Websol Energy FY26 Revenue ₹1,049 Crore, Profit ₹303 Crore; Recommends Dividend
Websol Energy reported FY26 revenue of ₹1,049.44 Crore, an 82.4% increase. Net Profit was ₹303.01 Crore. Q1FY27 revenue reached ₹372.60 Crore. The company is recommending a dividend after a decade and has prepaid its ₹110 Crore IREDA loan. By 2028, capacity is targeted at 5,350 MW (cells) and 4,550 MW (modules).
The strong financial performance, debt reduction, dividend declaration, and ambitious capacity expansion plans are material events that are likely to significantly impact investor sentiment and the company's market position.
The announcement highlights significant financial achievements, including record revenue and profit growth, dividend recommendation, debt prepayment, and credit rating upgrade, indicating strong financial health and positive future prospects.
Websol Energy System Limited held its 36th Annual General Meeting (AGM) on September 22, 2026. During the meeting, Chairman & Managing Director Mr. Sohan Lal Agarwal and Executive Director Ms. Sanjana Khaitan delivered speeches highlighting the company's performance and future outlook.
The financial year 2025-26 was described as transformative, with the company strengthening its downstream capabilities and expanding into module manufacturing. Websol crossed the milestone of ₹1,000 Crore revenue in FY2026, achieving this through four consecutive quarters of disciplined execution. The Phase 2 expansion was funded through internal accruals, resulting in a net cash position and a rapid ramp-up of manufacturing capacities.
The company is recommending a dividend for the first time in a decade, reflecting its strong cash flow and financial self-sufficiency. Momentum has continued into Q1FY27, with disciplined execution, expanding margins, and stable income sources.
Looking ahead, Websol is upgrading its production lines from Mono PERC to TOPCon technology to provide higher efficiency panels. The company is also expanding its operations and considering backward integration into wafer production, aiming to become a vertically integrated solar provider. By 2028, Websol targets scaling its manufacturing capacity to 5,350 MW of solar cells and 4,550 MW of solar modules.
Executive Director Ms. Sanjana Khaitan reported that for FY26, the company achieved a record revenue of ₹1,049.44 Crore, an 82.4% growth. EBITDA scaled to ₹428.54 Crore (40.84% margin), and Net Profit nearly doubled to ₹303.01 Crore, increasing net worth to ₹630.71 Crore. In Q1FY27, revenue surged by 70% to ₹372.60 Crore, EBITDA was ₹125.58 Crore (up 21%), and Net Profit rose by 16% to ₹77.79 Crore. The company has an order backlog of ₹1,278 Crore. Websol also prepaid its IREDA loan of ₹110 Crore ahead of schedule and saw an upgrade in its CRISIL BBB+ credit rating. The release of promoter's pledged shares is also a significant outcome.
The company is actively upgrading existing lines to TOPCon technology, scaling capacity towards 1,350 MW.
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Websol Energy System Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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