Websol Energy System Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2025.
WEBELSOLAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Websol Energy System Limited reported audited results for FY25 with revenue from operations surging to Rs. 575.46 crore from Rs. 25.86 crore in FY24, a more than 20-fold jump driven by its solar cell and module business. The company swung from a net loss of Rs. 120.96 crore in FY24 to a net profit of Rs. 154.74 crore in FY25, with basic EPS of Rs. 36.66 versus a negative Rs. 29.99 earlier. Operating cash flow turned strongly positive at Rs. 167.26 crore, and cash balances rose to Rs. 47.73 crore from Rs. 0.93 crore, while borrowings declined. The statutory auditor G.P. Agrawal & Co. issued an unmodified (clean) opinion on the results. The Board also noted the resignation of Independent Director Mrs. Ritu S Jain (effective April 8, 2025) and re-appointed M/s M. Kumar Jain & Co. as Internal Auditor for FY26.
A sharp turnaround in revenue and profits, cleaner balance sheet, and capacity expansion (600MW new solar cell line expected by July 2025) are positive signals for shareholders, though the resignation of an independent director is a minor governance point to watch.