Websol Energy System Limited — PPTs, 03-12-2025: Investor Presentation

Websol Energy System's presentation highlights strong growth and strategic expansion.

**Business Performance:** Operates 1.2 GW Mono PERC Cell and 550 MW Module capacity, achieving 23.6%+ efficiency. The company is DCR compliant, serving major government solar initiatives.

**Growth Drivers or Strategy:** Aims for significant expansion with 4 GW integrated Topcon Cell & Module capacity, targeting 25%+ efficiency. Backward integration into Ingot & Wafer is also being explored to secure the supply chain. Overall capacity target is 5.2 GW (cell) and 4.5 GW (module) by CY28.

**Recent Developments:** The new 600 MW Mono-PERC solar cell line was commissioned in September 2025, reaching over 60% utilization by November and achieving 23.6% cell efficiency. Module capacity utilization improved due to increased in-house cell supply.

**Key Financial Metrics (H1FY26):** Revenue grew 51.7% to 387 Cr, EBITDA rose 64.8% to 176 Cr (45.4% margin), and Profit After Tax increased 74.9% to 114 Cr (28.9% margin). Debt/Equity improved to 0.37, and Cash Flow from Operations was robust at 132 Cr.

**Management Commentary / Outlook:** The company is committed to next-gen technologies and strengthening India's self-reliant solar manufacturing by reducing import dependence through full backward integration.