Solar Cell Firm Websol Energy’s FY’27 Q2 Net Profit Rises by 73% to Rs 80 Cr

Kolkata: Solar cell and module maker Websol Energy System Ltd has registered a 73.2 per cent year-on-year rise in net profit to Rs 80.21 crore in this fiscal’s second quarter that ended on September 30, the company said in a statement on Thursday.

The company had posted a net profit of Rs 46.32 crore in the corresponding period last fiscal.

Revenue from operations rose by 114.6 per cent to Rs 361.02 crore from Rs 168.22 crore a year ago, the statement said.

EBITDA (Earnings before interest, taxes, depreciation, and amortisation) rose by 77.3 per cent to Rs 128.14 crore from Rs 72.29 crore, while the EBITDA margin narrowed to 35.5 per cent from 43 per cent.

In the first half of the 2026-27 fiscal, revenue stood at Rs 733.62 crore, up 89.6 per cent from Rs 386.97 crore, and net profit rose 39.2 per cent to Rs 158 crore from Rs 113.50 crore.

Solar cell production during the quarter was 255 MW, with capacity utilisation of 91 per cent, while module production was 88 MW at 68 per cent utilisation.

The order book stood at Rs 1,280 crore as of September 30.

During the quarter, the company repaid its outstanding IREDA term loan and secured a 54.20-acre land allotment from the West Bengal government for a greenfield solar cell manufacturing facility at Falta Industrial Park.

The complex will add 4 GW of cell capacity in two phases of 2 GW each.

“Our revenue more than doubled since last year’s same period, while our cell lines operated at 91 per cent utilisation,” Managing Director Sohan Lal Agarwal said.

He said the company’s TOPCon upgrade is progressing, with trial runs targeted by the end of this fiscal.

The board has also approved the company’s entry into EPC, solar independent power production, including solar parks, and energy trading, Agarwal said.

“We believe these initiatives will open new growth opportunities and strengthen Websol’s position in India’s renewable energy sector,” he said.

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