Websol Energy System Reports Strong Growth, Posts 157.9% Jump in PAT for Q4FY26

Websol Energy System Reports Strong Growth, Posts 157.9% Jump in PAT for Q4FY26​

Websol Energy System Limited, a prominent manufacturer of high-efficiency solar cells and modules in India, has reported its audited financial results for the quarter and full year ended March 31, 2026. The company announced that its net profit (PAT) for Q4FY26 stood at Rs. 125 crore, representing a significant jump of 157.9% compared to Rs. 48 crore recorded in Q4FY25.

For the quarter, the company's revenue reached Rs. 401 crore, marking a 132.1% increase from the Rs. 173 crore recorded in the corresponding quarter last fiscal year.

Full Year and Quarterly Performance Metrics​

The financial data shows robust year-over-year growth across key metrics. For the full fiscal year 2026 (FY26), the company reported a revenue of Rs. 1,049 crore, achieving an 82.4% growth compared to FY25's Rs. 575 crore. Similarly, the full year PAT grew 95.8% to Rs. 303 crore, up from Rs. 155 crore in FY25.

The following table provides a detailed comparison of the company's financial performance across key periods:

Operational Milestones and Financial Health​

Websol Energy highlighted several operational improvements. The company successfully ramped up Cell Line-2, while overall cell capacity utilization remained above 90%, and the module line recorded 74% utilization.

In terms of financial standing, Websol reported a net cash surplus as of March 31, 2026. The company maintained a strong order book valued at Rs. 1,161 crore. Furthermore, the company turned a net cash surplus, citing total debt of Rs. 118 crore against cash and cash equivalents of Rs. 152 crore, resulting in a net cash position of Rs. 34 crore.

Management Comments​

Mr. Sohan Lal Agarwal, Managing Director, commented on the robust performance, stating that FY26 has been a landmark year for Websol. He highlighted that the commissioning of Cell Line-2 significantly enhanced capacity, which was complemented by the upgrade of an existing Mono PERC cell line to Topcon technology.

"This combined effort will raise our total cell capacity to 1.35 GW and serve as an important milestone towards our upcoming integrated 2 GW cell and module facility," Mr. Agarwal noted.

He further attributed the strong Q4 and full-year performance to deliberate efforts including managing working capital prudently, improving capacity utilization, maintaining cost discipline, and executing with consistency, leading to record revenue and profitability.

Company Profile​

Websol Energy System Limited specializes in producing high-efficiency solar cells and modules using advanced Mono PERC technology. The company supplies solar cells primarily within India, supporting module manufacturers to comply with Domestic Content Requirement norms, while its modules are marketed both in India and internationally.

Located at Falta Special Economic Zone in West Bengal, the modernized facility currently operates with a solar cell capacity of 1,200 MW and a module capacity of 550 MW. Websol’s integrated production model enhances supply chain control by manufacturing both cells and modules in-house. The company also maintains that the solar manufacturing sector benefits from strong structural tailwinds, including supportive government policies such as PLI and ALMM, and rising domestic demand for high-efficiency solar products.

WEBELSOLAR Stock Price Movement​

On Monday, Websol Energy System Limited shares edged higher to close at ₹116.39, gaining 5.00% for the day. The equity showed strong conviction, settling at the close with a total traded volume of 12.43 million shares.