Websol Energy System Limited has informed the Exchange about Transcript
WEBELSOLAR · price
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Websol Energy reported record FY26 performance with revenue of INR 1,049 crores (up 82% YoY), EBITDA of INR 429 crores (margin 41%), and PAT of INR 303 crores (up 96% YoY). The company doubled its cell capacity to 1.2 GW in September 2025 through internal accruals and turned net cash surplus with net worth more than doubling to INR 631 crores. Current order book stands at INR 1,161 crores with a book-to-bill ratio of 1.02x. The company plans to upgrade one PERC line to TOPCon technology by February 2027 (adding 150 MW capacity) at a capex of INR 250-270 crores, targeting cell efficiency above 24.5%. The Andhra Pradesh 2 GW integrated facility is targeted for June 2027. Management expects margins to remain healthy with some variability due to module mix and silver prices.
Strong operational leverage demonstrated with ROCE and ROE both at ~67%, positioning the company well for its next growth phase. However, increasing module production mix may pressure overall EBITDA margins going forward, as cell margins are structurally higher than module margins.