Swelect Energy Systems Limited
Swelect Energy Systems Ltd, incorporated in 1994, is engaged in the business of manufacturing and trading of Solar power projects, off-grid solar photovoltaic modules, based on crystalline silicon technology (c-Si), solar and wind power generation, contract manufacturing services, installation and maintenance services, sale of Solar Photovoltaic inverters and energy efficient lighting systems.
What Swelect files
- Others67
- Important30
- Board Meeting21
- Updates7
- JV/Acquisition4
- Dividend/Bonus4
SWELECT's Q1 FY27 Standalone PAT soared 362.5% to ₹18.68 Cr. Consolidated PAT dropped 63.8% to ₹7.65 Cr due to market slowdown. Management is pursuing two large EPC orders and acquiring 250 MW solar parks for future growth.
SWELECTES has announced its 31st Annual General Meeting will be held virtually. The Annual Report for the last financial year is accessible via web-link, especially for shareholders without registered emails.
SWELECT Energy Systems reported strong FY26 consolidated PAT of INR 57.58 Cr, with EBITDA up 30% to INR 187.46 Cr. The company launched its BESS portfolio and plans investments in solar/BESS manufacturing, targeting a 1GW IPP portfolio in two years.
SWELECTES is forming a 50:50 Joint Venture with FortifyGrid LLC, USA, in India for Solar BESS development and installation. SWELECTES will invest INR 0.05 Cr initially. This strategic move aims to strengthen its international BESS market presence.
SWELECT reported impressive financial results for Q3 and the nine-month period, with Q3 PAT soaring to INR 9.52 Cr (vs. loss last year). The company is vigorously pursuing 2 GW manufacturing, 1 GW IPP assets, and 1 GW EPC goals, while expanding its NUMERGY brand and C&I energy sales.