilities	245	386	485	382	413	1,202	409	410	4.02	63.01	150	53.86
Total Liabilities	1,126	1,103	1,117	745	259	252	238	116	65.11	150	241	344
Fixed Assets	472	446	453	428	154	147	140	82.29	48.13	47.15	122	91.27
CWIP	574	597	563	257	82.93	82.99	82.94	26.98	3.99	93.86	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	81.01	60.03	101	60.01	21.01	20.99	13.99	6.99	12.99	8.99	118	253
Inventories	21.98	25.98	36.95	26.98	4.99	4.99	4.99	0.00	0.00	0.00	73.90	20.98
Trade receivables	1.99	2.99	10.96	2.99	0.00	0.00	0.00	0.00	0.00	0.00	4.98	209
Cash & equivalents	25.03	1.01	10.01	6.01	5.01	5.01	4.01	5.01	4.01	5.01	17.02	6.01
Total Assets	1,126	1,103	1,117	745	259	252	238	116	65.11	150	241	344

Indosolar cash flow

₹ crore, for each year.

Indosolar Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	78.89	15.97	54.93	28.92	31.94	−0.99	−0.99	0.00	−13.97	17.96	84.86	77.88
Cash from investing activity	−61.07	−2.01	−28.05	−8.01	−23.05	2.01	−1.01	0.00	−3.01	−56.03	−20.04	−24.04
Cash from financing activity	−9.97	−23.93	−20.94	−24.92	−11.95	0.00	0.00	0.99	17.93	37.88	−52.82	−65.79
Net cash flow	7.97	−8.97	5.98	−3.99	−1.99	0.99	−1.99	0.00	0.99	0.00	11.97	−11.96
Capex	78.26	18.21	22.37	12.00	23.32	0.00	0.01	0.00	0.00	59.88	20.51	24.80
Free cash flow	1.01	−1.01	32.06	17.03	9.02	0.00	−1.01	0.00	−14.03	−38.08	65.14	53.09
CFO / OP %	165.0%	168.0%	73.0%	−137.0%	−132.0%	28.1%	41.1%	5.0%	721.0%	−1,255.0%	90.0%	29.1%

Indosolar ratios

Working-capital days and returns, by year.

Indosolar Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2024	Mar 2025	Mar 2026
Debtor days	2	5	9	3	4	—	5	113
Inventory days	41	50	45	35	112	—	138	21
Days payable	21	82	34	82	1,787	—	153	20
Cash conversion cycle	22	−27	21	−43	−1,671	—	−10	114
Working capital days	−714	−1,130	−1,110	−996	−33,663	—	−50	106
ROCE %	3.0%	−2.0%	7.0%	−9.0%	−44.0%	−7.0%	76.9%	123.9%

Indosolar: frequently asked questions

What are the latest quarterly results of Indosolar?

For the Jun 2026 quarter, Indosolar reported sales of ₹67.80 Cr, down 65.1% year on year and net profit of ₹37.04 Cr, down 68.4% year on year. The operating margin was 70.9%.

What is the annual revenue of Indosolar?

Indosolar's sales for the year to Mar 2026 were ₹678 Cr; over the last twelve months they were ₹552 Cr.

What is the net profit of Indosolar?

Net profit for the year to Mar 2026 was ₹247 Cr, and ₹166 Cr over the last twelve months. Earnings per share over the same trailing period were ₹39.90.

How much debt does Indosolar have?

Indosolar reported borrowings of ₹2.99 Cr at Mar 2026, against cash and equivalents of ₹6.01 Cr.

What is the free cash flow of Indosolar?

Cash from operations was ₹77.88 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹53.09 Cr.

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