Websol Energy System Limited Earnings Summary — Q1 FY2027
Websol Energy Reports Strong Q1 Growth as Revenue Surges 70% YoY and Company Achieves Zero Term Debt Post-Quarter
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 7.2% sequentially in Q1 FY2027.
- Revenue of ₹373 Cr is 70.3% higher year-on-year.
- Revenue has compounded at 233.0% annualised over the last 10 quarters.
- Net profit of ₹78 Cr is 15.8% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 84.4% annualised across the period.
- Operating margin stands at 33.7% in Q1 FY2027.
- Operating margin compressed by 1361 bps year-on-year.
- Over the last two years operating margin has contracted by 570 bps.
- PBT margin is 27.9%.
- Expenses grew 114.3% against revenue growth of 70.3%.
- Operating profit of ₹126 Cr is 21.4% higher year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 59/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Strong Uptrend | 373 | 401 | 261 | 168 | 219 | 173 | 147 | 144 | 112 | 25 |
| Expenses | Improving | 247 | 255 | 155 | 96 | 115 | 95 | 80 | 81 | 68 | 28 |
| Operating Profit | Volatile | 126 | 146 | 106 | 72 | 103 | 78 | 68 | 63 | 44 | -3 |
| Operating Margin | Volatile | 33.7% | 36.5% | 40.8% | 43.0% | 47.3% | 45.4% | 45.8% | 43.6% | 39.4% | -12.7% |
| Other Income | Strong Uptrend | 4 | 6 | -3 | 3 | 2 | 1 | 0 | 0 | 0 | -4 |
| Interest | Stable | 4 | 4 | 4 | 5 | 4 | 4 | 5 | 6 | 5 | 5 |
| Depreciation | Accelerating | 22 | 24 | 16 | 11 | 11 | 10 | 15 | 9 | 8 | 24 |
| Profit Before Tax | Improving | 104 | 125 | 84 | 60 | 91 | 66 | 48 | 49 | 32 | -36 |
| Tax | Volatile | 26 | 0 | 19 | 14 | 24 | 18 | 7 | 7 | 9 | 22 |
| Net Profit | Improving | 78 | 125 | 65 | 46 | 67 | 48 | 42 | 42 | 23 | -59 |
| Net Margin | Improving | 20.9% | 31.0% | 24.9% | 27.5% | 30.7% | 27.9% | 28.2% | 29.2% | 20.5% | -235.5% |
Key Takeaways
- Revenue grew significantly by 70% year-on-year to ₹372.60 crore, reflecting the impact of recent capacity expansions in solar cells and modules.
- The company successfully repaid its outstanding term loan from IREDA on August 4, 2026, using internal accruals, making the company term-debt free post-quarter.
- Quarter-on-quarter profitability saw a dip of 37.5%, primarily due to higher raw material costs and increased tax expenses compared to the previous quarter.
- Board underwent significant restructuring with the appointment of two additional directors (Sanjay Kumar and Dinesh Agarwal) and a new Company Secretary.
- Net Profit for the quarter reached ₹77.79 crore, maintaining a healthy margin despite sequential pressure on costs.
- Operational expenses rose YoY, with Cost of Materials Consumed more than doubling from ₹81.41 crore to ₹196.39 crore.
- The company continues to operate as a single-segment entity focused on manufacturing Solar photovoltaic cells and modules.
Management Guidance
Management did not provide specific numerical guidance but demonstrated a focus on balance sheet deleveraging through the full repayment of the IREDA term loan. The company is pivoting into a high-growth phase supported by solar sector tailwinds.
Sentiment Shift
Improving
The transition to a term-debt-free status post-quarter and strong YoY revenue growth offsets the sequential dip in profit, signaling a healthier balance sheet and operational scale-up.
Outlook
The company's outlook remains favorable due to strong domestic demand for solar components. The elimination of term debt is expected to reduce finance costs in future quarters, while the newly appointed board members bring significant energy sector and governance expertise.
From the Annual Report (Key Quotes)
“The Company has repaid the outstanding term loan availed from Indian Renewable Energy Development Agency Limited (IREDA) on 4th August, 2026... the outstanding liability towards the said loan stands fully discharged.”
“The Company's business activity primarily falls within a single business segment i.e. manufacturing of Solar photovoltaic cells and modules.”
“Websol Renewables Private Limited incorporated as a wholly owned subsidiary... has not commenced its operations.”
Official Quarterly Documents
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This summary is AI-generated from Websol Energy System Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.