☀️ ALPEX SOLAR POWERS AHEAD India's solar manufacturing story is entering a new phase of backward integration and scale. 📌 Key Highlights: ⚡ 2.2 GW TOPCon Cell Capacity 💰 ~₹825 Cr Project Cost 📈 ~₹1,200 Cr Revenue Potential Per 1 GW 💵 ~25–26% PAT Margin Potential 🚀 90–95% Capacity Utilization Target Within 45 Days Why It Matters? ✅ Backward Integration ✅ Higher Margins ✅ Better Cost Control ✅ Atmanirbhar Bharat Tailwind ✅ Growing Solar Demand 🎯 Value Track View: Alpex is evolving from a module manufacturer into a more integrated solar player. If execution remains strong, the company could benefit from India's rapidly expanding solar manufacturing ecosystem and import substitution opportunity. 📌 Save this post and track the solar manufacturing theme. Follow @Value Track Investing for more market insights. 🔹 X: x.com/Value_Tracking 🔹 Threads: threads.com/@value_track_inv… 🔹 Telegram: t.me/ WpB6Eps6rP4wMjM1 #AlpexSolar #SolarStocks #RenewableEnergy #SolarManufacturing #CleanEnergy #GreenEnergy #TOPCon #SolarCells #EnergyTransition #AtmanirbharBharat #MakeInIndia #RenewableStocks #IndianStocks #StockMarketIndia #SmallCapStocks #GrowthStocks #ValueInvesting #LongTermInvesting #WealthCreation #ValueTrackInvesting

#ALPEXSOLAR alternate theories. Blue suggests the ABC correction is still on. Green suggests the ABC correction is complete, and the next impulse has started with a leading diagonal. PS - disclaimer in my profile bio.

Alpex Solar Plans To Commission 2.2 GW Solar Cell Plant Within 90 Days. Alpex Solar in its latest investors call also unveiled an aggressive backward integration roadmap covering wafers, ingots and solar glass manufacturing. Read more saurenergy.com/solar-energy-… @alpexsolar

Alpex Solar Ltd Concall Summary for Q4FY26 MANAGEMENT COMMENTARY • FY26 described as landmark year with record financial growth • Company transitioning toward fully integrated solar manufacturing model • Management highly confident on long-term industry positioning • Backward integration remains core strategic priority OUTLOOK • FY27 revenue expected to exceed ₹3,000 crore • Long-term revenue vision set at ₹10,000 crore by FY30 • 2.2 GW Kosi solar cell plant expected operational shortly • Strong demand visibility supported by ALMM implementation INDUSTRY • Domestic solar manufacturing benefiting from ALMM regulations • Freight rates surged sharply due to Iran and shipping disruptions • Industry rapidly shifting toward Topcon and G12R technologies • Domestic sourcing mandates supporting Indian manufacturers COMPETITIVE POSITION • Alpex positioning itself as integrated renewable energy player • G12R wafer strategy remains major technological differentiator • Backward integration reducing dependence on external suppliers • Management expects limited Chinese competition post policy rollout RISKS • Freight volatility impacting procurement and logistics costs • Raw material shortages remain key operational challenge • Solar cell manufacturing highly capital and technology intensive • Geopolitical disruptions impacted supply chain during FY26 GROWTH DRIVERS • Massive expansion into wafers, ingots and solar glass underway • Kosi facility equipped with advanced LECO laser technology • SAP S4 HANA implementation improving operational visibility • Solar water pumping and EPC business expanding steadily PRODUCT MIX • Product portfolio expanding beyond modules into solar cells • Strong focus on high-efficiency G12R Topcon technology • Aluminum frame capacity expansion planned aggressively • Higher-value integrated product mix expected to improve margins FINANCIALS • FY26 revenue surged to ₹2,223 crore • EBITDA increased strongly to ₹327 crore • PAT rose sharply to ₹201 crore • Q4FY26 revenue stood at ₹671 crore • Inventory maintained at ₹316 crore for supply stability CONCLUSION • Alpex entering next phase of integrated solar manufacturing growth • Backward integration strategy strengthening long-term competitiveness • Domestic policy support creating strong structural opportunity • Management remains highly confident on FY30 expansion roadmap #AlpexSolar #Q4Results #sharemarket

VE for Indian Solar Manufacturers | Stocks In Focus 🤝 🤝 #WaareeEnergies #PremierEnergies #WebsolEnergy #VikramSolar #InsolationEnergy #SolexEnergy #AlpexSolar #SuranaSolar

#SME #AlpexSolar #Alpex Alpex Solar Q4 & FY26 Earnings Call Highlights 👉 FY27 & Future Outlook ▫️ FY27 revenue expected to exceed ₹3,000 Cr, with upside from the 2.2 GW G12R TOPCon cell line commencing commercial production within the next 90 days (by ~August 2026). 💠Management is confident on surpassing guidance meaningfully due to strong execution and cell integration. 💠 Module capacity ramping to 3.6 GW by FY27 (from current 2.4 GW); further expansion to 5–5.5 GW possible with latest technology post-FY28 as utilization tightens by H2 FY28 ▫️Cell line (2.2 GW): 80–85% captive use for modules, 15–20% sold/bartered for size compatibility (G12R focus) 💠Peers achieve 35–36% EBITDA on cells — company expects similar, targeting conservative company-wide EBITDA of ~25% (PAT >16% on cells) post-integration. ▫️Long-term vision: ₹10,000 Cr revenue by FY2030 through full backward integration. 💠 5 GW solar glass 5 GW ingot/wafer by FY2030 (phased); pilot 200 MW ingot/wafer by April 2027, scaling to 2.5 GW by June 2028 (timed with ALMM List 3). 💠Aluminum frames expanding 2–3x via internal accruals ▫️ Policy-driven decoupling: ALMM List 2 (cells) from June 2026 and List 3 (wafers/ingots) from 2028 provide tailwinds; full vertical integration (modules cells frames glass wafers/ingots) positions Alpex as a resilient, high-margin player insulated from Chinese imports and price volatility. 👉 Current Order Book / Projects and Future Pipeline ▫️ Order book of ~₹1,900 Cr; management selectively not booking more orders to prioritize cell line ramp and higher-margin opportunities. 💠 Recent wins: ₹215 Cr high-efficiency module order (Jan 2026, 6-month execution) ₹41 Cr solar water pumps order from MSEDCL (April 2026). 💠 DCR vs non-DCR mix: Operating in both markets; Q4 saw higher DCR execution (reflected in portal data), with prices expected to strengthen further post-ALMM List 2 implementation in June 2026 ▫️ Pipeline remains strong due to domestic demand, government thrust on Aatmanirbhar solar manufacturing, and captive/utility-scale projects. ▫️Cell line will significantly boost order book and execution in FY27. 💠 Kosi integrated campus (9 lakh sq ft) on track — houses cell module lines aluminum frames; additional land parcels (incl. 21 acres in Madhya Pradesh) earmarked for future growth. 💠SAP rollout enhances real-time visibility across procurement, inventory, and distribution. 👉 Other Notable Points ▫️FY26 performance: 💠Margins expanded significantly over 4 years despite temporary Q3–Q4 pressures (glass/raw material shortages due to geopolitics freight spikes). 💠Large inventory (₹316 Cr) provided buffer. ▫️Backward integration momentum: 💠Aluminum frames already in-house; cell plant combines two phases into one for faster commercialization. 💠Future glass/wafer/ingot plants will drive further margin uplift and supply chain security ▫️ Operational strengths: 20 years experience, 7 manufacturing units (mostly Uttar Pradesh-focused for cluster advantages), 26K solar pumps installed, marquee clientele (PSUs corporates like Tata, NTPC, Luminous, etc.), and global ranking (26 worldwide PV manufacturer, 8 in India). ▫️Exports: 💠Minimal focus currently (domestic demand more rewarding); US/EU experimental only due to duties — future wafer/ingot capacity may open export doors. 💠Shipping freight volatility noted but manageable ▫️Other: 💠Mainboard migration targeted post-Feb 2027 eligibility 💠BESS under evaluation (contingent on domestic cell policy) 💠Perovskite remains experimental/R&D — not near-term focus (TOPCon future tandem roadmap preferred). 💠Management emphasizes under-promise/over-deliver culture, technology evolution, and that only serious integrated players will thrive amid industry consolidation. ▫️ Balance sheet and execution: 💠Prudent capex funding (internal accruals for initial phases), and emphasis on quality, automation, and training for stable high-efficiency output (up to 25.5% cells).

SME Investors Interactions 25/05/2026 15:00 STARIMAGIN - Investor Meet 25/05/2026 18:00 ALPEXSOLAR - Investor Meet 25/05/2026 11:00 GCHOTELS - Earnings Call 25/05/2026 12:00 FORCAS - Earnings Call 25/05/2026 14:00 ACLD - Earnings Call 25/05/2026 14:00 GTIL - Earnings Call 25/05/2026 14:00 ALPEXSOLAR - Earnings Call 25/05/2026 15:00 UTSSAV - Earnings Call 25/05/2026 16:00 RADIOWALLA - Earnings Call 25/05/2026 16:00 MARUSHIKA - Earnings Call 25/05/2026 16:00 NAMOEWASTE - Earnings Call 25/05/2026 16:00 TAKYON - Earnings Call 25/05/2026 16:00 ASARFI - Earnings Call 25/05/2026 16:00 UML - Earnings Call 26/05/2026 PARTH - Investor Meet 26/05/2026 MSAFE - Analyst Meet 26/05/2026 11:00 SATECH - Earnings Call 26/05/2026 15:00 SHREEREF - Earnings Call 26/05/2026 15:30 CHETANA - Earnings Call 26/05/2026 16:00 KIAASA - Earnings Call 26/05/2026 16:30 COSMICCRF - Earnings Call 26/05/2026 17:00 BLUEWATER - Earnings Call 27/05/2026 14:00 K2INFRA - Investor Meet 27/05/2026 16:00 TECHD - Analyst Meet 27/05/2026 11:00 APS - Earnings Call 27/05/2026 14:00 EMMFORCE - Earnings Call 27/05/2026 15:00 MADHUSUDAN - Earnings Call 27/05/2026 15:00 TIPCO - Earnings Call 27/05/2026 16:00 DCCL - Earnings Call 27/05/2026 16:00 ANONDITA - Earnings Call 27/05/2026 16:00 CURRENT - Earnings Call 27/05/2026 16:00 ASARFI - Earnings Call 27/05/2026 16:00 KONSTELEC - Earnings Call 27/05/2026 16:00 NISUS - Earnings Call 27/05/2026 16:30 FINBUD - Earnings Call 27/05/2026 17:00 ARHAM - Earnings Call 27/05/2026 15:00 SHREEREF - Conference 28/05/2026 11:00 SATTVAENGG - Investor Meet 29/05/2026 11:00 SAHASRA - Investor Meet 29/05/2026 16:00 RIKHAV - Investor Meet 29/05/2026 11:30 GGBL - Analyst Meet 29/05/2026 12:45 SSEGL - Earnings Call 29/05/2026 15:00 MCON - Earnings Call 29/05/2026 16:00 SKP - Earnings Call 29/05/2026 16:00 SKM - Earnings Call 30/05/2026 15:00 ENVIRO - Earnings Call 01/06/2026 16:00 SELLOWRAP - Investor Meet 01/06/2026 14:00 SHUBHSHREE - Earnings Call 02/06/2026 14:30 SUPREMEPWR - Earnings Call 04/06/2026 16:00 KHAZANCHI - Earnings Call 05/06/2026 12:00 NISMGMT - Earnings Call

📢 Alpex Solar Ltd ✅Sales Grew YoY 105%🚀 ✅PAT Grew YoY. 50%🚀 ✅EPS Grew YoY 45%🚀 #Q4FY26 #AlpexSolar

**SME News Bulletin 2026-05-22** [Company Performance and Financial Results] #ALPEXSOLAR - Alpex Solar Posts Strong Q4 & FY26 Results, Driven by Healthy Order Book and Execution Momentum #APS - Australian Premium Solar (India) Limited reports financial results for period ending March 31, 2026 #GGBL - Ganesh Green Bharat Limited Releases Financial Results for Half Year and Year Ended March 2026 #UWCSL - Ultra Wiring Connectivity System Limited Reports Financial Results for Q1 2026 #GCHOTELS - Grand Continent Hotels Limited Reports Financial Results for Q1 2026 #RADIOWALLA - Radiowalla Network Limited reports financial results for period ending March 31, 2026 #MEGAFLEX - Mega Flex Plastics Limited Reports Financial Results for Q1 2026 #ASHALOG - Ashapura Logistics Limited reports financial results for period ending March 31, 2026 #ANONDITA - Anondita Medicare Limited reports financial results for period ending March 31, 2026 [New Orders and Contracts] #FELIX - Felix Industries Limited Secures New Orders and Contracts #SIYARAM - Siyaram Recycling Secures Rs. 2,63,90,287 Order from Saanvi Metal Craft #KESAR - Kkeessaarr India Limited Secures ₹116600 Crore EPCC Contract in Central Mumbai #KONSTELEC - Konstelec Engineers Confirmed as L1 Stage Successful Bidder #K2INFRA - K2 Infragen Limited Secures New Orders/Contracts #MASTER - Master Components Limited Secures New Orders/Contracts #KONSTELEC - Konstelec Engineers Wins ₹165.85 Crores Projects in Defence and Refinery Sectors [Corporate Announcements and Updates] #VIVIANA - Viviana Power Tech Ltd. approved for migration from SME platform to main board #JALAN - Jalan Transolutions appoints scrutinizer for postal ballot #BMETRICS - Bombay Metrics Supply Chain Limited Releases Financial Results for Six Months Ending March 31, 2026 #JAINAM - Jainam Ferro Alloys (I) Limited Starts Commercial Production of 20.7 MWp AC / 27 MWp DC Solar Power Plant #ASHALOG - Ashapura Logistics Board Meeting Outcome May Impact Future Plans #ASPIRE - Aspire & Innovative Advertising Limited Announces Cessation of Non-Executive Independent Director #DUCOL - Ducol Organics & Colours Limited Provides General Updates to Exchange #QUICKTOUCH - QuickTouch Technologies Limited Provides General Updates to Exchange #PROV - Proventus Agrocom Limited discloses transcript to exchange #PURVFLEXI - Purv Flexipack Clarifies Typographical Error in Earlier Intimation #TAC - TAC Infosec Limited awaits response on clarification sought by exchange for Q1 2026 #FONEBOX - Fonebox Retail Limited announces change in director(s) [Acquisitions and Investments] #DUCOL - Ducol Organics & Colours Acquires Majority Stake in Xchem Polymers India #FONEBOX - Fonebox Retail Acquires NWOM Retailers for 100% Equity Shares #FONEBOX - Fonebox Retail approves preferential issue of 30,00,000 shares for acquisition #FONEBOX - Fonebox Retail Limited Acquires 100% Equity Share Capital of NWOM Retailers Private Limited [Appointments and Brand Ambassador] #ARHAM - Arham Technologies Ltd appoints Vicky Kaushal as brand ambassador to deepen connect across India

ALPEX SOLAR LTD - IMPORTANT SLIDES FROM PPT -An Integrated solar manufacturer with 3.6 GW of Modules by FY27 and 2.2 GW of G12R TOPCon Cells (3 Generation) Solar cell plant, to commece in next 90 days. - Strong manufacturing expansion roadmap with targets of 3.6 GW solar module capacity by FY27, 5 GW solar glass capacity by FY30, and 5 GW wafers & ingots capacity by FY30. #Alpexsolar

Alpex solar - SME 👉Understand the journey from 1300 to 660 than again to 1200 #ALPEXSOLAR

Inv PPT/Press release snippets 21/5/2026 Datamatics (#Datamatics) Wakefit Innovations (#Wakefit) Laxmi Dental (#LaxmiDntl) Alpex Solar(#AlpexSolar) Hindustan Foods(#HndFds) Happy Forge (#HappyForgings) Datamatics Global #Datamatics Good Q4FY26 with healthy margin expansion OPM reaches 21% in Q4 Finishes FY26 on a high note Record quarter and record year Rev at 519cr vs 497cr EBITDA at 111cr vs 75cr⏫48% YoY ⏫15% QoQ OPM at 21.3% vs 15%⏫630bps Q3 at 18.9% EBIT at 88cr⏫61% YoY ⏫18.5% QoQ PBT at 98cr⏫77% YoY ⏫20% QoQ Seeing enhanced customer interest for AI solutions which has translated into recent wins Expects to sustain similar growth momentum in FY27 Wakefit Innovations #Wakefit Continues to remain profitable Good Q4FY26 with big margin expansion QoQ isn't comparable due to seasonality in the business with Q3 being the festive quarter Mid double digit revenue growth Big margin expansion PBT and PAT positive Rev at 344cr⏫14% Gross profit at 192cr with 56% margin EBITDA at 36cr⏫511% OPM at 10.6% vs 2% Retail channel revenue growth at 35% Laxmi Dental #LaxmiDental #LaxmiDntl After struggling for many quarters post listing, delivers a quarter of allround beat Good QoQ and YoY uptick across all parameters Margins expand well Highest ever quarter Rev at 74cr⏫22% YoY ⏫12% QoQ Gross profit margins at 70.5% Core dental business gross margin at 76% EBITDA at 13.5cr⏫42% YoY ⏫94% QoQ OPM at 18.3% vs 15.7%⏫260bp PBT at 11.4cr⏫99% YoY ⏫145% QoQ PAT at 10cr⏫136% YoY ⏫415% QoQ Alpex Solar #Alpex #AlpexSolar Good Q4FY26 and excellent record FY26 Ends FY26 with 280cr PBT and 200 cr PAT Which is more than 120% growth Finally 2.2 GW cell capacity to commence operations in next 3 months Was built from.scratch in record 15 months Manged OPM better despite softer module prices and lower realizations Managed to hold on to 16-17% OPM and 8-9% NPM amidst volatility Expects margins to improve further once cell facility starts operations G12R TopCON solar cell 3rd generation manufacturing facility with 2.2 GW capacity Plans for next 4 years: Solar glass manufacturing with 5GW Ingot and wafer manufacturing with 5GW Hindustan Foods #HndFds #HindFoods Growth phase accelerates Record numbers Highest ever revenue, EBITDA, PBT and PAT Almost 30% EBITDA growth 40% PBT growth 30% PAT growth Well positioned for accelerated growth in FY27 Q4FY26 : Rev at 1120cr⏫17% EBITDA at 104cr⏫28% PBT at 58cr⏫40% PAT at 42cr⏫32% Capex and investments: 50cr to set up bottled water plant in South India Q3FY27 commisioning 50cr to set up ice cream manufacturing in North India Q3FY27 commisioning 50cr to set up detergent bars facility in Lucknow Q3FY27 commisioning Happy Forgings #HappyForge #HqppyForgings Record Q4FY26 with big margin expansion OPM crosses 31% Volumes ⏫21% Revenue ⏫20% EBITDA ⏫30% PAT ⏫24% EBITDA at 133cr vs 102cr⏫30% OPM at 31.5% vs 29.1%

Alpex Solar (#ALPEXSOLAR) YoY growth: 🔹 Revenue: ₹2,223 Cr (Up 2.85x) 🔹 PAT: ₹201.5 Cr (Up 2.41x)  Catalysts: 2.2GW Cell plant live in 90 days! ⚡️ Plus, a 5GW Solar Glass & 5GW Ingot/Wafer roadmap (100MW pilot Q1 FY28). Full integration. 🇮🇳☀️ #FinTwit

2. #alpexsolar Breakout and retest on daily tf #trading

SME Investors Interactions 22/05/2026 11:00 PRIMECAB - Investor Meet 22/05/2026 17:00 E2ERAIL - Investor Meet 22/05/2026 SMARTEN - Earnings Call 22/05/2026 14:00 NEOCHEM - Earnings Call 22/05/2026 15:00 TRUECOLORS - Earnings Call 22/05/2026 16:00 INFLUX - Earnings Call 22/05/2026 16:00 INDOSMC - Earnings Call 22/05/2026 16:30 FROG - Earnings Call 22/05/2026 17:00 SMARTEN - Earnings Call 23/05/2026 11:00 AVPINFRA - Earnings Call 23/05/2026 15:00 ENVIRO - Earnings Call 25/05/2026 15:00 STARIMAGIN - Investor Meet 25/05/2026 18:00 ALPEXSOLAR - Investor Meet 25/05/2026 11:00 GCHOTELS - Earnings Call 25/05/2026 12:00 FORCAS - Earnings Call 25/05/2026 14:00 ACLD - Earnings Call 25/05/2026 14:00 GTIL - Earnings Call 25/05/2026 15:00 UTSSAV - Earnings Call 25/05/2026 16:00 RADIOWALLA - Earnings Call 25/05/2026 16:00 MARUSHIKA - Earnings Call 25/05/2026 16:00 NAMOEWASTE - Earnings Call 25/05/2026 16:00 TAKYON - Earnings Call 25/05/2026 16:00 ASARFI - Earnings Call 25/05/2026 16:00 UML - Earnings Call 26/05/2026 MSAFE - Analyst Meet 26/05/2026 11:00 SATECH - Earnings Call 26/05/2026 15:00 SHREEREF - Earnings Call 26/05/2026 15:30 CHETANA - Earnings Call 26/05/2026 16:00 KIAASA - Earnings Call 26/05/2026 16:30 COSMICCRF - Earnings Call 26/05/2026 17:00 BLUEWATER - Earnings Call 27/05/2026 14:00 K2INFRA - Investor Meet 27/05/2026 11:00 APS - Earnings Call 27/05/2026 14:00 EMMFORCE - Earnings Call 27/05/2026 16:00 DCCL - Earnings Call 27/05/2026 16:00 ANONDITA - Earnings Call 27/05/2026 16:00 CURRENT - Earnings Call 27/05/2026 16:00 ASARFI - Earnings Call 29/05/2026 16:00 RIKHAV - Investor Meet 01/06/2026 16:00 SELLOWRAP - Investor Meet 05/06/2026 12:00 NISMGMT - Earnings Call

@alpexsolar I haven't received q4fy26 con call invite till now. If you are doing it in person, not all can travel to Mumbai. You should think of minority shareholders too. Let us attend through virtual. @GoldTrader148 please repost or tag others to reach the promoter

COMPANY TOADY #Q4FY26 RESULT STATUS TILL 9:15PM ☑️🔈 ( 21-MAY-2026 ) 1.𝙎𝙊𝙇𝙄𝘿 𝙍𝙀𝙎𝙐𝙇𝙏 𝙎𝙏𝘼𝙏𝙐𝙎📊 🟢#JSWCEMENT 🟢#GGBL 🟢#CENTENKA 🟢#NYKAA 🟢#ABSMARINE 🟢#SHANTIGOLD 🟢#HONASA 🟢#MUFIN 2.𝙂𝙊𝙊𝘿 𝙍𝙀𝙎𝙐𝙇𝙏 𝙎𝙏𝘼𝙏𝙐𝙎 📊 🔹#VINCOFFEE 🔹#SANDHAR 🔹#BODALCHEM 🔹#LICI 🔹#SCPL 🔹#RCF 🔹#HNDFDS 🔹#HAPPYFORGE 🔹#WABAG 🔹#ALPEXSOLAR 4.𝘿𝙀𝘾𝙀𝙉𝙏/ 𝘼𝙑𝙀𝙍𝘼𝙂𝙀 𝙍𝙀𝙎𝙐𝙇𝙏/𝙁𝙇𝘼𝙏/ 𝙈𝙐𝙏𝙀𝘿 𝙎𝙏𝘼𝙏𝙐𝙎 📊 🔷#GANECOS 🔷#AUROPHARMA 🔷#ITDC 🔷#DATAMATICS 🔷#LGEINDIA 🔷#GAIL 🔷#GMRPOWER 🔷#WELCORP 🔷#LUXIND

☀️ Alpex Solar Ltd. delivers a strong Q4FY26 performance with revenue more than doubling YoY 🚀📈 💰 Revenue: ₹671.96 Cr vs ₹327.39 Cr ⬆️ 105.25% YoY | 3.68% QoQ ⚙️ EBITDA: ₹88.87 Cr vs ₹53.89 Cr ⬆️ 64.89% YoY | -1.70% QoQ 📊 EBITDA Margin at 13.23% (vs 16.46% YoY & 13.95% QoQ) 💵 PAT: ₹53.27 Cr vs ₹35.32 Cr ⬆️ 50.84% YoY | -1.84% QoQ ➕ Other Income: ₹3.92 Cr vs ₹0.92 Cr YoY & ₹0.96 Cr QoQ 📌 Exceptional Loss: ▪️ Q3FY26: ₹0.93 Cr ▪️ Q4FY25: ₹0.18 Cr #AlpexSolar #Q4Results #Q4FY26 #SolarStocks #RenewableEnergy #SMEStocks #StockMarket #Nifty #IndianMarkets

Good #Q4FY26-21/5/26 from 5pm till 7pm Datamatics Global #Datamatics OPM expands to 21% Good QoQ and YoY uptick across all parameters Rev at 529cr vs 497cr, Q3 at 510cr EBITDA at 110cr vs 75cr, Q3 at 96cr PBT at 98cr vs 56cr, Q3 at 82cr OCF at 380cr vs 231cr FSN E Commerce Ventures #Nykaa Solid Q4FY26 with good margin expansion QoQ isn't comparable as Q3 is a peak festive qtr Rev at 2648cr vs 2062cr, Q3 at 2873cr EBITDA ⏫67% at 223cr with OPM at 8.4% PBT at 122cr vs 40cr, Q3 at 126cr PAT at 79cr vs 19cr, Q3 at 68cr OCF at 644cr vs 467cr Hindustan Foods #HindFoods #HindustanFoods Good Q4FY26 Solid, consistent growth every quarter Good QoQ and YoY uptick across all parameters are Rev at 1117cr vs 959cr, Q3 at 1044cr PBT at 58cr vs 41cr, Q3 at 52cr PAT at 42cr vs 32cr, Q3 at 39cr OCF at 100cr vs 118cr Happy Forgings #HappyForgings Good QoQ and YoY uptick across all parameters Highest ever set Rev at 424cr vs 351cr, Q3 at 391cr Other income at 6cr vs 10cr EBITDA at 133cr vs 102cr with OPM at 31.4% vs 29.6% PBT at 111cr vs 86cr, Q3 at 102cr PAT at 84cr vs 64cr, Q3 at 77cr OCF at 444cr vs 292cr Alpex Solar #AlpexSolar Good Q4FY26, good FY26 200 cr PAT in FY26 Some margin contraction QoQ Rev at 672cr vs 327cr, Q3 at 648cr PBT at 74cr vs 50cr, Q3 at 78cr PAT at 53cr vs 35cr, Q3 at 54cr FY26 PBT at 281cr vs 112cr FY26 PAT at 202cr vs 83cr OCF at -115cr vs 69cr Inventory at 359cr vs 102cr 2.2GW cell going live in next 3 months ABS Marine Services #ABSMarine Blockbuster H2FY26 Big growth vs H1FY26 and H2FY25 Rev at 183cr vs 100cr, H1 at 136cr PBT at 54cr vs 26cr, H1 at 33cr PAT at 49cr vs 19cr, H1 at 31cr FY26 PAT at 81cr vs 27cr OCF at 167cr vs 45cr🔥 Shanti Gold International #ShantiGold Solid Q4FY26 Big QoQ and YoY uptick across all parameters Rev at 659cr vs 297cr, Q3 at 637cr PBT at 64cr vs 15cr, Q3 at 40cr PAT at 52cr vs 9cr, Q3 at 31cr FY26 PAT at 140cr vs 54cr Inventory at 347cr vs 133cr OCF at -260cr Honasa Consumer #Honasa #HonasaConsumer Solid Q4FY26 Good QoQ and YoY uptick across all parameters Rev at 657cr vs 533cr, Q3 at 602cr PBT at 82cr vs 32cr, Q3 at 72cr PAT at 69cr vs 25cr, Q3 at 50cr OCF at 141cr vs 102cr VA Tech Wabag #Wabag Rev at 1414cr vs 1156cr, Q3 at 961cr EBITDA ⏫12% PBT at 171cr vs 129cr, Q3 at 125cr PAT at 128cr vs 100cr, Q3 at 92cr OCF at 203cr vs 421cr Dr Agarwals Healthcare #AgarwalHealth Rev at 564cr vs 460cr, Q3 at 530cr PBT at 75cr vs 61cr, Q3 at 65cr PAT at 50cr vs 42cr, Q3 at 44cr OCF at 519cr vs 357cr Max Healthcare #MaxHealth Rev at 2143cr vs 1909cr, Q3 at 2067cr PBT at 464cr vs 403cr, Q3 at 413cr PAT at 342cr vs 319cr, Q3 at 300cr Higher tax amount paid this qtr OCF at 1633cr vs 1438cr LIC #LIC Premium income ⏫12% PBT at 23403cr vs 19012cr, Q3 at 12897cr Prime Cables #PrimeCab Rev at 144cr vs 85cr, H1 at 91cr PBT at 11.5cr vs 6.7cr, H1 at 7cr PAT at 7cr vs 5cr, H1 at 5cr OCF at -13cr vs 3cr Mufin Green Finance #Mufin Solid QoQ and YoY uptick across all parameters Rev at 65cr vs 50cr, Q3 at 53cr PBT at 15cr vs 4cr, Q3 at 9cr PAT at 11cr vs 3cr, Q3 at 7cr OCCL #OCCL Rev at 149cr vs 107cr, Q3 at 114cr PBT at 16cr vs 11cr, Q3 at 12cr PAT at 19cr vs 9cr, Q3 at 7cr Tax benefita this qtr OCF at -17cr vs -26cr BDH Industries #BDH Rev at 29cr vs 18cr, Q3 at 29cr PBT at 4.6cr vs 3.4cr,flat QoQ OCF at -2cr vs 15cr United Drilling Tools #UnitedDrilling Rev at 43cr vs 31cr, Q3 at 51cr PBT at 7cr vs 3.8cr, Q3 at 7.5cr OCF at 39cr vs 9cr UFO Moviz #UFO Rev at 133cr vs 93cr, Q3 at 131cr PBT at 7cr vs 1cr, Q3 at 10cr OCF at 58cr vs 50cr Decent: #Welcorp Sharp margin contraction QoQ Rev at 4312cr vs 3925cr, Q3 at 4532cr PBT at 397cr vs 327cr, Q3 at 502cr OCF at 3204cr vs 1504cr #GMMPfaudler Rev at 943cr vs 807cr, Q3 at 884cr Other income at 18cr vs -5cr PBT at 35cr vs 13cr, Q3 at 39cr #IXIGO 10cr higher other income,else flattish #Transcorp Rev down PBT at 5.4cr vs 1.9cr, Q3 at 2.3cr

Alpex Solar Limited (SME) Q4FY26 Results:- #Q4Results #Q4FY26 #Stockmarket #Nifty #Alpexsolar Revenue 671.96 Cr vs 327.39 Cr ( 105.25% YoY┃ 3.68% QoQ) EBITDA 88.87 Cr vs 53.89 Cr ( 64.89% YoY ┃-1.70% QoQ) EBITDA Margin 13.23% vs 16.46% YoY & 13.95% QoQ PBT Ex-Exceptional Items 73.74 Cr vs 49.52 Cr ( 48.91% YoY┃-5.86% QoQ) PAT 53.27 Cr vs 35.32 Cr ( 50.84% YoY┃-1.84% QoQ) PAT After Minority interest 53.26 Cr vs 35.32 Cr ( 50.81% YoY┃-1.84% QoQ) Other Income 3.92 Cr vs 0.92 Cr YoY & 0.96 Cr QoQ Last Q3 Exceptional loss of 0.93 Cr In Q4FY25 Exceptional loss of 0.18 Cr