ALFA Finder| Revenue growth | Q2 revenue +114.6% YoY; H1 +89.6%; no one-offs disclosed. |
|---|---|
| Margins | H1 EBITDA margin ~35%; guided to moderate with new capex. |
| Order book | ₹1,280 Cr at Q2 end; near-term execution visibility; no peer comparison. |
| Demand visibility | Cell shortage persists; ALMM-II supports domestic demand; India added 20.8 GW H1. |
| Management confidence | Balanced-optimistic; evasive on FY28-29 margins and EPC revenue. |
Growth
Q2 revenue +114.6%, EBITDA +77.3%, PAT +73.2%: EBITDA lagging revenue signals margin compression. H1 revenue +89.6%, EBITDA +44.4%.
Outlook
2 GW TOPCon phase 1 by Q3 FY28; ₹1,350 Cr capex; 600 MW to 750 MW TOPCon conversion by March 2027.
Risks
Margin moderation guided as capex lands; module utilisation only 68%; 70:30 debt-led funding for expansion.
Last quarter's promises, checked
Delivered
- Guided ~34% EBITDA margin held for 1-2 yrs → H1 ~35% (= BEAT)
Partly delivered
- Guided ~92% cell utilisation held → 91% (= PARTIAL)
- Guided ₹1,278 Cr order book with 'healthy visibility' → ₹1,280 Cr, flat (= PARTIAL)
Missed
- Guided ~81% module utilisation (near full run-rate) → 68% (= MISS)
- Guided Phase-1 trial ~Jun-Jul 2027 (equipment Apr-May + 2-mo trial, no timeline change) → trial run by Q3 FY28 (= 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
- ₹71.89
- Market cap
- ₹3,121 Cr
- Revenue (annual)
- ₹1,049 Cr
- Net profit (annual)
- ₹303.0 Cr
- P/E (TTM)
- 9.0×Sector 43.8×
- 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 Results Update
Websol's Q2FY27 revenue rose 114.6% to ₹361 Crore and PAT rose 73.2% to ₹80 Crore. It also secured land for a planned 4 GW cell plant.
Websol Energy Systems Acquisition Worth ₹8 Cr
Websol Energy will buy a 40% stake in Bright Earth Cell for Rs.8 Crore cash, making it an associate. The target has not yet started operations.
- Value
- ₹8.00 Cr
Websol Energy Systems Q2 FY27 Results: Net Profit ₹80.2 Cr, Up 73.2% YoY
Websol Energy Systems Ltd reported revenue from operations of ₹361 Cr (+114.6% YoY) and net profit of ₹80.2 Cr (+73.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹80.2 Cr · +73.2% YoY
Websol Energy Systems Management Change
Websol Energy System Ltd has appointed Mr. Vinay Vyas as the Chief Executive Officer of its wholly-owned subsidiary, Websol Renewables Private Limited.
Websol Energy Systems Board Meeting Date
Websol Energy's Board is scheduled for Nov 4, 2026 to approve Q2/H1 FY27 results. Trading window remains closed through Nov 6, 2026.
Websol Energy Systems Share Pledge
Promoter Sohan Lal Agarwal and group entities released previously encumbered shares of Websol Energy System Ltd on 10th September 2026.