Websol Energy System Limited has reported strong financial growth for the fourth quarter and full year ended March 31, 2026, driven by higher production capacity, improved operational efficiency, and rising demand for domestically manufactured solar products.
The company posted a profit after tax (PAT) of ₹125 crore for Q4 FY26, registering a 157.9% increase from ₹48 crore in the corresponding quarter of the previous fiscal. Revenue from operations for the quarter rose 132.1% to ₹401 crore, compared to ₹173 crore in Q4 FY25. EBITDA for the quarter stood at ₹146 crore, reflecting an EBITDA margin of 36.4%.
For the full financial year FY26, Websol reported a PAT of ₹303 crore, up 95.8% from ₹155 crore in FY25. Annual revenue climbed 82.4% to ₹1,049 crore, compared to ₹575 crore in the previous fiscal, while EBITDA increased 69.6% to ₹429 crore. The company reported an EBITDA margin of 40.8% for the year.
The strong performance comes as Websol continues to strengthen its manufacturing operations. During the quarter, the company initiated the upgrade of one of its Mono PERC cell production lines to TOPCon technology, a move expected to increase its total cell manufacturing capacity to 1.35 GW after commissioning.
Websol also confirmed that its Cell Line-2 has successfully ramped up, with overall cell capacity utilization remaining above 90%, while module line utilization stood at 74% during the quarter.
The company achieved a net cash surplus position as of March 31, 2026, with total debt of ₹118 crore, cash and cash equivalents of ₹152 crore, and net cash of ₹34 crore, strengthening its balance sheet and improving financial flexibility for future expansion.
Websol’s order book remained robust at ₹1,161 crore at the end of FY26, providing strong revenue visibility for the coming quarters.
Commenting on the performance, Managing Director Sohan Lal Agarwal said FY26 marked a significant milestone for the company, with the commissioning of Cell Line-2 enhancing production capacity and strengthening operational efficiency. He added that the TOPCon upgrade will play an important role in Websol’s upcoming integrated 2 GW cell and module facility.
The company attributed its record revenue and profitability to prudent working capital management, improved capacity utilization, cost optimization, and consistent operational execution.
Looking ahead, Websol said India’s solar manufacturing sector continues to benefit from strong policy support, including the Production Linked Incentive (PLI) scheme and the Approved List of Models and Manufacturers (ALMM), alongside rising domestic demand for high-efficiency solar products.
With its expanded manufacturing base, improving utilization levels, and plans for backward integration and capacity expansion, Websol said it is well positioned to capitalize on India’s growing renewable energy market.
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