Websol Energy System Ltd., a leading manufacturer of photovoltaic cells and solar modules, reported consolidated revenue from operations of ₹2.19 billion for the quarter ended June 2025. The company also posted a net profit of ₹671.8 million, marking a significant year-on-year improvement driven by robust demand for solar components and improved operational efficiency.
Alongside its financial results, Websol announced a key leadership change with the resignation of Chief Financial Officer Sanjana Khaitan and the appointment of Amrit Daga as her successor. The transition comes at a time when the company is expanding its manufacturing capacity and deepening its presence in domestic and export markets.
Key Highlights From Q1 FY26 Financials
- Revenue from operations stood at ₹2.19 billion, up 22.6 percent year-on-year
- Net profit rose to ₹671.8 million, compared to ₹412.3 million in the same quarter last year
- EBITDA margin expanded to 31.4 percent, supported by better pricing and scale efficiencies
- Earnings per share increased to ₹6.87 from ₹4.21 year-on-year
- No dividend was declared for the quarter
Operational Performance and Segment Overview
1. Solar Cells and Modules
- Strong demand from utility-scale and rooftop solar projects drove volume growth
- Export orders from Europe and Southeast Asia contributed 18 percent of total revenue
- Websol’s mono PERC and bifacial modules gained traction among EPC contractors
2. Manufacturing and Capacity Expansion
- The company operated at near full capacity across its West Bengal facilities
- Plans are underway to expand module production to 1.2 GW annually by FY27
- Investments in automation and quality control have improved yield and reduced rework
3. Financial Discipline and Cost Management
- Raw material costs were managed through long-term supplier contracts
- Freight and logistics expenses were optimized through consolidated shipments
- Interest costs remained low due to minimal debt exposure
Leadership Transition: CFO Appointment
- Sanjana Khaitan resigned from her role as Chief Financial Officer, effective July 31, 2025
- Amrit Daga has been appointed CFO, bringing over 15 years of experience in corporate finance and renewable energy
- Daga will oversee capital planning, investor relations, and financial strategy amid Websol’s growth phase
- The transition is expected to support governance and financial agility
Market Position and Strategic Outlook
- Websol Energy System remains a key player in India’s solar manufacturing ecosystem
- The company benefits from government incentives under the Production-Linked Incentive scheme for solar components
- Promoter holding stood at 61.2 percent, with no pledged shares
- Stock performance has been strong, with a 12-month return of 38.7 percent
- The company maintains a debt-light balance sheet, supporting expansion plans
Outlook for FY26
Websol Energy System is optimistic about sustaining growth momentum through FY26, driven by rising solar adoption, export opportunities, and capacity expansion. The company aims to strengthen its product portfolio, enhance operational efficiency, and deepen its presence in high-growth markets.
While global supply chain risks and pricing pressures remain challenges, Websol’s integrated manufacturing model, leadership transition, and strategic investments position it well for long-term value creation.
Sources: Business Standard, Moneycontrol, Screener.in.
