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Websol Energy System Limited ( (IN:WEBELSOLAR) ) has shared an announcement.
Websol Energy System reported a strong first quarter for FY27, with revenue from operations rising 70% year-on-year to Rs 372.60 crore and profit after tax up 16% to Rs 77.79 crore, even as margins moderated. The company sharply increased module and cell output, lifting capacity utilisation to 81% for modules and 92% for cells, and closed the quarter with an order book of Rs 1,278 crore.
In a notable balance sheet move, Websol prepaid its entire Rs 110 crore term loan from IREDA using internal accruals, without altering its growth plans. The repayment is expected to lead to the release of collateral and a steep reduction in the proportion of promoter shares under pledge, signaling improved financial strength and potentially enhancing investor confidence.
More about Websol Energy System Limited
Websol Energy System Limited is one of India’s leading manufacturers of high-efficiency solar cells and solar modules, supplying to the renewable energy sector. The company operates significant cell and module production lines, focusing on scaling capacity utilisation to meet rising demand in the domestic solar power market.
Average Trading Volume: 198,214
Technical Sentiment Signal: Hold
Current Market Cap: 41.89B INR
For detailed information about WEBELSOLAR stock, go to TipRanks’ Stock Analysis page.