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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.

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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.

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“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.

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Source: PTI

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