Jaipur-based solar module manufacturer Insolation Energy reported a revenue of ₹7.76 billion (~$87.57 million) in the first half (1H) of the financial year (FY) 2026, an increase of 25.62% year-over-year (YoY) from ₹6.18 billion (~$69.74 million).

The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a YoY growth of 30.62%, rising to ₹1.14 billion (~$12.75 million) from ₹871.2 million (~$9.83 million).

Profit after tax increased by 23.53% to ₹800.6 million (~$9.03 million) from ₹648.1 million (~$7.31 million).

The earnings per share (EPS) also increased to ₹3.63 (~$0.034) from ₹3.11 (~$0.035).

“Our performance in H1 FY26 is a testament to our commitment to innovation, quality, and sustainable energy solutions. With the growing demand for solar energy and our ongoing capacity expansion, including our upcoming 7 GW solar module, 4.5 GW solar cell, and 18,000 MTA aluminium frame manufacturing facilities. We are confident of delivering even stronger results in the coming quarters,” said Manish Gupta, Chairman at Insolation Energy.

The company operates three manufacturing facilities in Jaipur with a combined annual capacity of 5.5 GW.

In September this year, the Indian Renewable Energy Development Agency approved a loan of ₹11.34 billion (~$129 million) to Insolation Green Energy, a wholly owned subsidiary of Insolation Energy, to finance its 4.5 GW solar cell manufacturing facility in Madhya Pradesh.

In August, the company broke ground on the manufacturing plant for solar cells and an 18,000 MT aluminum frame manufacturing facility in the Power and Renewable Energy Equipment Zone at Narmadapuram, Madhya Pradesh.

INA Solar operationalized a 4.5 GW solar module manufacturing plant at the Sawarda village in Rajasthan’s Jaipur district in September. With the commissioning of this plant, INA Solar has expanded its manufacturing capacity to 5.5 GW.  The facility, spread over 600,000 sq ft, manufactures TOPCon modules.

Insolation Energy had reported a 58.35% YoY growth in revenue to ₹7.3 billion (~$85.56 million) in the second half of FY 2025 from ₹4.61 billion (~$54.03 million).