Kolkata: Websol Energy Systems Limited, a Kolkata-based manufacturer of high efficiency solar cells and modules, has announced a stellar set of financial results for the quarter ended March 2026. This includes a 157.9% jump in Profit After Tax (PAT) to ₹ 125 crore from ₹48 crore in the same period last year, while revenues rose from ₹173 crore to ₹401 crore, a 132.1% rise, during the same period.
Efficiency and Capacity: The Twin Growth Engines
Throughout 2025, the company has worked towards upgrading its technology and production lines to meet the surging demand for solar cells and modules. This has meant reducing its per-unit conversion costs by leveraging greater automation and improved raw material sourcing.
The company is now in its final stages of upgrading its cell production capacity to 1.35GW, as it looks to cater to large-scale utility projects under the government’s ALMM (Approved List of Models and Manufacturers) mandate. To boost efficiency, the company has shifted to Mono PERC and TOPCon cell technologies, allowing it to command better pricing in a competitive market.
“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 toward 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 with clarity and discipline,” Mr. Sohan Lal Agarwal, Managing Director at Websol Energy System Limited, said in a press release.
