Websol Energy System Limited — Investor Meet, 06-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Websol Energy Systems delivered a landmark FY26, reporting record revenue of INR 1,049 Cr (+82% YoY) and PAT of INR 303 Cr (+96% YoY). Q4 also saw record performance, leading the Board to approve a dividend of INR 0.25 per share. Cell capacity doubled to 1.2 GW, with an upcoming TOPCon upgrade to 1.35 GW by February 2027 (INR 250-270 Cr capex). The 4 GW Andhra Pradesh expansion is on track for June 2027. A strong order book of INR 1,161 Cr provides good visibility. The company achieved net cash surplus and is in advanced talks to release INR 92 Cr of pledged shares. Management remains confident in growth, focusing on DCR markets and backward integration into ingot/wafer by June 2028.