Websol energy system plans significant expansion and reports strong financial growth

Websol Energy System Limited announced a significant expansion plan for its solar cell and module manufacturing capacity, aiming for a ~50%+ CAGR from CY24 to CY28E. Current operational capacity stands at 1.2 GW Mono Perc Cell and 550 MW Module, with an additional 4 GW integrated Topcon Cell & Module planned. Phase II, comprising a 600 MW Mono-PERC solar cell line, was successfully commissioned on September 27, 2025, fully funded through internal accruals and achieving 23.6% maximum cell efficiency within the first month.

The company's financial performance shows strong growth and profitability. For H1FY26, revenue from operations reached ₹387 Cr, up 51.7% year-over-year from ₹255 Cr in H1FY25. EBITDA grew 64.8% year-over-year to ₹176 Cr (H1FY26) from ₹107 Cr (H1FY25), with a margin of 45.4%. Profit After Tax increased 74.9% year-over-year, reaching ₹114 Cr in H1FY26, compared to ₹65 Cr in H1FY25.

Websol is exploring backward integration into Ingot & Wafer manufacturing, focusing on next-generation technologies like Topcon, Back-Contact, and Perovskite. This aligns with national policies such as ALMM, RPO, and PLI, which boost domestic demand and protect against cheap imports, supporting India's self-reliant solar manufacturing ambition.