Websol Energy System Limited delivered exceptional financial growth for FY26, reporting a massive 82.4% jump in annual revenue to Rs. 1,049 crore. The company’s focus on capacity expansion and technology upgrades, including the successful commissioning of its second solar cell line, resulted in a 95.8% increase in annual profit to Rs. 303 crore. Websol has also successfully achieved a net cash surplus position, marking a significant financial turnaround.
Record-Breaking Yearly Growth
Websol Energy System Limited has demonstrated a robust financial performance for the fiscal year ended March 31, 2026. Annual revenue reached Rs. 1,049 crore, representing an 82.4% increase over the previous year. The company’s profitability saw even steeper growth, with PAT climbing 95.8% to Rs. 303 crore, while EBITDA surged 69.6% to Rs. 429 crore.
Q4 Performance Highlights
The final quarter, Q4FY26 (Jan-Mar), was particularly strong, with the company reporting quarterly revenue of Rs. 401 crore—a 132.1% increase year-over-year. Quarterly PAT reached Rs. 125 crore, reflecting a massive 157.9% growth compared to the same period last year. These results were supported by strong margins, with a Gross Margin of 52.7% and an EBITDA Margin of 36.4%.
Strategic Expansion and Operational Efficiency
The company’s performance has been driven by its ‘Year of Returning to Power’ strategy. Key operational achievements include:
- Capacity Expansion: Doubled cell capacity to 1.2 GW following the commissioning of a second production line in September 2025.
- High Utilization: Achieved solar cell utilization exceeding 90% and solar module utilization above 70%.
- Technology Transition: Initiated the adoption of Topcon technology to maximize efficiency, with current cell efficiency reaching 23.35%.
- Debt Reduction: The company successfully turned into a net cash surplus entity with a net debt of Rs. (34) crore, significantly strengthening its balance sheet.
Future Outlook
Websol maintains a robust order book of Rs. 1,161 crore as of the close of Q4FY26. The company is actively pursuing a multi-phase growth strategy, including further Topcon upgrades and plans for a 4 GW integrated cell and module facility. By focusing on domestic value chain integration and maintaining ALMM approval, the company remains well-positioned to capitalize on India’s surging renewable energy demand.
Source: BSE
