Websol Energy System Limited achieved a landmark year in FY26, reporting record-high revenue and net profit. The company saw a 70% growth in EBITDA to INR 429 crore and a 96% surge in PAT to INR 303 crore. Strengthening its balance sheet, Websol turned net cash surplus, reduced debt-to-equity to 0.19 times, and successfully expanded its cell capacity to 1.2 GW, positioning itself for robust growth in the solar energy sector.
Record Financial Performance
Websol Energy System Limited has delivered an exceptional performance for the financial year ending March 31, 2026. The company achieved its highest ever revenue from operations at INR 1,049 crore, marking an 82% increase over the previous year. Profit After Tax (PAT) reached INR 303 crore, a significant 96% rise, while EBITDA stood at INR 429 crore with a strong margin of 41%.
The final quarter, Q4FY26 (January-March), was particularly strong, with revenue at INR 401 crore, EBITDA at INR 146 crore, and PAT at INR 125 crore. This growth is backed by a healthy confirmed order book of INR 1,161 crore as of the end of the fiscal year.
Strategic Capacity Expansion
During the year, Websol successfully doubled its solar cell manufacturing capacity from 600 MW to 1.2 GW. Looking ahead, the company is actively upgrading its existing Mono-PERC lines to advanced TOPCon technology. This transition is expected to be completed by February 2027, taking total cell capacity to 1.35 GW with a target efficiency exceeding 24.5%.
Future Growth and Value Chain
Websol remains committed to a phased expansion plan. The company is actively evaluating its 4 GW integrated cell and module facility in Andhra Pradesh, with a target operational timeline of June 2027. Furthermore, the company is exploring backward integration into ingot and wafer production, aiming to be ready by the June 2028 deadline to align with domestic content requirements.
With high capacity utilization exceeding 90% and a strong focus on maintaining financial discipline, management is confident in the company’s ability to capitalize on the ongoing solar infrastructure boom in India, driven by major schemes like PM-KUSUM and PM Surya Ghar.
Source: BSE
