Websol Energy System Limited reported a 15.8% year-on-year increase in consolidated net profit to ₹77.79 crore for the quarter ended June 30, 2026 (Q1 FY27), compared with ₹67.18 crore in the corresponding quarter of the previous year. Revenue from operations increased 70.3% YoY to ₹372.60 crore, from ₹218.75 crore in Q1 FY26, reflecting strong growth in the company’s solar photovoltaic cell and module manufacturing business.
The company’s total income stood at ₹376.98 crore during the quarter, compared with ₹220.93 crore in Q1 FY26, representing a 70.6% increase. Total expenses, however, rose at a faster pace, increasing 110% year-on-year to ₹273.01 crore from ₹129.97 crore.
Despite the higher cost base, profit before tax (PBT) increased 14.3% to ₹103.97 crore, compared with ₹90.96 crore in the year-ago quarter. Basic earnings per share (EPS) also improved to ₹1.79 from ₹1.59, marking a 12.6% increase.
Cost of materials consumed increased substantially to ₹196.39 crore from ₹81.41 crore, while employee benefits expenses rose to ₹11.19 crore from ₹5.94 crore. Finance costs remained broadly stable at ₹4.17 crore compared with ₹4.09 crore in Q1 FY26.
Websol’s business primarily comprises the manufacturing of solar photovoltaic cells and modules, according to the company’s financial results filing. The company had also incorporated Websol Renewables Private Limited as a wholly owned subsidiary during FY26; the subsidiary had not commenced operations as of June 30, 2026.
Alongside the financial results, the company’s Board approved the appointment of Sanjay Kumar as an Additional Non-Executive Non-Independent Director, effective August 10, 2026. Kumar brings 39 years of experience across the oil and gas, energy and automotive sectors.
The Board also appointed Dinesh Agarwal as an Additional Non-Executive Independent Director for a five-year term, effective August 10, 2026, subject to approval by shareholders at the ensuing Annual General Meeting. Agarwal is a Fellow Chartered Accountant and Fellow Cost and Management Accountant and has more than three decades of experience in tax, regulatory and governance advisory.
Meanwhile, Rajeewa R Arya, who is due to retire by rotation at the ensuing Annual General Meeting, has expressed his unwillingness to seek reappointment due to personal reasons. He will cease to hold office upon the conclusion of the Annual General Meeting.
Websol has also appointed Ashok Purohit as Company Secretary and Compliance Officer, effective August 10, 2026. Purohit is a Fellow Member of the Institute of Company Secretaries of India (ICSI) and has experience in corporate law, securities regulations and statutory compliance.
The Board approved the unaudited standalone and consolidated financial results for the quarter under Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The statutory auditors, G.P. Agrawal & Co., conducted a limited review of the financial statements. In their review report, the auditors stated that nothing had come to their attention that would indicate that the financial statements were not prepared in accordance with the applicable accounting standards or that they contained a material misstatement.
Subsequent to the quarter, Websol also repaid its outstanding term loan from the Indian Renewable Energy Development Agency (IREDA) on August 4, 2026, using internal accruals, fully discharging the outstanding liability.
With strong revenue growth and continued expansion of its solar manufacturing operations, Websol Energy System enters the new financial year with a stronger top line while continuing to focus on scaling its photovoltaic cell and module manufacturing capabilities.
