Websol Energy System Limited has reported a strong start to FY27, with revenue from operations rising 70% YoY to ₹372.60 crore in Q1FY27, compared with ₹218.75 crore in Q1FY26.
The company’s EBITDA increased 21% to ₹125.58 crore, while PAT rose 16% to ₹77.79 crore. EBITDA margin stood at 34% during the quarter.
On the manufacturing front, cell production reached 259 MW, with capacity utilisation at 92%, while module production increased to 103 MW, taking module utilisation to 81%, up sharply from 39% a year earlier. The company’s order book stood at ₹1,278 crore as of June 30, 2026.
In a major balance-sheet move, Websol prepaid its entire ₹110 crore outstanding IREDA term loan on August 4, 2026, using internal accruals without raising fresh capital. The repayment is expected to facilitate the release of collateral, including promoter share pledges.
Meanwhile, Websol is upgrading an existing Mono PERC cell line to TOPCon technology, taking its total TOPCon cell capacity to 750 MW. The upgrade is expected to be completed by March 2027 and will support the company’s longer-term expansion toward 4 GW of solar cell manufacturing capacity.
Key Points — Websol Energy Q1FY27
- 📈 Revenue: ₹372.60 crore, up 70% YoY from ₹218.75 crore.
- 💰 EBITDA: ₹125.58 crore, up 21% YoY.
- 📊 PAT: ₹77.79 crore, up 16% YoY.
- ⚙️ Cell production: 259 MW with 92% capacity utilisation.
- ☀️ Module production: 103 MW with 81% capacity utilisation, up from 39% in Q1FY26.
- 📦 Order book: ₹1,278 crore as of June 30, 2026.
- 🏦 Debt-free move: Prepaid the entire ₹110 crore IREDA term loan through internal accruals.
- 🔓 Promoter pledge: Pledged promoter shareholding reduced from 80% to 16%.
- 🔋 TOPCon expansion: Existing Mono PERC line being upgraded, taking TOPCon capacity to 750 MW.
- 🚀 Future capacity: Solar cell manufacturing capacity targeted to expand to 4 GW in two phases.
