Websol Energy System Limited, (“Websol” or the “Company”) (BSE: 517498; NSE: WEBELSOLAR), one of the leading manufacturers of high-efficiency solar cells and solar modules in India, announced its audited financial results for the quarter and full year ended 31st March 2026.
The solar energy pioneer, announced a PAT of Rs. 125 crore for Q4FY26 as compared to Rs. 48 crore in Q4FY25, a jump of 157.9%. Revenue for the quarter stood at Rs. 401 crore, as against Rs. 173 crore during the same quarter of last fiscal, a rise of 132.1%. EBITDA margin for Q4FY26 stood at 36.4%.
The company’s full year PAT stood at Rs. 303 crore, up 95.8% as compared to Rs. 155 crore for FY25. Revenue for FY26 was at Rs. 1,049 crore, a growth of 82.4% as against Rs. 575 crore in FY25. EBITDA margin for FY26 was at 40.8%, against 43.9% in FY25.
Commenting on the performance, Mr. Sohan Lal Agarwal, Managing Director, said, “FY26 has been a landmark year for Websol. The commissioning of Cell Line-2 has not only enhanced our capacity but also reinforced the core strength of the business. Additionally, we are upgrading one of our existing Mono PERC cell lines to Topcon technology. This will raise our total cell capacity to 1.35 GW and act as an important milestone towards our upcoming integrated 2 GW cell and module facility.
Our Q4 and full-year performance are the result of several deliberate efforts — managing working capital prudently, improving capacity utilisation, maintaining cost discipline and executing with consistency. This has led to record revenue and profitability, stronger cash flows and better operating efficiency.
As we move towards full run-rate utilisation, our focus remains — get the most out of the expanded capacity, move ahead on backward integration, and prepare responsibly for the next phase of growth. We remain mindful that this sector is witnessing significant opportunity, and our effort is to be part of this journey and discipline.”
India’s solar manufacturing sector continues to benefit from strong structural tailwinds, including ambitious renewable capacity targets, supportive government policies such as PLI and ALMM, and increasing domestic demand for high-efficiency solar products.
With a strengthened manufacturing base, improving utilization levels, and a clear roadmap for expansion and integration, Websol is well positioned to capitalize on these opportunities.
