Websol Energy System Limited has successfully converted 1,210,000 warrants into 12,100,000 equity shares for its promoter group, Websol Green Projects Private Limited. The conversion follows the receipt of the remaining 75% subscription amount, totaling approximately Rs. 48.10 crore. The conversion price was adjusted to Rs. 53 per share to account for the 1:10 stock split executed in November 2025. This move increases the total paid-up equity capital to Rs. 43.42 crore, signaling strong promoter commitment and providing fresh liquidity to the company.

• Allotment of 1,21,00,000 equity shares of Re. 1 face value to the Promoter Group.
• Infusion of Rs. 48,09,75,000 representing the final 75% payment for warrant conversion.
• Conversion price adjusted to Rs. 53 per share following the 1:10 stock split in November 2025.
• Total paid-up capital increased to 43,41,63,470 equity shares.
• Promoter group exercised 100% of their pending warrants within the stipulated 18-month period.

Websol Energy System Limited has successfully bagged three new purchase orders for solar modules totaling 85.5 MW. These orders, valued at Rs 172 crores, are from Bekem Infra Projects, Sri Avantika Contractors, and Kosol Energie, with delivery scheduled by May 2026. The company also clarified that recent U.S. solar import tariffs will have no impact on its operations as it currently does not export to the United States. This development strengthens the company's domestic order book and utilizes its 550 MW module manufacturing capacity.

• Total order value of Rs 172 crores for 85.5 MW of solar modules
• Delivery of the new orders is expected to be completed by May 2026
• Clients include Bekem Infra Projects, Sri Avantika Contractors, and Kosol Energie
• Zero impact from U.S. solar tariffs confirmed due to lack of U.S. exports
• Current manufacturing capacity stands at 1,200 MW for cells and 550 MW for modules

Websol Energy reported a strong Q3FY26 with revenue growing 77.2% YoY to ₹261 Cr and PAT rising 56.2% to ₹65 Cr. The company successfully commissioned its second 600 MW Mono PERC cell line, bringing total cell capacity to 1.2 GW. A massive expansion plan is underway in Andhra Pradesh to add 4 GW of Topcon capacity with a ₹3,000 Cr+ investment, supported by a 48.5% government subsidy. With an order book of ₹1,150 Cr and a low debt-to-equity ratio of 0.29x, the company is well-positioned for aggressive growth.

• Revenue increased 77.2% YoY to ₹261 Cr in Q3FY26, with EBITDA margins at a robust 40.8%.
• Current order book stands at ₹1,150 Cr, with cells contributing 43% and modules 57%.
• Announced a ₹3,000 Cr+ capex for a 4 GW integrated Topcon facility in Andhra Pradesh with 48.5% investment subsidy.
• Phase II 600 MW cell line commissioned in record time, achieving 23.6% peak efficiency.
• Exploring backward integration into Ingot and Wafer manufacturing through an MoU with Linton to ensure supply security.

Websol Energy System reported a robust Q3 FY26 with revenue growing 77.2% YoY to Rs 261 crores, driven by the commissioning of its second cell line. The company maintained high profitability with an EBITDA margin of 40.8% and a PAT of Rs 65 crores. Its order book remains strong at Rs 1,150 crores, split between modules (57%) and cells (43%). Management is aggressively pursuing backward integration and a new 4 GW facility in Andhra Pradesh to sustain long-term growth.

• Q3 FY26 Revenue grew 77.2% YoY to Rs 261 crores with a PAT of Rs 65 crores.
• Order book stands at Rs 1,150 crores, providing significant revenue visibility for upcoming quarters.
• Cell Line-2 reached 54% utilization within three months of commissioning, achieving 23.6% peak efficiency.
• Net debt stood at Rs 89 crores with an improved Debt/EBITDA ratio of 0.47x.
• Approved 4 GW integrated solar facility in Andhra Pradesh with secured land and incentive packages.

Websol Energy reported a robust Q3 FY26 with revenue growing 77.2% YoY to ₹261 Cr and PAT increasing 56.3% YoY to ₹65 Cr. The company successfully commissioned its second 600 MW cell line, bringing total cell capacity to 1.2 GW, while maintaining a healthy order book of ₹1,150 Cr. A massive 4 GW Topcon integrated expansion in Andhra Pradesh has received government approval, including a significant 48.5% investment subsidy. Financial health remains strong with a low Debt/Equity ratio of 0.29x and a high ROCE of 51.4%.

• Revenue from operations grew 77.2% YoY to ₹261 Cr, with EBITDA up 57.6% to ₹106 Cr.
• Order book stands at ₹1,150 Cr, ensuring strong revenue visibility for upcoming quarters.
• Phase II 600 MW cell line commissioned in Sep 2025, reaching 54% utilization within three months.
• Andhra Pradesh government approved a 4 GW Topcon project with a 48.5% fixed capital investment subsidy.
• Maintained a prudent capital structure with Debt/Equity at 0.29x and Net Debt at ₹89 Cr.

Websol Energy reported a robust Q3 FY26 with revenue growing 77.2% YoY to Rs 261 crore, primarily driven by the ramp-up of its new 600 MW cell line. Profit After Tax (PAT) increased by 56.3% YoY to Rs 65 crore, supported by a healthy order book of Rs 1,150 crore. The company received a major boost with the Andhra Pradesh government's approval for a 4 GW integrated cell and module project. Furthermore, a strategic MoU with Linton for PV ingot and wafer technology indicates a significant move toward backward integration.

• Revenue from operations increased 77.2% YoY to Rs 261 crore in Q3 FY26.
• 9M FY26 PAT stood at Rs 179 crore with an EPS of Rs 4.2, up 67.7% YoY.
• Order book remains strong at Rs 1,150 crore as of December 31, 2025.
• Andhra Pradesh government approved a 4 GW integrated project including 123 acres of land and incentives.
• Consolidated cell capacity utilization reached 75%, with the new 600 MW line ramping up to 54%.

Websol Energy System Limited reported a robust performance for Q3 FY26, with revenue from operations surging 77% year-on-year to ₹261.02 crore. Net profit for the quarter reached ₹64.98 crore, a 56% increase compared to ₹41.56 crore in the same period last year. The company also showed strong sequential growth, with profit before tax rising 40% from the previous quarter. Additionally, the company completed a 1:10 stock split during the quarter, making the shares more accessible to retail investors.

• Revenue from operations grew 77% YoY to ₹261.02 crore in Q3 FY26 vs ₹147.31 crore in Q3 FY25.
• Net profit increased by 56% YoY to ₹64.98 crore, up from ₹41.56 crore in the year-ago period.
• Profit Before Tax (PBT) rose sequentially by 40% to ₹84.00 crore compared to ₹59.85 crore in Q2 FY26.
• Exceptional item of ₹4.11 crore recognized due to incremental obligations from new Labour Codes.
• Stock split from face value ₹10 to ₹1 was successfully executed with a record date of November 14, 2025.

Websol Energy System has received formal approval from the Andhra Pradesh government for a 4 GW solar cell and module greenfield expansion project at MPSEZ Naidupeta. The project includes a 100 MW captive solar power plant to optimize operating costs and ensure reliable energy access. The government has granted a comprehensive incentive package including capital investment subsidies, power tariff reimbursements, and land allotment. This expansion represents a massive scale-up from the company's current 1.2 GW cell and 0.55 GW module capacity.

• Approval for a 4 GW solar cell and 4 GW solar module greenfield project in Tirupati, Andhra Pradesh.
• Includes a 100 MW captive solar power plant to ensure reliable and cost-efficient energy supply.
• Incentive package includes land allotment, capital investment subsidies, and electricity duty exemptions.
• Significant capacity jump from current 1,200 MW cell and 550 MW module capacity in West Bengal.

CRISIL Ratings Limited has assigned a 'BBB+/Stable' rating to Websol Energy System Limited's credit facilities totaling Rs 150 crore. The rating covers a Term Loan of Rs 135 crore and a Cash Credit facility of Rs 15 crore. This investment-grade rating indicates a moderate degree of safety regarding timely servicing of financial obligations. The 'Stable' outlook suggests that the company's credit profile is expected to remain steady in the near term.

• CRISIL assigned 'BBB+/Stable' rating for total credit facilities of Rs 150 crore.
• The rating includes a long-term loan component of Rs 135 crore.
• A Cash Credit facility of Rs 15 crore was also assigned the 'BBB+/Stable' rating.
• The 'Stable' outlook reflects CRISIL's expectation of steady business performance.