Websol Energy System Limited has announced its financial results for the second quarter and first half of Financial Year 2027. The company reported strong growth, with revenues reaching INR 361 crore in Q2 and INR 734 crore for H1 FY27. Key developments include plans for a 4-gigawatt integrated facility in West Bengal and a TOPCon upgrade, aiming to enhance manufacturing capacity and efficiency.
Websol Energy System Reports Strong Q2 FY27 Performance and Expansion Initiatives
Websol Energy System Limited has disclosed its financial and operational performance for the second quarter and the first half of Financial Year 2027, highlighting substantial growth and strategic expansion plans. The company underscored its commitment to increasing manufacturing capabilities and technological advancements within the renewable energy sector.
Financial Highlights for Q2 and H1 FY27
In the second quarter of FY27, Websol Energy achieved a revenue of INR 361 crore, marking a significant year-on-year increase of 114.6%. EBITDA saw a growth of 77.3% to INR 128 crore, while net profit grew by 73.2% to INR 80 crore. For the first half of FY27, revenue reached INR 734 crore, an increase of 89.6% over the previous year. EBITDA for H1 FY27 stood at INR 254 crore, up 44.4%, and net profit increased by 39.2%.
The company also reported a strong cash generation, with INR 244 crore from operations in H1 FY27, compared to INR 137 crore in the corresponding period last year. Significantly, Websol Energy became debt-free with the repayment of its IREDA debt in August, further strengthening its balance sheet.
Strategic Expansion and Technological Upgrades
Websol Energy is embarking on ambitious expansion projects. A key development is the acquisition of land for a 4-gigawatt integrated facility in West Bengal, planned in two phases of 2 gigawatts each. The first phase, costing an estimated INR 1,350 crore, is expected to commence construction after land development and technical evaluations are completed, with trial runs targeted for the third quarter of FY28.
Furthermore, the company is upgrading its existing MonoPERC line to TOPCon technology, increasing its capacity from 600 megawatts to a planned 750 megawatts by the end of the financial year. This upgrade is expected to result in an incremental capacity of 150 megawatts.
The management also touched upon the company’s vision to broaden its presence in the renewable energy value chain, including exploring opportunities in EPC, solar independent power production, solar parks, and energy trading through separate subsidiaries. These initiatives are aimed at positioning Websol Energy as a comprehensive energy solutions provider.
Operational Efficiency and Outlook
On the operational front, the company maintained high utilization rates, with its solar cell line operating at 91% in Q2 FY27, producing over 255 megawatts of cells. The ongoing efforts are focused on driving operational excellence, cost management, and maintaining margins. The order book stood at INR 1,280 crore at the end of Q2 FY27, providing good visibility for near-term execution.
Looking ahead, Websol Energy plans to continue its focus on profitable growth, operational efficiency, and prudent financial management as it progresses with its expansion roadmap.
Source: BSE
