Websol Energy System Limited has reported a sharp rise in its financial performance for the fourth quarter and full year ended March 31, 2026. It is driven by higher capacity utilisation and improved operational efficiency, the official statement said.
Q4FY26: Revenue and Profit Surge
The company posted a revenue of ₹401 crore in Q4FY26, marking a 132.1 percent year-on-year increase compared to ₹173 crore in the same quarter last year. Profit after tax (PAT) rose significantly to ₹125 crore, up 157.9 percent from ₹48 crore in Q4FY25.
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EBITDA for the quarter stood at ₹146 crore, reflecting an 86.4 percent increase year-on-year, while EBITDA margin was recorded at 36.4 percent. The company also reported earnings per share (EPS) of ₹2.8 for the quarter.
FY26: Consistent Growth Across Metrics
For the full financial year, Websol reported revenue of ₹1,049 crore, registering an 82.4 percent growth over ₹575 crore in FY25. PAT for the year stood at ₹303 crore, nearly doubling from ₹155 crore in the previous fiscal, reflecting a 95.8 percent increase.
EBITDA for FY26 reached ₹429 crore, with a margin of 40.8 percent, compared to 43.9 percent in FY25. The company’s EPS for the year stood at ₹7.0.
Operational Highlights
During the quarter, the company initiated the upgrade of one Mono PERC cell line to Topcon technology. Upon commissioning, this upgrade is expected to increase total cell capacity to 1.35 GW.
Cell Line-2 was successfully ramped up, with overall cell capacity utilisation remaining above 90 percent, while module line utilisation reached 74 percent.
The company also transitioned to a net cash surplus position as of March 31, 2026, with total debt at ₹118 crore and cash and cash equivalents at ₹152 crore, resulting in a net cash position of ₹34 crore.
Additionally, Websol reported a strong order book of ₹1,161 crore at the end of the financial year.
Commenting on the performance, Managing Director Sohan Lal Agarwal 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.” The firm has also re-appointed Mr Agarwal for a further 3 year term.
Agarwal revealed that as the company moves toward full run-rate utilisation, the focus remains on optimum utilisation of expanded capacity and backward integration.
