Solar cell and module manufacturer Websol Energy System reported a revenue of ₹4.01 billion (~$42.4 million) in the fourth quarter (Q4) of the financial year (FY) 2026, a 132.1% (YoY) increase from ₹1.73 billion (~$18.3 million).

Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹1.46 billion (~$15.43 million), up 86.4% YoY from ₹780 million (~$8.25 million).

Websol’s profit after tax (PAT) for the quarter was ₹1.25 billion (~$13.21 million), rising 157.9% from ₹480 million (~$5.07 million) a year ago.

Earnings per share (EPS) came in at ₹2.8 (~$0.03), compared to ₹1.1 (~$0.012) in Q4 FY 2025.

The company attributed its performance to the efficient working capital management, higher capacity utilization, cost discipline, and consistent project execution.

Websol’s revenue increased 77.2% YoY to ₹2.61 billion (~$28.51 million) from ₹1.47 billion (~$16.05 million) in Q3 FY 2026.

Full Year FY 2026

Websol reported revenue of ₹10.49 billion (~$111 million) for FY 2026, up 82.4% YoY from ₹5.75 billion (~$60.8 million).

EBITDA stood at ₹4.29 billion (~$45.35 million), up 69.6% YoY from ₹2.53 billion (~$26.75 million).

PAT for FY 2026 was ₹3.03 billion (~$32.03 million), increasing 95.8% from ₹1.55 billion (~$16.4 million) last year.

EPS came in at ₹7 (~$0.074), compared to ₹3.7 (~$0.04) in FY 2025.

Business Update

Sohan Lal Agarwal, Managing Director at Websol, said, “FY 2026 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.”

Websol is upgrading one of its existing Mono PERC cell lines to TOPCon technology. This upgrade is expected to raise the company’s cell capacity to 1.35 GW. Websol plans to set up an integrated 2 GW solar cell and module facility.

The company’s manufacturing facility at the Falta Special Economic Zone in West Bengal has a solar cell capacity of 1,200 MW and module capacity of 550 MW. The facility can process wafers up to 210 mm.

Recently, Websol added 600 MW monocrystalline PERC P-type bifacial cells from the facility to the Approved List of Models and Manufacturers List-II, increasing its total enlisted capacity to 1,202 MW.

Going forward, Agarwal said Websol aims to focus on maximizing output from its expanded capacity, advancing backward integration efforts, and preparing for its next phase of growth.