Revenue from operations more than doubled, rising 114.6% YoY to Rs 361.02 crore in Q2FY27, against Rs 168.22 crore reported in Q2FY26, according to the exchange filing submitted by the company.
EBITDA increased 77.3% YoY to Rs 128.14 crore from Rs 72.29 crore in the year-ago period.
During the quarter, cell production stood at 255 MW, with capacity utilisation of 91%. Module production was 88 MW, with capacity utilisation at 68%. The company’s outstanding order book stood at Rs 1,280 crore as of September 30, 2026.
Websol also repaid its outstanding IREDA term loan during the quarter and secured a 54.20-acre land allotment from the West Bengal government at Falta Industrial Park for a greenfield solar cell manufacturing facility.
The proposed facility will add 4 GW of solar cell manufacturing capacity in two phases of 2 GW each. Located near the company’s existing Falta SEZ operations, the expansion is aimed at strengthening its manufacturing presence in Eastern India.
The company’s board also approved its entry into engineering, procurement and construction (EPC), solar independent power producer (IPP), including solar parks, and energy trading businesses.As part of the expansion, the board approved subscribing to 40% of the equity share capital of Bright Earth Cell Private Limited, which will be engaged in the energy trading business. It also approved the incorporation of special purpose vehicles (SPVs) as wholly owned subsidiaries for the other business activities.
Management commentary
Sohan Lal Agarwal, Managing Director, said the quarter marked progress on the company’s manufacturing and expansion plans, with the repayment of its IREDA term loan and land allotment at Falta.
He said the company was focused on ensuring consistent performance at its existing manufacturing facilities while preparing for its next phase of growth. The TOPCon upgrade is progressing, with trial runs targeted by the end of FY27.
Agarwal added that Websol was evolving from a solar cell manufacturer into an integrated solar energy solutions provider, with its planned entry into EPC, solar IPP and energy trading businesses aimed at expanding its presence across the solar energy value chain.
Websol Energy share price
Ahead of the results announcement, Websol Energy System shares ended Friday’s trading session at Rs 72.01 apiece on the BSE, rising marginally from the previous close of Rs 71.99.
Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
