Websol Energy System Limited has approved a significant expansion into the broader solar energy value chain. The company will enter the EPC, Solar IPP, energy trading, and solar park businesses. This includes subscribing to 40% of the equity share capital of Bright Earth Cell Private Limited to engage in energy trading and incorporating wholly-owned subsidiary SPVs for other ventures. The Board also approved the unaudited financial results for the quarter and half-year ended September 30, 2026.
| Particulars | September 30, 2026 (Unaudited) | September 30, 2025 (Unaudited) |
| Revenue from Operations | ₹361.02 crore | ₹168.22 crore |
| Profit before tax | ₹106.58 crore | ₹59.85 crore |
| Net Profit attributable to owners of the company | ₹80.21 crore | ₹46.32 crore |
Strategic Business Expansion
In a move to diversify and enhance its market presence, Websol Energy System Limited’s Board of Directors has approved an expansion into new business areas. This strategic initiative includes entering the EPC (Engineering, Procurement, and Construction), Solar IPP (Independent Power Producer), energy trading, and solar park development sectors. The company aims to capture opportunities across the entire solar energy value chain.
Investment in Bright Earth Cell Private Limited
As part of this expansion, Websol Energy will subscribe to 40% of the equity share capital of Bright Earth Cell Private Limited. This entity will focus on the energy trading business. Additionally, Websol Energy plans to incorporate wholly-owned subsidiary Special Purpose Vehicles (SPVs) to manage its other new business ventures. The company was incorporated on 17th June, 2025 and is exploring power trading opportunities.
Financial Results
The Board also reviewed and approved the unaudited financial results (standalone and consolidated) for the quarter and half-year ended September 30, 2026. For the quarter ended September 30, 2026, the company reported revenue from operations of ₹361.02 crore and profit before tax of ₹106.58 crore. The net profit attributable to owners of the company stood at ₹80.21 crore.
Consolidated Financials
The consolidated financial results include the financials of Websol Energy System Limited and its wholly-owned subsidiary, Websol Renewables Private Limited, incorporated in India from 13th October, 2025. For the half-year ended September 30, 2026, consolidated revenue from operations was ₹733.62 crore with a profit before tax of ₹210.55 crore. The consolidated net profit attributable to owners of the company was ₹158.00 crore.
Independent Auditor’s Review
The unaudited standalone and consolidated financial results have undergone a limited review by the statutory auditors, G.P. Agrawal & Co. The auditor’s report indicated no qualifications on the financial statements for the period ended September 30, 2026.
Future Outlook
The expansion into energy trading and IPP segments signifies Websol Energy’s commitment to growth and diversification within the renewable energy sector. The investment in Bright Earth Cell Private Limited is expected to open new revenue streams and leverage the growing demand for power trading services. The company anticipates completing the subscription of shares in Bright Earth Cell Private Limited within 90 days.
Source: BSE
