Transcript of the Analysts/Institutional Investors Meeting/Call on Audited Financial Results for the Quarter and Financial Year ended March 31, 2026
WEBELSOLAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Websol Energy System reported record FY26 results with revenue of INR 1,049 crores (up 82% YoY), EBITDA of INR 429 crores (70% growth, 41% margin), and PAT of INR 303 crores (96% growth, 28.6% margin). Q4 was the best quarter ever with revenue of INR 401 crores (132% YoY) and PAT of INR 125 crores (158% YoY). The company turned net cash surplus with net worth doubling to INR 631 crores and debt-to-equity reduced to 0.19x. Cell capacity doubled to 1.2 GW through internal accruals with utilization above 90%. Management announced plans to upgrade one PERC line to TOPCon technology by February 2027 (targeting 24.5% efficiency) and confirmed the 2 GW Andhra Pradesh integrated facility on track for June 2027. The order book stands at INR 1,161 crores with healthy visibility. Management guided margin should remain healthy with some variability over 2-3 years.
Strong operational performance and balance sheet improvement indicate a healthy business trajectory. However, module mix increasing in revenue is pressuring overall margins, and investors should monitor the impact as capacity expansion continues. The TOPCon upgrade and Andhra Pradesh expansion represent next growth drivers.