There was a huge rise in the shares of green energy company Insolation Energy Limited, can we get profit now?

This Solar Energy Company Based in Jaipur is Giving Huge Profits to Investors

On Friday, shares of Insolation Energy Ltd (INA), one of India’s leading solar energy firms, surged 10.95%, reaching a new 52-week high of ₹4,750. This impressive performance follows a remarkable growth trajectory, with a 170% increase over the past six months and a staggering 660% rise in the last year. Trading volume on the BSE has also spiked by over 2.54 times.

Company and Recent Financial Position

Insolation Energy Limited recently reported outstanding financial results for the half-year ending September 30, 2024. Revenue climbed to ₹612.69 crore, reflecting an increase of 118% year-on-year. The EBITDA rose to ₹81 crore, a 172% jump from the previous year, while net profit skyrocketed by 307.53% to ₹61.27 crore.

Company’s Expansion Plans

Managing Director Mr. Vikas Jain announced that the company plans to commence commercial production of a 3 GW solar module plant and a 12,000 MT aluminum facility by March 2025. The expansion aims to increase total solar module capacity to 4 GW, with revenue targets set at US$ 1 billion within three years.

Stock Split Announcement and Company Overview

The board has approved a stock split to enhance liquidity, converting existing ₹10 face value shares into ten ₹1 shares. Insolation Energy, known for high-efficiency solar panels, operates a 200 MW facility and aims to expand to 500 MW. Major domestic clients include Livguard Energy and Shakti Pump.

For Investors: This information is for informational purposes only and does not constitute investment advice.