Synopsis:- The stock jumped up to 6% after receiving in-principle approval to migrate from the SME platform to the main board. The move is expected to improve liquidity and visibility, supported by rising operating profit, stable 13% margins, over 5.5 GW capacity, and aggressive expansion plans adding 7 GW modules and 3 GW cells by FY27.
The shares of the prominent solar panel manufacturer gained up to 6 percent in today’s trading session after the company received in-principle approval from BSE to migrate to the BSE main board.
With a market capitalization of Rs 2,181.91 crore, the shares of Insolation Energy Ltd were trading at Rs 99.00 per share, increasing around 0.46 percent as compared to the previous closing price of Rs 98.55 apiece.
BSE Approval
According to the company exchange, Insolation Energy Ltd has received in-principle approval from BSE to migrate its equity shares from the BSE SME platform to the BSE Mainboard. This marks an important milestone, enhancing visibility and liquidity. The company is completing final listing formalities and will announce the effective mainboard trading date in due course.
Financial & Other Highlights
The company reported healthy growth over the period, with revenue rising 25% from Rs 722 crore in March 2025 to Rs 777 crore by September 2025. Profitability also improved, as net profit increased 38% to Rs 80 crore, indicating better operating efficiency, stronger execution, and sustained demand across its core business segments.
Over the last one year, Insolation Energy Ltd has shown a clear improvement in operating efficiency. Operating profit increased from Rs 80 crore in September 2024 to Rs 102 crore in September 2025. During the same period, operating profit margin remained stable at 13%, indicating strong cost control and better scale benefits from higher volumes.
Insolation Energy Limited is a leading solar panel manufacturer in India with over eight years of manufacturing experience. The company operates two advanced facilities in Jaipur with a combined capacity of 5.5 GW and plans to expand further. It produces TOPCon and Mono PERC modules, supported by AI-driven manufacturing, and serves 15,000+ customers through a wide partner network.
Insolation Energy is rapidly expanding its manufacturing footprint with advanced facilities under construction and in the pipeline. The INA-3 factory in Jaipur will add 3 GW of PV module capacity and 18,000 MTA of aluminium frames. Meanwhile, the upcoming INA-4 facility in Madhya Pradesh is planned to deliver 4 GW of PV modules, 3 GW of solar cells, and 36,000 MTA of aluminium frames by FY27, strengthening backward integration and scale.
Insolation Energy Limited is an Indian solar manufacturing company engaged in producing photovoltaic modules, solar cells, and aluminium frames. Listed on the BSE SME platform, the company operates advanced manufacturing facilities and focuses on scalable capacity expansion, serving utility-scale, rooftop, and government-backed solar projects across India with an emphasis on quality and innovation.
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