Indosolar Q2 FY27 Net Profit at 501.85 Lakhs, Revenue from Operations 15,277.09 Lakhs
RESULTS
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 21 Oct 2026, 07:33 PM IST · BSE ID: 8594cd26-014f-4ba0-ac99-75498c9ac4b8
View Original BSE Filing (PDF)
💡
In Simple Terms
Indosolar reported its Q2 FY27 financial results, showing a net profit of 501.85 Lakhs, and announced a merger plan.
🤖 AI Summary
- Indosolar Limited reported net profit of 501.85 Lakhs for the quarter ended September 30, 2026.
- Revenue from operations for Q2 FY27 totaled 15,277.09 Lakhs (Sale of Goods) and 281.54 Lakhs (Sale of Services).
- Basic Earnings Per Share (EPS) for the quarter was 1.20 Lakhs, compared to 11.14 Lakhs in Q2 FY26.
- The Board approved a draft Scheme of Amalgamation of Indosolar Limited with Waaree Energies Limited.
- Total assets stood at 48,295.78 Lakhs as of September 30, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit after tax (Q2 FY27)
501.85 Lakhs
Not comparable — limited prior period data.
Profit after tax (Q2 FY26)
4,633.76 Lakhs
Total income (Q2 FY27)
15,716.68 Lakhs
Not comparable — limited prior period data.
Total income (Q2 FY26)
20,255.90 Lakhs
Basic EPS (Q2 FY27)
1.20
Not comparable — limited prior period data.
Basic EPS (Q2 FY26)
11.14
Cash and cash equivalents (Sep 30, 2026)
8,115.51 Lakhs
🏢 How This Affects the Company
The proposed amalgamation with Waaree Energies Limited indicates a significant restructuring, which will result in Indosolar Limited being dissolved without being wound up.
Net profit declined to 501.85 Lakhs in Q2 FY27 from 4,633.76 Lakhs in Q2 FY26. Total income decreased from 20,255.90 Lakhs in Q2 FY26 to 15,716.68 Lakhs in Q2 FY27.
The company identified 'Manufacturing & Trading of Solar Photovoltaic Modules' as its sole primary reportable segment.
The ongoing amalgamation process introduces execution risk related to the scheme's finalization and regulatory approvals, leading to the dissolution of Indosolar Limited.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this results filing. Further updates on the amalgamation scheme will be communicated.
👤
Who Is Affected
Existing shareholders of Indosolar Limited are affected by the proposed amalgamation, as the company will be dissolved upon the scheme becoming effective. The financial performance impacts all shareholders.
🔍
Management Signal
The management's decision to approve the amalgamation scheme signals a strategic move towards merging operations with Waaree Energies Limited, indicating a change in corporate structure.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Final approval and effective date of the amalgamation scheme with Waaree Energies Limited.
Regulatory updates from SEBI and other authorities regarding the merger.
Indosolar's next quarterly financial results for Q3 FY27.
MEDIUM RISK
The proposed amalgamation introduces execution and regulatory approval risks, and the company's financial performance shows a significant decline in profitability.
💡 Investor Takeaway
Indosolar reported Q2 FY27 net profit of 501.85 Lakhs, a decline from 4,633.76 Lakhs in Q2 FY26. Total income for the quarter decreased to 15,716.68 Lakhs. The Board approved the amalgamation scheme with Waaree Energies Limited.
⚖️ Strengths & Concerns
✅ Positives
- Cash and cash equivalents increased significantly to 8,115.51 Lakhs as of September 30, 2026, from 109.41 Lakhs at March 31, 2026.
- Net cash generated from operating activities was 7,956.70 Lakhs for the half year ended September 30, 2026, compared to 7,127.51 Lakhs in the prior comparable period.
⚠️ Concerns
- Profit after tax for Q2 FY27 decreased to 501.85 Lakhs compared to 4,633.76 Lakhs in Q2 FY26.
- Basic Earnings per Share (EPS) declined to 1.20 Lakhs for Q2 FY27 from 11.14 Lakhs in Q2 FY26.
📅 Company Track Record
Indosolar's Q1 FY27 net profit fell to 3,661.93 Lakhs, a 68.65% decline from Q1 FY26. The Q2 FY27 results show a further decline in net profit compared to Q2 FY26 (501.85 Lakhs vs. 4,633.76 Lakhs).
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Indosolar Limited's net profit for the quarter ended September 30, 2026?
Indosolar Limited reported a net profit of 501.85 Lakhs for the quarter ended September 30, 2026.
What were Indosolar Limited's total revenues from operations for Q2 FY27?
Indosolar Limited's total revenue from operations for the quarter ended September 30, 2026, was 15,277.09 Lakhs from sale of goods and 281.54 Lakhs from sale of services.
What was the Earnings Per Share (EPS) for Indosolar Limited in Q2 FY27?
Basic Earnings Per Share (EPS) for Indosolar Limited was 1.20 Lakhs for the quarter ended September 30, 2026.
What significant corporate action was approved by Indosolar Limited's Board on October 21, 2026?
The Board of Directors approved the draft Scheme of Amalgamation of Indosolar Limited (Transferor Company) with Waaree Energies Limited (Transferee Company).
What was Indosolar Limited's cash and cash equivalents balance as of September 30, 2026?
As of September 30, 2026, Indosolar Limited reported cash and cash equivalents of 8,115.51 Lakhs.
Questions based on this BSE filing only. For information purposes.