Shares of Indosolar dropped nearly 5% during the opening hours on Tuesday, April 21 on NSE after the company announced fourth quarter earnings.
Indosolar, a subsidiary of Waaree Energies declared its financial results for the quarter ended on December, 31 2026 on Monday, April 20 following the market hours.
The scrip tumbled up to 4.99%, trading at Rs 513.85 apiece, while the benchmark NSE Nifty 50 was up 0.34% at 9:30 am.
In Q4FY26, Indosolar's revenue dropped 56.7% to Rs 83 crore, from Rs 192 crore in the same quarter previous year. Despite a sharp revenue cut, the company's net profit rose 4.9% to Rs 42 crore from Rs 40 crore on an year on year basis. EBITDA surged 28.2% to Rs 64.3 crore from Rs 50.2 crore in Q4FY25, while EBITDA margin was up 5130 bps at 77.4% versus 26.1% YoY.
In addition to Q4 results, Indosolar announced that Abhishek Pareek has been appointed as CFO effective April 20 and Shachindra Nath re-appointed as Vice Chairman and MD.
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