Insolation Energy Limited Consolidated Unaudited Revenue of Rs. 738.80 crores for the FY 2023-24

Insolation Energy Limited has announced that in its 7th year of operation, the company has surpassed a consolidated unaudited revenue of Rs. 738.80 crores for the Financial Year 2023-24. This marks a remarkable increase of approximately 164% compared to last year's consolidated revenue of Rs. 280 crores.

This achievement owes much to the unwavering support of all our stakeholders and we extend our heartfelt gratitude to them for their trust and confidence in our company. We are delighted to address today as we celebrate a significant milestone in our journey towards sustainable energy solutions. Our concerted efforts and unwavering commitment have propelled us to achieve a remarkable turnover of Rs. 738.80 crores in the domain of Solar Energy from which Rs. 104.57 Crores of Revenue is for the month of March 24 alone. Our team's relentless pursuit of excellence has enabled us to capitalize on the immense potential of solar energy, contributing not only to our organizational growth but also to the broader cause of environmental sustainability.

As we enter the next phase of accelerated growth, we set our sights on doubling our consolidated revenue by FY 2025. In FY 2025-26, we have further expansion plans of taking our solar Panel manufacturing capacity to 3000 MW and Aluminium Frame Manufacturing to 6000 metric ton per Annum. We eagerly anticipate the sustained support and patronage of all our stakeholders as we work towards achieving this ambitious milestone.

Shares of Insolation Energy Limited was last trading in BSE at Rs. 1520.45 as compared to the previous close of Rs. 1486.80. The total number of shares traded during the day was 18500 in over 36 trades.

The stock hit an intraday high of Rs. 1541.00 and intraday low of 1478.95. The net turnover during the day was Rs. 28046925.00.

Source : Equity Bulls

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InsolationEnergy INE0LGX01016 ElectricUtilities FY2024 OperationalUpdate