SWELECT Energy Systems Ltd. has reported a strong improvement in profitability for FY26, driven by operational performance and its growing focus on battery energy storage systems (BESS) and solar manufacturing investments. The company’s Board of Directors approved the standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
For the fourth quarter of FY26, the company posted a consolidated total income of INR 209.80 crore, compared to INR 232.86 crore in the corresponding quarter of FY25. Revenue from operations stood at INR 202.42 crore against INR 218.81 crore in Q4 FY25.
Despite the decline in quarterly revenue, EBITDA remained stable at INR 42.87 crore during the January–March 2026 quarter, marginally higher than INR 42.67 crore recorded in the same period last year. Profit Before Tax (PBT) for the quarter stood at INR 12.80 crore compared to INR 15.74 crore in Q4 FY25, while Profit After Tax (PAT) increased to INR 11.09 crore from INR 8.98 crore in the year-ago period.
On an annual basis, SWELECT reported consolidated total income of INR 693.21 crore for FY26, up from INR 668.61 crore in FY25. Revenue from operations rose to INR 657.12 crore compared to INR 621.67 crore in the previous financial year.
The company recorded significant growth in earnings during the financial year, with EBITDA increasing to INR 187.46 crore from INR 143.79 crore in FY25. Profit Before Tax nearly doubled to INR 75.57 crore from INR 43.6 crore, while Profit After Tax surged to INR 57.58 crore against INR 13.98 crore reported in FY25.
Commenting on the performance, R. Chellappan said the company’s strengthened commitment to responsible energy and the launch of its Battery Energy Storage Systems portfolio have positioned SWELECT for future growth. He added that the company continues to explore investments in solar and BESS manufacturing infrastructure under its “Made in SWELECT” initiative to address India’s growing demand for locally manufactured clean energy solutions.
Arulkumar Shanmugasundaram stated that FY26 EBITDA expanded by 30% to INR 187.46 crore, reflecting a significant improvement in operating performance. He further noted that the company remains on track to achieve its announced target of developing a 1 GW Independent Power Producer (IPP) portfolio within the next two years.
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