Websol Energy Records 20x Growth in Revenue to INR 5,755 Million FY25
Kolkata-based Websol Energy System posted a remarkable 20x surge in operational revenue to INR 5,755 million in FY25, reversing losses with a PAT of INR 1,547 million, as production resumed and demand for high-efficiency solar products soared.
May 16, 2025. By Mrinmoy Dey
Commenting on the performance, Sohan Lal Agarwal, Managing Director, Websol Energy System said, “Over the past year, Websol made significant progress as full-scale production resumed after upgrade to our 600 MW Mono PERC Bifacial Solar Cell line. This return to operations contributed to a 20x plus increase in revenue, reaching INR 5,755 million, reflecting strong industry-wide demand for high-performance solar solutions across both Indian and International markets. This is reflected in the EBITDA margin of 44.2 percent and a PAT margin of 26.9 percent.”
In FY25, the company’s Board of Directors has approved the installation of an additional 600 MW Mono PERC Bifacial Solar Cell line which is expected to start production in Q1 FY26. Additionally, the company has secured orders for Solar Modules valued at INR 623 million, with shipments scheduled for the United States, United Kingdom, Africa and India
Other significant orders include, a 100 MW Solar Cell purchase agreement with Luminous Power Technologies and a 250 MW Solar Module master supply agreement with CRI Pumps.
Agarwal added, “In recent months, we have secured significant order bookings for both Solar Cells and Solar Modules, highlighting continuous market adoption of our product quality and reliability. Our plant at Falta SEZ achieved 90 percent plus effective capacity utilisation, reflecting the strong demand of our solar products. The introduction of Mono PERC Bifacial Solar Cells, enhancing efficiency to 23 percent, has reinforced our competitive position in the market. With this long term demand environment, Websol is expanding its manufacturing capabilities to increase Solar Cell production capacity to 1.2 GW by Q1 FY26.”
Websol is steadily moving towards maximum renewable energy adoption across its own manufacturing processes by 2035, ensuring environmentally responsible growth. “Our ongoing investments in innovation and R&D are focused on improving efficiency and cost optimisation, allowing us to introduce advanced technologies that will drive sustained progress,” stated Agarwal.
Talking about the overall market potential, Agarwal commented that the Indian solar industry continues to expand rapidly, supported by government policies and a strong push towards renewable energy adoption. “Initiatives such as the Production Linked Incentive (PLI) scheme and the PM Surya Ghar Muft Bijli Yojana are driving Indian manufacturing and rooftop solar adoption. This in turn creates opportunities for companies such as Websol that are focused on high-efficiency solar technology. With the country aiming for 280 GW of solar capacity by 2030, demand for advanced solar products is growing and Websol remains well-positioned to support this transition with its technology,” he said.
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