Websol Energy System Posts Rs 3.53 Cr Profit in March Quarter

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Kolkata-based manufacturer of solar cells and modules Websol Energy System reported a net profit of Rs 3.53 crore for the January-March quarter of 2020-21 against a net loss of Rs 5.07 crore in the quarter ended on March 31, 2020.

Total income of the company rose to Rs 47.71 crore in the quarter from Rs 21.02 crore in same period a year ago.

The net profit of the company in 2020-21 was Rs 67.83 crore, up from Rs 4.13 crore in 2019-20. Total income in the fiscal was at Rs 157.91 crore compared to Rs 206.44 crore in 2019-20.

“The improved performance of the company during the fourth quarter and the full year is a reflection of the sharp turnaround in operating realities of the renewable energy sector in India,” S L Agarwal, Managing Director of the company, said in a statement.

Source: PTI

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