Alpex Solar Ltd. · NSE:ALPEXSOLAR
Alpex Solar — Q1 FY2027 Earnings Presentation
22 slides from Alpex Solar's earnings presentation, August 2026
Slide 1: Alpex Solar Limited: An Integrated Renewable Energy Company
ALPEX SOLAR LIMITED AN INTEGRATED RENEWABLE ENERGY COMPANY INVESTOR PRESENTATION AUGUST 2026 | Q1 FY 26-27 INVESTOR PRESENTATION | AUGUST 2026 | Q1 FY26-27 Actual photograph | Kosi Kotwan Manufacturing Facility
Slide 2: Safe Harbour
SAFE HARBOUR This presentation has been prepared by Alpex Solar Limited (“ALPEXSOLAR” or the “Company”) solely for information purposes. It does not constitute an offer, recommendation or invitation to purchase or subscribe to any securities. It shall not form the basis or be relied on in connection
Slide 3: Alpex Solar: An Integrated Renewable Energy Platform
ALPEX SOLAR: AN INTEGRATED RENEWABLE ENERGY PLATFORM STRONG FOUNDATION TODAY SCALABLE TOMORROW 20+ 3.6 GW 7 26K+ 2.2 GW 5 GW 5 GW Years in solar PV Manufacturing Manufacturing units Solar pump Manufacturing capacity of Manufacturing capacity Manufacturing capacity of manufacturing capacity of solar
Slide 4: Integrated Renewable Platform Across the Solar Value Chain
INTEGRATED RENEWABLE PLATFORM ACROSS THE SOLAR VALUE CHAIN DIVERSIFIED BUSINESSES STRONGER INTEGRATION SUSTAINABLE GROWTH Solar Cells Solar Modules Solar Pump Aluminium Frame EPC Solutions IPP (G12R TOPCon 3rd Generation) At the forefront of Among the leading Strong business Among the first in End-t
Slide 5: Energy Independence = Energy Security = Energy Sovereignty
ENERGY INDEPENDENCE = ENERGY SECURITY = ENERGY SOVEREIGNTY ENERGY IS NO LONGER AN OPTION BUT A FUNDAMENTAL NECESSITY India imports 89% of its crude oil products. (USD 134.7 Billion) India’s total import bill for FY 2025–26: USD 979.40 billion (merchandise and services combined). Out of total import
Slide 6: Policy Visibility - ALMM Roadmap
Alpex has strategically planned its full value-chain manufacturing and backward integration in line with the Government’s ALMM I, II and III framework. POLICY VISIBILTY - ALMM ROADMAP 2024 2026 2028 The Company is ready with 2.2 GW of G12R TOPCon 3rd-generation solar cell capacity, aligned with the
Slide 7: A Journey of Achievements
A JOURNEY OF ACHIEVEMENTS FROM A SMALL BEGINNING IN 1993 TO A FULLY INTEGRATED SOLAR MANUFACTURING LEADER 2024-27 2027-28 2008-19 2028-30 Building the Future Next Horizon 2020-23 Future Vision Foundation for Growth Expanded solar module Plan to migrate to main & Scaling Up Strengthening 2023-24 capa
Slide 8: Capacity & Operations
CAPACITY & OPERATIONS SCALED MANUFACTURING FOOTPRINT ACROSS NORTH & CENTRAL INDIA Kasna, Greater Noida, Uttar Pradesh Solar Module Unit I I 25-26, Site V, Kasna, Surajpur Industrial Area, 1.2 GW Greater Noida, Uttar Pradesh Kosi Kotwan, Mathura, Uttar Pradesh G12R TOPCon Cell (3rd Generation) Unit I
Slide 9: Kosi Facility Strengthens Position with 2.2 GW Solar Cell Capacity
KOSI FACILITY STRENGTHENS ALPEX’S POSITION IN INDIA’S SOLAR VALUE CHAIN WITH 2.2 GW SOLAR CELL CAPACITY 2.2 GW G12R TOPCon (3rd Generation) Cell Capacity SCALE TECHNOLOGY 2.2 GW capacity G12R TOPCon Up to 26.5% efficiency (3rd Generation) Cell Fully automated operations supported by AGVs 9 lakh sq.
Slide 10: The Alpex Edge: G12R TOPCon (3rd Generation) Cell
THE ALPEX EDGE: G12R TOPCon (3 rd Generation) Cell DESIGNED FOR SCALE, EFFICIENCY & LONGEVITY Proven Factory Design Training and Technology with Scalability Knowledge Transfer Turnkey solution from Future ready design Advanced training a global partner with for improved efficiency provided at a full
Slide 11: Alpex's Digital Transformation: SAP Integration
ALPEX’S DIGITAL TRANSFORMATION: SAP INTEGRATION DRIVING OPERATIONAL EXCELLENCE ENABLING SCALABLE GROWTH Successfully implemented SAP across core functions, strengthening our systems, processes and decision-making. WHAT SAP ENABLES FOR ALPEX REAL-TIME FASTER CLOSING WORKING CAPITAL ENHANCED COST SCAL
Slide 12: Catering to Marquee Clientele as a Preferred Partner
CATERING TO MARQUEE CLIENTELE AS A PREFERRED PARTNER TRUSTED BY LEADING PSUS, CORPORATES AND GLOBAL ENERGY PLAYERS ACROSS THE ENERGY VALUE CHAIN. OUR ESTEEMED CLIENTELE DIVERSE CLIENT BASE STRONG RELATIONSHIPS REPEATED BUSINESS PAN-INDIA PRESENCE Serving leaders across PSUs, Long-standing partnershi
Slide 13: Stunning Sunpowered Performance Yet Again
STUNNING SUNPOWERED PERFORMANCE YET AGAIN (INR in Crores) Q1 FY27 Q1 FY26 REVENUE ₹503.42 ₹380.32 EBITDA ₹78.43 ₹64.86 PAT ₹39.86 ₹42.29 Disclaimer- Mr. Rahul Dravid’s engagement as Brand Ambassador pertains solely to endorsement of Alpex Solar’s products and brand. No part of this association shoul
Slide 14: Powering Growth Through Execution
POWERING GROWTH THROUGH EXECUTION Q1 FY2026-27 PERFORMANCE REVIEW (INR in Crores) REVENUE EBITDA EBITDA MARGIN PAT PAT MARGIN ₹503.42 ₹78.43 15.58% ₹39.86 7.92% QUARTER HIGHLIGHTS REVENUE (₹ CRORES) PAT (₹ CRORES) Strong revenue growth driven by higher demand and market expansion. Strategic sales in
Slide 15: FY2025 to FY2026 Annual Progression & Q1 FY2027 Performance
FY2025 → FY2026 ANNUAL PROGRESSION & Q1 FY2027 PERFORMANCE VS Q1 FY2026 QUARTERLY CONSISTENCY AND ANNUAL ACCELERATION UNDERLINING A STRONG GROWTH-LED PERFORMANCE FY26 ANNUAL PERFORMANCE vs FY25 (INR in Crores) Q1 FY27 PERFORMANCE vs Q1 FY26 (INR in Crores) FY2025 FY2026 Q1 FY25-26 Q1 FY26-27 YoY Gro
Slide 16: Alpex's Unprecedented Journey Over 4 Years
ALPEX'S UNPRECEDENTED JOURNEY OVER 4 YEARS RECORD-BREAKING PERFORMANCE- THE COMPOUNDING CASE From 200 Cr to 2,200 Cr in four years. Margins expanded 4x with a near debt-free balance sheet. Particulars FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 11.44X Revenue from Operations 194.68 412.60 780.15 2,2
Slide 17: Management Perspective
MANAGEMENT PERSPECTIVE INNOVATION AS A WAY OF LIFE AT ALPEX India is undergoing a profound transformation in the way it produces and consumes energy. The solar sector is not experiencing a temporary upswing; rather, it reflects a deliberate and sustained push toward energy sovereignty. Supported by
Slide 18: Scaling New Horizons
SCALING NEW HORIZONS BUILDING INDIA'S ENERGY INDEPENDENCE New product + capacity will propel margins Historically, Alpex has delivered EBITDA margins of 16–17% and PAT margins of 8–9%. With the commencement of cell manufacturing operations, margins are expected to nearly double at both the EBITDA an
Slide 19: Structural Demand Across the Value Chain
STRUCTURAL DEMAND ACROSS THE VALUE CHAIN MODULES, CELLS, WAFERS : DEMAND TRAJECTORY TO FY35 India’s solar demand is compounding from multiple independent engines — utility-scale, data centres, green hydrogen and round-the-clock power — while the shift towards firm & dispatchable renewable energy (FD
Slide 20: Leadership at the Forefront of Scalable Growth
LEADERSHIP AT THE FOREFRONT OF SCALABLE GROWTH ADITYA SEHGAL Chief Executive Off icer MONICA SEHGAL Whole Time Director ASHWANI SEHGAL President & Managing Director Mr. Ashwani Sehgal is a ffirst-generation irst-generation entrepreneur, has more than three decades of experience. He holds a degree in
Slide 21: Driving Force Behind Alpex
DRIVING FORCE BEHIND ALPEX LEADERSHIP TEAM L.K. DHAMIJA GAURAV BECTOR RAMJEE GUPTA LAKHAN SINGH ARUN SINGH DHANESH MEHTAL NIKHILESH SHARMA Vice President- Global Head- Vice President- Senior General Manager- Associate General Manager- Accounts & Finance EPC Sales & Marketing Vice President- Accounts
Slide 22: Thank You
THANK YOU ALPEX SOLAR LIMITED REGISTERED OFFICE B-79, Shivalik Enclave, Near Malviya Nagar, New Delhi - 110017, India CORPORATE OFFICE I 26, Site-V, Surajpur Ind. Area, Kasna, Greater Noida, (UP) - 201306, India www.alpexsolar.com