Vikram Solar posts 1,636.5% YoY growth in Q2 profit
Vikram Solar has posted a consolidated revenue of INR 1,109.9 crore for Q2FY26, up 93.7% year-on-year (YoY). PAT for the quarter rose 1,636.5% YoY to INR 128.5 crore with a PAT margin of 11.58%.
Waaree Energies reports best-ever quarterly performance
Waaree Energies Ltd has reported a total income of INR 6,226.54 crore for Q2 FY2026, marking a stellar 69.96% year-on-year (YoY) growth. Net profit (profit after tax) for the quarter surged by 133.78% YoY to INR 878.21 crore.
PMSGY accelerates residential rooftop solar, yet supply and financing hurdles remain
Despite a nearly fourfold increase in applications between March 2024 and July 2025, only 13.1% of the target of one crore (10 million) residential rooftop solar installations had been achieved, and just 14.1% of the allocated INR 65,700 crore ($7.5 billion) in subsidies released under the PM Surya Ghar: Muft Bijli Yojana as of July 2025. Given this context, achieving the FY2027 target of 30 GW capacity remains a considerable challenge, according to a new report by IEEFA and JMK Research.
India adds ‘record’ 29.5 GW of solar capacity in first nine months of 2025: JMK Research
India added 29.5 GW of solar capacity in the first nine months of 2025, including about 22.5 GW from utility-scale, 5.8 GW rooftop, and 1166 MW offgrid installations.
Waaree Renewable Technologies achieves highest-ever quarterly revenue in Q2 FY26
Waaree Renewable Technologies, the solar EPC arm of the Waaree Group, has reported its highest-ever quarterly revenue of INR 774.78 crore in the quarter ended Sep. 30, 2025 (Q2 FY 2026). Q2 net profit rose 117.40% YoY to INR 116.34 crore.
Solar power during monsoons: Busting the myth
Solar panels typically experience only a 10-20% reduction in output during monsoons, not a complete shutdown. The reason is simple: modern panels efficiently capture diffused light, converting scattered sunlight even on cloudy days.
Saatvik Green launches on-grid inverters for residential and C&I solar projects
Saatvik Green Energy has launched the UDAY Series on-grid solar inverters. The series includes single-phase inverters (1.1 kW–6 kW) for residential and small commercial rooftops and three-phase inverters (6 kW–50 kW) for residential, commercial and industrial applications.
IEA lowers 2025-30 forecast for global solar growth
The International Energy Agency (IEA) cut its 2025–30 renewables forecast by 5%, citing lower solar additions, though PV still represents nearly 80% of 4.6 TW expected growth.
Eighth Assembly of International Solar Alliance scheduled from Oct. 27-30 in New Delhi
The International Solar Alliance (ISA) Assembly will focus on four key areas: catalyzing finance for solar projects, building global capability centres and advancing digitization, enhancing regional and country-level engagement, and developing technology and policy roadmaps.
Eastman launches ‘Solar Access LIB’ inverter with integrated lithium battery
Eastman Auto & Power Ltd has launched Solar Access LIB, an all-in-one, plug-and-play unit that integrates an inverter with a lithium-ion battery to simplify solar adoption for homes and businesses.
