Sahaj Solar Limited · NSE:SAHAJSOLAR
Sahaj Solar — H1 FY27 Earnings Presentation
32 slides from Sahaj Solar's earnings presentation, Nov 5, 2026
Slide 1: Regulation 30 filing cover letter to NSE
November 5, 2026 To, Listing Department, National Stock Exchange Limited Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (E), Mumbai-400 051 Scrip Code – SAHAJSOLAR Sub.: Investor Presentation Ref.: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2
Slide 2: Investor presentation H1 & FY27
SOLAR LIMITED Investor presentation H1 & FY27 November 2026
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared by and is the sole responsibility of Sahaj Solar Limited. By accessing this presentation, you are agreeing to be bound by the trailing restrictions This presentation does not constitute or form part of any offer or invitation or inducement to sell or is
Slide 4: Table of contents
01 Financial highlights 02 Company at Glance 03 Strategic Updates 04 Business Segments TABLE 05 Financial Performance 06 Annexures
Slide 5: Financial Highlights
SOLAR LIMITED ‘shi wer ECS FINACIAL HIGHLIGHTS
Slide 6: Management Comment
MANAGEMENT COMMENT “ H1 FY27 has been a significant half for Sahaj Solar, in which we scaled the business and strengthened the balance sheet together. Consolidated revenue grew 42.4% year-on-year to ₹158.2 crore from ₹111.1 crore, and EBITDA grew 37.2% to ₹15.2 crore. This reflects the strength of o
Slide 7: Result Highlights – H1 FY27
RESULT HIGHLIGHTS – H1 FY27 Revenue EBITDA PAT INR 158 Cr INR 15 Cr INR 4 Cr +42 % Y-on-Y +37% Y-on-Y -16 % Y-on-Y ROE ROCE Debt Equity Ratio 6% 15.5% 0.82
Slide 8: Company at a Glance
SOLAR LIMITED ‘Shine with Solar Power oo S/oo00 Qo ooo Gjooo0 AT GLANCE
Slide 9: Sahaj Solar – Sustainability through Clean Energy
SAHAJ SOLAR – SUSTAINABILITY THROUGH CLEAN ENERGY A fast growing, vertically integrated renewable energy company, Sahaj Solar powers the entire clean-energy value chain - from high-performance PV module manufacturing, to large-scale water pumping solutions and end-to-end EPC projects.. 15+ Years 6%
Slide 10: Vision and Mission
Our Our Vision VISION Vision is to enrich life on Earth by providing innovative and high- quality Solar Energy solutions to society. & MISSION Statement Our Mission Mission is to make renewable energy accessible and affordable through advanced technology, efficient cost management, and personalized
Slide 11: Strategic Update
STRATEGIC lig UPDATE
Slide 12: Strategic Growth Drivers
STRATEGIC GROWTH DRIVERS SCALING GLOBAL & DOMESTIC DEEPENING VERTICAL HIGH-GROWTH SOLUTIONS FOOTPRINT INTEGRATION POWERED BY Expanding our footprint across key Manufacturing modules, structures, and STRATEGIC PARTNERSHIPS Indian states and controllers in-house to improve margins, Transformative new
Slide 13: Revenue Grew 5X in Four Years
REVENUE GREW 5X IN FOUR YEARS.. Revenue (in INR cr) FY21 FY22 FY23 FY24 FY25 FY26 H1 FY27 419 330 201 185 158 62 67 H1FY26 FY21 FY22 FY23 FY24 FY25 FY26 H1 FY27
Slide 14: Our USPs
OUR USPS Advanced Technology High-Growth Pipeline Through Strategic Partnerships High-efficiency anti-soiling modules built for superior performance. Exclusive IDMC partnership to solarize the dairy cold chain, complemented by major rooftop RESCO and EPC pumping wins. Emerging EPC Growth Engine Stra
Slide 15: Proof of Execution: IDMC Pilot Live in Bareilly, UP
PROOF OF EXECUTION: IDMC PILOT LIVE IN BAREILLY, UP Bareilly, Uttar Pradesh Integrated indoors — PCU, lithium-ion battery storage and — 150 L BMC rooftop cabling, engineered by group installation, commissioned company Veracity Powertronics for July 2026 and GPS-verified weatherproof, grid-independen
Slide 16: Backed by Group Strength
BACKED BY GROUP STRENGTH: Certified LT Panels → Strategic Electrical Partnership → Sahaj Solar's integrated group strength Veracity Powertronics has been CPRI-Certified LT Panels — welcomed as a Founding Channel Veracity Powertronics Partner of Praneetha Ecocables, becoming part of its “Founders Cir
Slide 17: Future Guidance
FUTURE GUIDANCE 35-40%+ 12%+ Key Drivers Invested in new innovative technology for Continued Government Support and Solar Panel with anti soil coating and Nano Budgetary allocations to Solar Initiatives like technology coating to increase the panel PM-KUSUM Scheme and entering lifespan and reduce de
Slide 18: Business Segment
BUSINESS SEGMENT
Slide 19: Global Energy Landscape for Solar
GLOBAL ENERGY LANDSCAPE FOR SOLAR 435 GW India’s share of power generation capacity In the next 5 years… 3,900 GW • Solar to Become the Largest Source of Renewable Global share of Renewables Capacity Globally by 2030 • Global solar capacity is projected to exceed ~7,000 100 GW GW by 2030, making sol
Slide 20: Fully Integrated Solar Water Pumping Solutions
FULLY INTEGRATED SOLAR WATER PUMPING SOLUTIONS Product Type Project Size AC Pumps DC Pumps Submersible Pumps Surface Pumps 1HP 2HP 3HP 5HP 7.5HP 10HP Backward Integration In-house fabrication of major components has helped the Forward Integration company build a strong connect on the grounds of proj
Slide 21: Offering End-to-End EPC Capabilities – Emerging Growth Engine
OFFERING END-TO-END EPC CAPABILITIES – EMERGING GROWTH ENGINE Pipeline Provider of Ground Mount Solar Project Type Estimated Value (Rs. Cr) Status Systems, rooftop solar power plants, solar streetlights, solar mobile trolleys, and off grid power plants. Solar Water Pumping System 77 Awarded Off-grid
Slide 22: Financial Performance
FINANCIAL Hh. PERFORMANCE
Slide 23: Financial Performance
FINANCIAL PERFORMANCE Revenue (Rs. Crores) PAT Margin EDITDA & EBITDA Margin % 13% 8% 60 54 14% 35 419 30 9% 13% 7% 28 50 43 30 8% 12% 330 7% 7% 40 25 10% 6% 20 8% 201 30 5% 24 5% 10% 3% 185 5% 158 5% 6% 15 13 4% 20 15 11 10 3% 3% 67 4% 2% 6 10 4 4 2% 5 2% 1 1% 0 0 0% 0% FY22 FY23 FY24 FY25 FY26 H1
Slide 24: Key Performance Indicators
KEY PERFORMANCE INDICATORS Particulars FY26 FY25 YoY H1 FY27 H1 FY26 YoY Operating Revenues (in crs) 419 330 27% 158 111 42% EBITDA 54 43 24% 15 11 37% EBITDA Margin 13% 13% -31 bps 10% 10% PAT 30 28 8% 4 5 -16% PAT Margin 7% 8% -126 bps 3% 5%
Slide 25: Statement of Profit and Loss
STATEMENT OF PROFIT AND LOSS (Rs. In Crores except percentages and ratios) Particulars FY26 FY25 YoY H1 FY27 H1 FY26 YoY Revenue from Operations 419 330 27% 158 111 42% Other income 2 1 2 0 - Total Income 421 331 160 112 - COGS 330 264 131 87 - Gross Profit 91 67 37% 29 25 17% Margin 22% 20% 150 bps
Slide 26: Statement of Balance Sheet
STATEMENT OF BALANCE SHEET Particulars FY23 FY24 FY25 FY26 H1 FY27 Particulars FY 23 FY24 FY25 FY26 H1 FY27 Equity and Liabilities Non-Current Assets Shareholders’ funds - - - - PPE, Intangible Assets & Capital 8 7 6 35 32 a. Share capital 8 8 11 22 22 WIP b. Reserves and surplus 9 25 98 116 120 Non
Slide 27: CAPEX Plan ~FY'27
CAPEX Plan ~FY’27 Building INR 17 Cr Others INR 2.2 Cr Land & Building * CAPEX Plans Imported INR 16 Cr Miscellaneous INR 9 Cr Plant & Machinery * Investment in Building is already incurred in FY26.
Slide 28: Annexures
ANNEXURES [=
Slide 29: A Workforce That Sets the Standard for Success
A WORKFORCE THAT SETS THE STANDARD FOR SUCCESS Shardul Thakore Yagnavalkya Joshi Pramit Brahmbhatt Kanaksinh Gohil Executive Director Company Secretary Managing Director Executive Director He leads strategic operations and Mr. Shardul Thakore brings over 33 He brings over a decade of He has driven t
Slide 30: Our Board Members
OUR BOARD MEMBERS.. Amita Parikh Niren Dalal Manan Brahmbhatt Dilip Joshi Independent Director Independent Director Chief Financial Officer Independent Director He brings over 33 years of She brings over 30 years of He brings over 30 years of He brings expertise in finance, experience in power exper
Slide 31: Our Projects
OUR PROJECTS Industrial Solar Rooftop Projects Solar Micro Grid Projects Solar Water Pumping Projects Solar Street Light & High Mast Porjects Solar Car Port Projects
Slide 32: Thank You
THANK YOU For further information, please contact Sahaj Solar Limited Mr. Yagnavalkya Joshi Company Secretary cs@sahajsolar.com Adfactors PR Pvt Ltd Ms. Saloni Nagvekar / Ms. Nishita Bhatt Saloni.nagvekar@adfactorspr.com Nishita.bhatt@adfactorspr.com