Alpex Solar Q4 Result: Profit Rises To Rs 29 Crore In FY24

Alpex Solar has reported multifold jump in standalone net profit to Rs 29.05 crore in the 2023-24 fiscal year, on the back of higher revenues. It had posted a net profit of Rs 3.72 crore in preceding 2022-23 fiscal, the company said in a statement.

The company's operational revenues increased to Rs 404.43 crore, up 121 per cent from Rs 182.69 crore in FY23.

The company's shares were listed on NSE Emerge on Feb. 15, 2024, and raised Rs 74.52 crore for funding growth capex and working capital.