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 it 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.

Primary source: NSE