Key Highlights
- Websol Energy Q4 FY26 revenue rises 132.1% YoY to Rs 401 crore.
- Net profit for Q4 FY26 jumps 157.9% YoY to Rs 125 crore.
- FY26 revenue stands at Rs 1,049 crore, up 82.4% YoY.
- FY26 profit increases 95.8% YoY to Rs 303 crore.
- EBITDA margin for Q4 FY26 at 36.4% and FY26 at 40.8%.
- Order book remains strong at Rs 1,161 crore as of March 31, 2026.
- Company turns net cash positive with net cash of Rs 34 crore.
- Cell capacity expansion planned to reach 1.35 GW.
Websol Energy System Limited reported a sharp improvement in its financial performance for the fourth quarter and full year ended March 31, 2026, driven by strong operational execution and capacity utilisation.
The company posted revenue of Rs 401 crore in Q4 FY26, marking a 132.1% year-on-year increase compared to Rs 173 crore in the same period last year. Net profit rose significantly to Rs 125 crore, up 157.9% from Rs 48 crore reported in Q4 FY25.
EBITDA for the quarter stood at Rs 146 crore, reflecting a growth of 86.4% YoY, while EBITDA margin came in at 36.4%.
For the full financial year FY26, Websol reported revenue of Rs 1,049 crore, registering an 82.4% increase over Rs 575 crore in FY25. Net profit for the year rose to Rs 303 crore, up 95.8% from Rs 155 crore in the previous fiscal. The company maintained a strong EBITDA margin of 40.8% for FY26.
Operationally, the company continued to deliver robust performance, supported by improved capacity utilisation and disciplined cost management. During the quarter, overall cell capacity utilisation remained above 90%, while module line utilisation stood at 74%.
Websol also reported a strengthened balance sheet, turning net cash positive as of March 31, 2026. The company reported total debt of Rs 118 crore and cash and cash equivalents of Rs 152 crore, resulting in net cash of Rs 34 crore.
In terms of growth initiatives, the company has initiated the upgrade of one Mono PERC cell line to Topcon technology. Following commissioning, total cell capacity is expected to increase to 1.35 GW. The ramp-up of Cell Line 2 has further supported operational scale-up.
The company’s order book remains strong at Rs 1,161 crore, providing visibility for future revenue growth.
Management highlighted that FY26 marked a milestone year, with capacity expansion, improved utilisation levels, and consistent execution contributing to record revenue and profitability. The company indicated continued focus on backward integration, operational efficiency, and disciplined expansion.
Looking ahead, Websol expects to benefit from favorable industry trends, including government support through policies such as PLI and ALMM, rising domestic demand for solar products, and increasing renewable energy targets.
With ongoing capacity expansion and a stronger manufacturing base, the company aims to further enhance its position in India’s solar manufacturing sector.