WEBSOL ENERGY SYSTEM LTD

Websol Energy System Limited held its Q1 FY27 earnings conference call on August 11, 2026, where management reported a revenue from operations of INR373 crores, a 70% increase year-over-year. EBITDA was INR126 crores, reflecting a 21% growth, while profit after tax rose by 16% to INR78 crores. Management highlighted a significant increase in cell production, which rose from 126 megawatts to 259 megawatts, and module production more than doubled to 103 megawatts. However, the EBITDA margin decreased to 34% from 47% due to a higher sales mix of lower-margin modules. Management also noted the repayment of a INR110 crores term loan, reducing promoter share pledges from 80% to 16%. The company initiated a TOPCon upgrade to enhance cell efficiency, with completion anticipated by March 2027. The order book stood at INR1,278 crores, indicating strong future visibility.

Management emphasized strong revenue growth and operational improvements.