Websol Energy Q1 Profit Nearly Triples on Strong Sales

12 Aug 2025 CW Team

Websol Energy System Limited, a leading Indian manufacturer of high-efficiency solar cells and modules, has posted a robust performance for the quarter ended 30 June 2025, with Profit After Tax (PAT) surging 193.7 per cent year-on-year to Rs 670 million. This was driven by strong sales growth, improved margins, and sustained demand for high-efficiency solar products.

Revenue from operations rose 96 per cent year-on-year to Rs 2.19 billion, compared with Rs 1.12 billion in Q1 FY25. EBITDA more than doubled to Rs 1.04 billion from Rs 440 million in the prior-year quarter, with margins improving to 47.3 per cent from 39.4 per cent. PAT margins strengthened to 30.4 per cent from 20.5 per cent.

The company achieved more than 90 per cent effective capacity utilisation of its existing cell line and remains on track with Phase II expansion of a 600 MW Mono PERC line. Trial production is scheduled for September 2025, with commercial operations expected in October 2025, increasing total solar cell manufacturing capacity to 1.2 GW.

Phase II is fully funded through internal accruals, reflecting Websol’s strong financial position. The company also launched solar kits for the domestic market and is finalising agreements with national and regional players to supply products for government initiatives such as the PM-KUSUM Solar Pumps Project and Domestic Content Requirement (DCR) framework.

Managing Director Sohan Lal Agarwal stated that the strong quarterly results align with the company’s long-term strategic roadmap. He added that Websol is committed to innovation, operational excellence, and scaling up capacity to meet India’s renewable energy targets while tapping into emerging export markets.

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