Nextracker’s quarterly revenue rises 19% year-on-year

PV Tech

Will Norman – Solar tracker supplier Nextracker has reported a 19% rise in year-on-year revenues for the first quarter of its 2024 fiscal year (FY) to US$479.5 million.

In this quarter, the company recorded net income of US$63.6 million, up from US$55.9 million in the previous three-month period. Adjusted EBITDA of US$83.7 million was up from US$72.5 million on the previous quarter and up 161% YoY.

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