Kolkata: Websol Energy System Limited, (“Websol” or the “Company”) (BSE: 517498; NSE: WEBELSOLAR), one of the leading manufacturers of high-efficiency solar cells and solar modules in India, announced its audited financial results for the quarter and full year ended 31st March 2026.
The solar energy pioneer, announced a PAT of Rs. 125 crore for Q4FY26 as compared to Rs. 48 crore in Q4FY25, a jump of 157.9%. Revenue for the quarter stood at Rs. 401 crore, as against Rs. 173 crore during the same quarter of last fiscal, a rise of 132.1%. EBITDA margin for Q4FY26 stood at 36.4%.
The company’s full year PAT stood at Rs. 303 crore, up 95.8% as compared to Rs. 155 crore for FY25. Revenue for FY26 was at Rs. 1,049 crore, a growth of 82.4% as against Rs. 575 crore in FY25. EBITDA margin for FY26 was at 40.8%, against 43.9% in FY25.
Business Highlights for Q4FY26:
- The Company has initiated the upgrade of one Mono PERC cell line to Topcon. Post commissioning of this capacity, overall cell capacity will increase to 1.35 GW.
- Cell Line – 2 successfully ramped up – Overall Cell Capacity utilization remained above 90%; Module Line utilization recorded at 74%.
- The Company turned net cash surplus as of March 31, 2026, with total debt of Rs. 118 crore, cash & cash equivalents of Rs. 152 crore and net cash of Rs. 34 crore.
- The Company maintains a strong order book of Rs. 1,161 crore as of March 31, 2026.
Sohan Lal Agarwal, Managing Director said: “FY26 has been a landmark year for Websol. The commissioning of Cell Line-2 has not only enhanced our capacity but also reinforced the core strength of the business. Additionally, we are upgrading one of our existing Mono PERC cell lines to Topcon technology. This will raise our total cell capacity to 1.35 GW and act as an important milestone towards our upcoming integrated 2 GW cell and module facility.
Our Q4 and full-year performance are the result of several deliberate efforts — managing working capital prudently, improving capacity utilisation, maintaining cost discipline and executing with consistency. This has led to record revenue and profitability, stronger cash flows and better operating efficiency.
As we move toward full run-rate utilisation, our focus remains — get the most out of the expanded capacity, move ahead on backward integration, and prepare responsibly for the next phase of growth. We remain mindful that this sector is witnessing significant opportunity, and our effort is to be part of this journey with clarity and discipline.”
