Insolation Energy Ltd, a Rajasthan-based solar panel manufacturer, registered a total revenue of INR 280.05 crore ($33.8 million) in the financial year ending March 31, 2023, a 30% increase from INR 215.47 crore earned in the previous year. The company earned a net profit (profit after tax) of INR 10.68 crore, 54% up year-on-year.
The consolidated financial results also include the financial results of Insolation Green Energy Pvt Ltd.
According to the consolidated balance sheet, in the second half of the financial year ending March 31, 2023, the company recorded a revenue of INR 164.18 crore against INR 115.86 crore earned in the first half. During H2 FY 2023, the company earned a net profit (profit after tax) of INR 6.07 crore against INR 4.60 crore in the first half of the financial year.
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