Australian Premium Solar pivots to battery storage with ₹20 cr investment
The company reported 60.7% revenue growth for FY26 and is targeting 30-35% expansion in FY27 as it shifts focus toward battery energy storage systems.
What's new
- FY26 revenue hit ₹708.74 cr with EBITDA margins of 13.49%.
- Management targets 30-35% revenue growth for FY27.
- The company is pivoting from solar cell manufacturing to battery energy storage systems (BESS).
Why this matters
The shift into BESS assembly signals a move toward higher-growth segments, as management anticipates this market will expand 2-3 times faster than solar. A ₹20 crore initial investment for a 1 GW assembly line is a measured entry into a new technology vertical.
What we're watching
- Execution timelines for the 1 GW BESS assembly line.
- Whether margins hold as the company transitions its product mix.
- The ability to maintain 30% annual net asset growth.
The full read
Australian Premium Solar (India) Ltd. closed FY26 with ₹708.74 crore in revenue, a 60.7% jump over the prior year. With EBITDA margins at 13.49%, the company is now looking to scale further, guiding for 30-35% growth in FY27. The most significant development is a strategic pivot away from solar cell manufacturing toward battery energy storage systems (BESS). Management claims the BESS market is set to grow 2-3 times faster than solar, justifying an initial ₹20 crore investment into a 1 GW assembly line. The company is pairing this expansion with a target of 30% annual net asset growth. The transition marks a clear attempt to capture higher-growth segments within the energy sector, though the success of this move hinges on the rapid deployment of the new assembly capacity.
Questions answered
- What is the primary strategic change for Australian Premium Solar?
- The company is pivoting its manufacturing focus from solar cells to battery energy storage systems (BESS).
- How much is the company investing in the new BESS line?
- The company plans to invest ₹20 crore in the first phase to establish a 1 GW assembly line.
- What are the growth targets for the upcoming fiscal year?
- Management has provided guidance for 30-35% revenue growth in FY27.
- What were the key financial results for FY26?
- The company reported revenue of ₹708.74 crore, representing a 60.7% year-on-year increase, with EBITDA margins of 13.49%.
An independent reading of the company's own disclosure — the primary filing above is the final word.