WE

Websol Energy System Ltd

Q1 FY27Electrical Equipment

Websol Energy System Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹78
Market cap₹3.7K Cr
P/E11.8
Updated26 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

2 of 3 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned

The short version

Websol is undertaking a 4-gigawatt capacity expansion in two phases (2 GW each) for cells and modules, indicating significant volume growth potential. Websol Energy expects incremental revenue growth from the 150 MW TOPCon cell capacity upgrade by March 2027 due to higher realization per watt peak and increased capacity (Page 16).

From Websol Energy System Ltd's Q1 FY27 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

Good growth
  • Websol is undertaking a 4-gigawatt capacity expansion in two phases (2 GW each) for cells and modules, indicating significant volume growth potential.
  • The upgrade of an existing 600 MW Mono PERC line to 750 MW TOPCon is expected to be completed by March 2027, enhancing efficiency and revenue.
  • TOPCon technology offers higher watt peak per cell and better realizations, contributing to incremental revenue.
  • Management expresses confidence in selling all production with firm purchase orders and good order pipeline visibility.
  • Despite some quarter-on-quarter cyclicality, the company expects to maintain current EBITDA margins due to strong utilization.

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Profitability & Margins

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Capital Expenditure Plans

Capex planned
  • Websol is undertaking a 4-gigawatt expansion in two phases (2 GW each) for cell and module capacity.
  • The expansion location has shifted from Andhra Pradesh to West Bengal to leverage better synergies, infrastructure, skilled manpower, and operational resources.
  • Land in West Bengal has been shortlisted, with land approval expected within the current quarter.
  • Project timelines, capex estimates, and funding strategy remain unchanged despite the location shift.
  • Machinery lead time is 4-6 months; equipment finalization is complete, and advances for equipment will be released per project schedule.
  • Upgrade of an existing 750 MW mono PERC cell line to TOPCon technology is expected to complete by March 2027.

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 2Mar 1
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • As of Q1 FY27, the order book stands at approximately INR 1,200 crores.
  • The company focuses on firm purchase orders only, mainly for the DCR market, with regular repeat business from customers.
  • Management does not target higher order book values but emphasizes production and supply to existing customers.
  • There is strong order visibility for the capacity being produced, with sufficient orders in the pipeline to absorb production.
  • The mix of orders is dynamic and depends on realization rates for cells and modules; the company converts own cell production into modules for captive use.

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Websol Energy System Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹401 Cr, net profit ₹124 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Websol Energy System Ltd Q1 FY27 results?

Websol is undertaking a 4-gigawatt capacity expansion in two phases (2 GW each) for cells and modules, indicating significant volume growth potential. Websol Energy expects incremental revenue growth from the 150 MW TOPCon cell capacity upgrade by March 2027 due to higher realization per watt peak and increased capacity (Page 16).

What is Websol Energy System Ltd share price analysis?

Websol Energy System Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 11.8 with a market cap of ₹3,695 Cr. Investors should review the full earnings analysis for detailed insights.

Is Websol Energy System Ltd planning capital expenditure?

Websol is undertaking a 4-gigawatt expansion in two phases (2 GW each) for cell and module capacity.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.