rallied 13 per cent after the company reported a strong Q4 FY26 performance. The stock was trading at ₹1,912.55 on the NSE around 10.04 am, after rising sharply from its previous close of ₹1,060.30 during intraday trade.
Stock movement today
The company posted its financial growth for the March quarter, with revenue from operations coming in at ₹1,102.40 crore, up 131.31 per cent y-o-y from ₹476.58 crore. EBITDA stood at ₹206.82 crore, registering a 63.71 per cent y-o-y increase, while profit after tax rose 66.08 per cent y-o-y to ₹155.72 crore from ₹93.76 crore.
Its FY26 profit after tax increased 109.09 per cent y-o-y to ₹478.65 crore compared to ₹228.92 crore in FY25. Revenue for the year stood at ₹3,331.42 crore, reflecting a growth of 108.51 per cent y-o-y.
Manmohan Sharma, CFO of the company, said the firm delivered a consistent and strong financial performance in FY26, driven by disciplined execution and operational efficiency. He highlighted that India’s renewable energy sector continues to gain momentum, with total installed capacity crossing 274 GW and solar contributing over 150 GW as of March 2026. Solar additions surged to over 44 GW during the year, significantly higher than the previous year, reinforcing its role as the primary driver of the country’s clean energy transition.
He added that the company maintains strong execution visibility supported by an unexecuted EPC order book of 2.83 GWp, and remains focused on delivering projects efficiently while creating long-term value within India’s rapidly evolving renewable energy landscape.