Websol Energy Approves Financial Results & Expands into Energy Trading with 40% Stake in Bright Earth Cell
Websol Energy System Limited approved Q2 FY27 results with revenue at ₹365.33 crore and profit at ₹80.21 crore. The company is expanding into energy trading by acquiring a 40% stake in Bright Earth Cell Private Limited for ₹10 per share, with completion within 90 days. This marks a strategic move into the broader solar energy value chain.
The acquisition of a stake in a new entity and expansion into related business areas represents a significant strategic shift for the company, potentially impacting its future revenue streams and market position.
The company reported positive financial results and announced a strategic expansion into new business areas, including energy trading, which is expected to drive future growth.
Websol Energy System Limited announced the outcome of its Board Meeting held on November 4, 2026. The Board approved the Unaudited Financial Results (Standalone & Consolidated) for the quarter and half-year ended September 30, 2026, along with the Independent Auditor's Review Report. The meeting, which commenced at 3:00 PM and concluded at 5:15 PM, also sanctioned the company's expansion into the broader solar energy value chain, including EPC, Solar IPP, solar parks, and energy trading.
To facilitate this expansion, Websol Energy will subscribe to 40% of the Equity Share Capital of Bright Earth Cell Private Limited, which will focus on energy trading. The company will also incorporate Special Purpose Vehicles (SPVs) as wholly-owned subsidiaries for other new business activities. The subscription to Bright Earth Cell Private Limited is expected to be completed within 90 days, with the shares being subscribed at face value of ₹10 each in cash. Bright Earth Cell Private Limited, incorporated on June 17, 2025, is exploring power trading opportunities and is in the process of changing its name to Bright Green Power Trading Private Limited. This investment constitutes a related party transaction due to common directorship and promotership, but transactions will be at arm's length.
The financial results for the quarter and half-year ended September 30, 2026, showed revenue from operations of ₹365.33 crore (standalone) and ₹365.33 crore (consolidated). Profit before tax stood at ₹106.58 crore (standalone) and ₹106.58 crore (consolidated). Net profit for the period was ₹80.21 crore (standalone) and ₹80.21 crore (consolidated). The company also reported a total comprehensive income of ₹79.26 crore (standalone and consolidated).
In other developments, the company had repaid its outstanding term loan from Indian Renewable Energy Development Agency Limited (IREDA) on August 4, 2026, using internal accruals.
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