SWELECT Energy Reports Strong Q3 Growth, Returns to Profit in FY26

SWELECT Energy Systems Ltd.has reported robust financial performance for the quarter and nine months ended December 31, 2025, with significant growth in revenue, EBITDA, and net profit.

The Board of Directors approved the unaudited consolidated financial results at its meeting held on February 13, 2026.

Q3 FY26 Performance

For the third quarter of FY26 (October–December 2025), SWELECT reported:

• Total Income of INR 147.19 crore, up from INR 100.32 crore in Q3 FY25.
• Revenue from Operations at INR 138.63 crore compared to INR 91.38 crore in the same quarter last year.
• Operational EBITDA rose to INR 40.17 crore from INR 27.35 crore year-on-year.
• Profit Before Tax (PBT) increased sharply to INR 14.01 crore versus INR 3.00 crore in Q3 FY25.
• Profit After Tax (PAT) stood at INR 9.52 crore, marking a turnaround from a loss of INR 10.58 crore in the corresponding quarter last year.

Nine-Month FY26 Performance

For the nine months ended December 31, 2025:

• Total Income reached INR 483.40 crore, compared to INR 435.75 crore in the corresponding period of FY25.
• Revenue from Operations stood at INR 454.71 crore, up from INR 402.86 crore year-on-year.
• Operational EBITDA rose significantly to INR 142.78 crore from INR 101.12 crore.
• Profit Before Tax (PBT) increased to INR 62.77 crore compared to INR 27.86 crore in the previous year.
• Profit After Tax (PAT) surged to INR 46.50 crore, up from INR 5.00 crore in the same period last year.

Management Commentary

Commenting on the performance, R. Chellappan, Founder and Vice Chairman, stated that the results were in line with expectations and reaffirmed the company’s strategic goals. SWELECT aims to achieve 2 GW of manufacturing capacity, 1 GW of Independent Power Producer (IPP) assets, and 1 GW of EPC orders within the next two years.

The company currently holds financial assets exceeding INR 500 crore and operates 150 MW of IPP assets, providing a strong foundation for expansion. Management also highlighted its continued focus on integrated Solar-plus-Battery Energy Storage System (BESS) solutions, leveraging over two decades of expertise in battery and UPS manufacturing.

Dr. Arulkumar Shanmugasundaram, CEO and Managing Director, noted that SWELECT has a project development pipeline exceeding 250 MW in Tamil Nadu across various stages of land acquisition and grid connectivity. The company is also expanding its commercial and industrial (C&I) energy sales footprint beyond Tamil Nadu to support its 1 GW IPP target.

SWELECT recently launched its new NUMERGY brand and expects increasing market traction over the next three to six months as its distribution network expands nationwide. Additionally, the company expects its solar module manufacturing capacity to reach 2 GW by Q1 FY27 and has secured firm tie-ups for Domestic Content Requirement (DCR) cells to serve the Indian market.

The improved financial performance reflects SWELECT’s growing operational scale, expanding renewable portfolio, and strategic focus on manufacturing, project development, and integrated clean energy solutions.