{
  "id": 18254539,
  "title": "Websol Energy Q2 FY27 Earnings Shine Bright With Net Profit Jumping 73% To ₹80 Crore, Revenue More Than Doubles As Renewable Energy Company Reports Impressive Financial Growth",
  "url": "https://urgent.news/2026/11/05/websol-energy-q2-fy27-earnings-shine-bright-with-net-profit-jumping",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T05:13:22.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/websol-energy-q2-fy27-earnings-shine-bright-with-net-profit-jumping-73-to-80-crore-revenue-more-than-doubles-as-renewable-energy-company-reports-impressive-financial-growth"
  },
  "original_language": "en",
  "account": "Mumbai-based renewable energy firm Websol Energy System released its Q2 FY27 financials, revealing a significant surge in profitability and revenue. For the quarter ending September 30, 2026, the company reported revenue of ₹361.02 crore, a 114.6% increase from ₹168.22 crore in the same period last year. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) climbed 77.3% year-on-year to ₹128.14 crore, while profit after tax reached ₹80.21 crore, up from ₹46.32 crore in the previous quarter.\n\nOperational highlights showed cell production reaching 255 MW with a 91% capacity utilisation, and module production at 88 MW with 68% utilisation. Websol's order book was valued at ₹1,280 crore as of September 30, 2026. The company secured a 54.20-acre land allotment from the Government of West Bengal at Falta Industrial Park for a new greenfield solar cell manufacturing facility, with plans to expand capacity to 4 GW in two phases of 2 GW each. Websol also invested ₹3,538 crore in an 8 GW integrated solar manufacturing plant in Andhra Pradesh.\n\nDuring the quarter, the company used its internal cash flow to repay the entire ₹110 crore term loan from the Indian Renewable Energy Development Agency, a move attributed to years of investment and customer trust by Managing Director Sohan Lal Agarwal. The story is based on the company's exchange filings and is intended for informational purposes only, with investors advised to assess risks before making any decisions.",
  "summary": "Mumbai: Websol Energy System announced its financial results for the second quarter ended 30 September 2026, reporting revenue from operations of ₹361.02 crore. This represents a 114.6% increase compared to ₹168.22 crore in the corresponding period of the previous fiscal year, according to the company filing. Websol Renewables Names Vinay Vyas CEO, Targets ₹1,000 Crore Revenue And Capacity…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}