Indosolar share price slipped 5 percent in the opening trade on January 19 despite company reporting a strong year-on-year performance, with net profit rising sharply to Rs 41.5 crore from Rs 10.2 crore in the corresponding period last year, supported by robust revenue growth and margin expansion.
At 09:22am, Indosolar was quoting at Rs 441.50, down Rs 23.20, or 4.99 percent, on the BSE.
Revenue surged 93.7 percent YoY to Rs 200 crore against Rs 103 crore.
Earnings Before Interest, TAx, Depreciation and Amortizations (EBITDA) jumped more than three-fold to Rs 71 crore, while EBITDA margin expanded to 35.5 percent from 22.7 percent a year ago.
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Amit Paithankar has resigned from the position of Chief Executive Officer of the company with effect from January 16. The board has appointed Jignesh Rathod as Chief Executive Officer with effect from January 1.
In the previous trading session, the share closed at Rs 464.70, down Rs 22.35, or 4.59 percent.
The share touched a 52-week high of Rs 725.00 and a 52-week low of Rs 165.06 on 13 October, 2025 and 19 June, 2025, respectively.
Currently, the stock is trading 35.9 percent below its 52-week high and 181.53 percent above its 52-week low.
The market capitalisation of the company stands at Rs 1,933.32 crore.
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