UTLSOLAR Q1 FY27 Guidance vs Delivery (UTLSOLAR Management Mirror)

Q1 FY27 Revenue Reported at Rs 13,457 Million, Against Rs 900 Million Prior Guidance; FY27 Growth Upgraded to 70% YoY on Robust Demand

In the Dec'25 Qtr concall, management targeted minimum sales of 1 GW each for solar panels, inverters, and batteries for FY27. In the Mar'26 Qtr concall, management initiated FY27 revenue growth guidance of 50% YoY, while expecting a quarterly revenue distribution of approximately Rs. 900 million in Q1, Rs. 800 million in Q2, Rs. 800 million in Q3, and Rs. 1,500 million in Q4. As reported in the Jun'26 Qtr Quarterly Financial Results, Q1 FY27 revenue from operations reached Rs. 13,457 million. Consequently, in the Jun'26 Qtr concall, management upgraded its full-year FY27 revenue growth guidance to 70% YoY, citing robust demand and ready manufacturing capacity at Ratlam.