| Revenue growth | 70% YoY increase to INR 373 Cr. |
|---|---|
| Margins | EBITDA margin 34%; lower for modules than cells. |
| Order book | INR 1,278 Cr as of 30 June 2026. |
| Demand visibility | Strong visibility via INR 1,278 Cr confirmed order book. |
| Management confidence | High on executing 4GW expansion in phases. |
Growth
Revenue grew 70% YoY; cell production doubled to 259 MW. Sequential revenue declined 7% due to realization softening and monsoon seasonality.
Outlook
Capex of INR 270 Cr for 1.35GW TOPCon upgrade by March 2027; Phase 3 expansion moved to West Bengal; 4GW total capacity planned.
Risks
EBITDA margin compression (34% vs 47% YoY) from higher module sales; monsoon-related installation slowdowns; volatile silver input costs.
Last quarter's promises, checked
Delivered
- Repay INR 92 Cr IREDA loan & release pledge → Repaid INR 110 Cr (= BEAT)
- Approach full run-rate utilization → Cell production 259 MW / ~90% capacity (= BEAT)
- Complete INR 1,161 Cr order book in one FY → Q1 revenue INR 373 Cr on track (= BEAT)
Partly delivered
- Andhra Pradesh Phase 3 expansion → Relocated to West Bengal for synergies (= PARTIAL)
Missed
- Maintain healthy cell margins → EBITDA margin dropped from 41% to 34% (= MISS)
Earnings Call Transcript filed with BSE, NSE: WEBELSOLAR. Summary written with AI assistance from the document.
Websol Energy Systems Ltd: key numbers
- Share price
- ₹70.36
- Market cap
- ₹3,055 Cr
- Revenue (annual)
- ₹1,049 Cr
- Net profit (annual)
- ₹303.0 Cr
- P/E (TTM)
- 9.7×Sector 45.6×
- Promoter holding
- 29.72%+0.00% QoQ
- FII holding
- 4.17%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Websol Energy Systems Ltd
All →Websol Energy Systems Management Change
Websol Energy System reported multiple board-level changes, including the re-appointment of Ms. Sanjana Khaitan as Executive Director for a 3-year term, effective September 22, 2026.
Websol Energy Systems Capacity Expansion
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- manufacturing capacity
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