Websol Energy System Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Websol Energy System reported Q1 FY27 revenue of INR373 crores, up 70% year-on-year, with EBITDA of INR126 crores and profit after tax of INR78 crores, higher by 21% and 16% respectively. Cell production rose to 259 megawatt at 92% utilization and module production more than doubled to 103 megawatt at 81% utilization, while EBITDA margin declined to 34% from 47% due to a higher share of module sales. Management also disclosed repayment of the entire INR110 crores IREDA term loan from internal accruals on 4th August, the initiation of a TOPCon upgrade on one cell line, and a shift of the planned Phase 3 expansion location from Andhra Pradesh to West Bengal.
Websol reported full-year FY26 revenue of Rs 1,049 crore, up nearly 82%, with EBITDA of Rs 429 crore and PAT of Rs 303 crore. Management said cell capacity was doubled to nearly 1.2 GW during the year following commissioning of cell line 2, and the company turned net cash surplus with debt to equity falling from 0.55x to 0.19x. Management also discussed an ongoing upgrade of one Mono PERC cell line to TOPCon technology and outlined plans for a phased 4 GW integrated cell and module facility, including a planned Andhra Pradesh expansion.