This Solar Cell Manufacturer Locked in 5% Upper Circuit After Reporting 158% YoY Jump in Q4 PAT, Announces Final Dividend

The Indian equity markets are trading on a flat note on Tuesday, with the Nifty 50 marginally higher by 0.06 per cent. Select renewable energy counters, however, continued to witness strong buying momentum. Amid this, Websol Energy System was locked in the 5 per cent Upper Circuit at Rs 122.20 during the session. Notably, the stock has rallied nearly 138 per cent from its 52-week low, reflecting strong investor interest backed by robust earnings growth and healthy order visibility.

Websol Energy Q4FY26 Results: Quarterly Performance

Websol Energy reported a sharp improvement in its March quarter performance, with revenue from operations rising to Rs 401 crore in Q4FY26, compared to Rs 173 crore in Q4FY25, registering a growth of 132.1 per cent YoY. On a sequential basis, revenue also increased 53.8 per cent from Rs 261 crore reported in Q3FY26.

EBITDA stood at Rs 146 crore, compared to Rs 78 crore in the corresponding quarter last year, reflecting a growth of 86.4 per cent YoY.

Profit before Tax came in at Rs 125 crore, up 89.2 per cent YoY, while net profit after tax surged to Rs 125 crore from Rs 48 crore, marking a strong growth of 157.9 per cent YoY. PAT also jumped 91.6 per cent sequentially from Rs 65 crore in Q3FY26.

Websol Energy FY26 Annual Performance

For the full financial year FY26, the company reported revenue of Rs 1,049 crore, compared to Rs 575 crore in FY25, registering a growth of 82.4 per cent YoY. EBITDA stood at Rs 429 crore, up 69.6 per cent YoY from Rs 253 crore.

Net profit after tax came in at Rs 303 crore, compared to Rs 155 crore in the previous year, reflecting a strong growth of 95.8 per cent YoY.

Order Book and Capacity Expansion

Websol Energy continues to maintain strong forward revenue visibility, with its confirmed order book standing at Rs 1,161 crore as of March 31, 2026.

The company has also initiated the upgrade of one Mono PERC cell line to Topcon technology, which will increase its total cell manufacturing capacity to 1.35 GW post commissioning.

Management highlighted that Cell Line-2 has already ramped up successfully, with overall cell capacity utilisation remaining above 90 per cent, indicating strong demand traction and efficient capacity deployment.

Websol Energy Dividend

The Board of Directors has recommended a final dividend of Re 0.25 per equity share of face value Re 1 each for the financial year ended March 31, 2026. The proposed dividend is subject to shareholders’ approval at the upcoming Annual General Meeting and reflects the company’s continued focus on rewarding investors while maintaining a balanced capital allocation strategy.

About Websol Energy

Websol Energy System Limited is one of India’s leading manufacturers of high-efficiency Solar photovoltaic cells and modules. The company operates a fully modernised manufacturing facility at Falta Special Economic Zone in West Bengal with current solar cell capacity of 1,200 MW and module capacity of 550 MW.

With strong policy support for domestic solar manufacturing, rising renewable installations, and continued capacity expansion, the company remains well positioned to capitalise on India’s long-term solar growth opportunity.

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Disclaimer: This article is for informational purposes only and not investment advice.