Websol Energy Q2 Results: PAT jumps 73% YoY to Rs 80 crore; revenue more than doubles to Rs 361 crore

Websol Energy System reported a 73.2% year-on-year (YoY) increase in profit after tax (PAT) to Rs 80.21 crore in the September quarter of FY27 (Q2FY27), compared with Rs 46.32 crore in the corresponding quarter of the previous fiscal.

Revenue from operations more than doubled, rising 114.6% YoY to Rs 361.02 crore in Q2FY27, against Rs 168.22 crore reported in Q2FY26, according to the exchange filing submitted by the company.

EBITDA increased 77.3% YoY to Rs 128.14 crore from Rs 72.29 crore in the year-ago period.

During the quarter, cell production stood at 255 MW, with capacity utilisation of 91%. Module production was 88 MW, with capacity utilisation at 68%. The company's outstanding order book stood at Rs 1,280 crore as of September 30, 2026.

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

The proposed facility will add 4 GW of solar cell manufacturing capacity in two phases of 2 GW each. Located near the company's existing Falta SEZ operations, the expansion is aimed at strengthening its manufacturing presence in Eastern India.

The company's board also approved its entry into engineering, procurement and construction (EPC), solar independent power producer (IPP), including solar parks, and energy trading businesses.

As part of the expansion, the board approved subscribing to 40% of the equity share capital of Bright Earth Cell Private Limited, which will be engaged in the energy trading business. It also approved the incorporation of special purpose vehicles (SPVs) as wholly owned subsidiaries for the other business activities.

Sohan Lal Agarwal, Managing Director, said the quarter marked progress on the company's manufacturing and expansion plans, with the repayment of its IREDA term loan and land allotment at Falta.

He said the company was focused on ensuring consistent performance at its existing manufacturing facilities while preparing for its next phase of growth. The TOPCon upgrade is progressing, with trial runs targeted by the end of FY27.

Agarwal added that Websol was evolving from a solar cell manufacturer into an integrated solar energy solutions provider, with its planned entry into EPC, solar IPP and energy trading businesses aimed at expanding its presence across the solar energy value chain.

Ahead of the results announcement, Websol Energy System shares ended Friday's trading session at Rs 72.01 apiece on the BSE , rising marginally from the previous close of Rs 71.99.