Websol Energy revenue up 96 per cent in Q1 FY26

19 Aug 2025 CW Team

Financial Highlights

Revenue from operations stood at Rs 2.19 billion, up 96 per cent year-on-year from Rs 1.12 billion in Q1 FY25.
EBITDA reached Rs 1.04 billion with a margin of 47.3 per cent, compared with Rs 440 million and a margin of 39.4 per cent in Q1 FY25.
Profit before tax (PBT) rose to Rs 910 million, an increase of 186 per cent from Rs 320 million in the same quarter last year.
Profit after tax (PAT) came in at Rs 670 million, nearly tripling from Rs 230 million in Q1 FY25. PAT margin improved to 30.4 per cent.
Earnings per share (EPS) grew to Rs 15.9 from Rs 5.4 in Q1 FY25.

Business Highlights

Phase II expansion of 600 MW Mono PERC solar cell capacity is on track, with trial production expected in September 2025 and commercial operations commencing in October 2025. This will double the company’s overall capacity to 1.2 GW.
Expansion is being funded entirely through internal accruals.
More than 90 per cent effective capacity utilisation of the existing cell line was achieved.

Management Commentary

Sohan Lal Agarwal, Managing Director of Websol Energy, said:

“In Q1 FY26, we progressed in line with our strategic roadmap, supported by strong demand for high-efficiency solar products. We achieved revenue of Rs 2.19 billion with an EBITDA margin of 47.3 per cent and a PAT margin of 30.4 per cent.

During the quarter, we launched solar kits for the domestic market and are in advanced stages of finalising agreements with national and regional players. These contracts, aligned with initiatives such as the PM-KUSUM Solar Pumps Project and the Domestic Content Requirement framework, will further strengthen our contribution to India’s renewable energy goals.”

He added that with India targeting 280 GW of installed solar capacity by 2030, demand for advanced solar technologies remains strong. Websol’s expansion plan, once implemented, will strengthen its integrated manufacturing base, improve economies of scale, and enable the company to address both domestic and emerging export opportunities.

Websol Energy System Limited, one of India’s leading manufacturers of high-efficiency solar cells and modules, has announced its unaudited financial results for the quarter ended 30 June 2025, showing strong growth across all metrics.Financial HighlightsRevenue from operations stood at Rs 2.19 billion, up 96 per cent year-on-year from Rs 1.12 billion in Q1 FY25.EBITDA reached Rs 1.04 billion with a margin of 47.3 per cent, compared with Rs 440 million and a margin of 39.4 per cent in Q1 FY25.Profit before tax (PBT) rose to Rs 910 million, an increase of 186 per cent from Rs 320 million in the same quarter last year.Profit after tax (PAT) came in at Rs 670 million, nearly tripling from Rs 230 million in Q1 FY25. PAT margin improved to 30.4 per cent.Earnings per share (EPS) grew to Rs 15.9 from Rs 5.4 in Q1 FY25.Business HighlightsPhase II expansion of 600 MW Mono PERC solar cell capacity is on track, with trial production expected in September 2025 and commercial operations commencing in October 2025. This will double the company’s overall capacity to 1.2 GW.Expansion is being funded entirely through internal accruals.More than 90 per cent effective capacity utilisation of the existing cell line was achieved.Management CommentarySohan Lal Agarwal, Managing Director of Websol Energy, said:“In Q1 FY26, we progressed in line with our strategic roadmap, supported by strong demand for high-efficiency solar products. We achieved revenue of Rs 2.19 billion with an EBITDA margin of 47.3 per cent and a PAT margin of 30.4 per cent.During the quarter, we launched solar kits for the domestic market and are in advanced stages of finalising agreements with national and regional players. These contracts, aligned with initiatives such as the PM-KUSUM Solar Pumps Project and the Domestic Content Requirement framework, will further strengthen our contribution to India’s renewable energy goals.”He added that with India targeting 280 GW of installed solar capacity by 2030, demand for advanced solar technologies remains strong. Websol’s expansion plan, once implemented, will strengthen its integrated manufacturing base, improve economies of scale, and enable the company to address both domestic and emerging export opportunities.

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