Q1: Websol Profit Jumps 191% to ₹67 Cr; 600 MW Expansion Set for Oct 2025

Websol Energy System Limited, a Kolkata-based manufacturer of solar cells and modules, has reported unaudited financial results for the quarter ended June 30, 2025.

Revenue from operations rose 96% year-on-year to ₹219 crore, compared with ₹112 crore in the same quarter last year. EBITDA for the first quarter stood at ₹104 crore, with a margin of 47.3%, up from ₹44 crore in Q1 FY25. Profit after tax (PAT) reached ₹67 crore, with a margin of 30.4%, compared with ₹23 crore in the year-ago quarter. The firm has been a massive beneficiary of the push for DCR modules since 2023-24, making it one of the biggest tirnaround stories in the sector.

Business Highlights: 

Sharing the business highlight the company mentioned:

• Phase II (600 MW Mono PERC) is on track, and production is expected to commence from October 2025, increasing overall capacity to 1.2 GW

• Phase II expansion funded completely from internal accruals

• More than 90% effective capacity utilization of the existing Cell Line. 

Commenting on the performance, Sohan Lal Agarwal, Managing Director, said, ‘’In Q1 FY2026, we continued to progress in line with our strategic roadmap, supported by sustained demand for high-efficiency solar products across Indian markets. Revenue for the quarter reached Rs. 219 Crore, with an EBITDA margin of 47.3% and a PAT margin of 30.4%."

Sharing the progress made by the company during the quarter, Sohan Lal Agarwal mentioned, "During the quarter, we launched solar kits for the domestic market. The company is also in advanced stages of finalizing agreements with national and regional players, which is expected to generate additional contributions beyond the solar module price. These contracts are aligned with key national initiatives such as the PM-KUSUM Solar Pumps Project and the Domestic Content Requirement (DCR) framework, reinforcing our role in supporting India’s renewable energy ambitions." 

Agarwal also shared details of the projects contributing to the company's growth: "Installation and commissioning of the additional 600 MW solar cell line is nearing completion, with trial production expected in September 2025 and commercial operations anticipated in October 2025. This addition will enhance our total cell manufacturing capacity to 1.2 GW, with meaningful revenue contribution expected from Q3 FY2026."

Expansion Plan

Agarwal also shared expansion plans for the solar cell segment. He said, "In line with our strategic long-term growth vision, we are outlining a comprehensive expansion plan for our solar cell and module manufacturing operations. This phased capacity enhancement is expected to significantly strengthen our integrated manufacturing capabilities and improve economies of scale. Once implemented, it will enable us to address growing domestic demand and explore emerging export opportunities, while delivering competitive, high-quality products to our customers."