Surat (Staff Correspondent), November 12: Chetan Shah-owned Solex Energy Solex, one of India’s most trusted solar brands, has announced its half-year financial results for FY 2024-25. The company showcased remarkable growth and reinforced its position in India’s renewable energy market.
For the first half of the fiscal year, Solex Energy reported a Total Income of ₹273.09 crore, a substantial increase of 194% compared to ₹93.04 crore in H1 FY24. Other impressive financial metrics complement this strong revenue growth:
• EBITDA stood at ₹25.37 crore, marking a 168% growth from ₹9.48 crore in the previous year.
Commenting on the results, Chetan Shah, Chairman & Managing Director of Solex Energy Limited, said: “Our exceptional financial performance in the first half of FY 2024-25 underscores Solex Energy’s dedication to delivering sustainable growth and value for our investors and customers. This achievement is a testament to our commitment to advancing India’s renewable energy sector. As we look ahead, Solex remains focused on scaling up our operations and innovation to meet the growing demand for clean energy solutions across India.”
Solex Energy’s impressive financial performance highlights its commitment to manufacturing excellence, customer satisfaction, and a sustainable future for India. With its recently announced Vision 2030 strategy, including a landmark investment of approximately 1 billion USD, Solex is dedicated to advancing solar technology and expanding operations to meet India’s growing clean energy demands. The company is well-positioned for continued growth as it broadens its portfolio and strengthens its standing as a trusted leader in solar energy.
