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Nextracker Reports Strong Q3 FY25 Growth
Jan 31, 2025
Nextracker posted a net profit of $115.28 million in Q3 FY25, marking a 178.48% YoY growth, driven by strong demand for its tracker software. However, consolidated revenue declined 4.37% YoY to $679.36 million.
The company’s EBITDA rose 10.7% to Rs186 million. Over the first nine months of FY25, net profit surged 248.61% YoY to Rs352.37 million, with revenue growing 15.39% YoY to Rs2.03 billion. Nextracker expanded its supply chain across 19 countries and increased its backlog to over Rs4.5 billion.
It launched R&D centers in India and Brazil and partnered with UC Berkeley for solar research. The company also introduced advanced tracking technologies like Hail Pro-75 and TrueCapture. Nextracker sees strong international demand and expects U.S.