This Leading Manufacturer of Solar Cells & Solar modules is in focus after it received an order for the supply of 100 megawatt (MW) PERC Solar cells from Luminous Power.
Stock Price Movement
As the Markets around the world have fallen, most of the stocks are trading below their previous close price. The stock of Websol Energy opened at Rs. 1202.25, which is a 5 percent lower circuit from yesterday’s close of Rs. 1265.50.
Order Update from Company
Websol Energy has announced the signing of a purchase agreement with Luminous Power Technologies Private Limited (“Luminous”) for the supply of 100 MW of Mono PERC Solar Cells. Further, the agreement includes the provision of Mono PERC Solar Cells with an expected efficiency range of 23 percent to 23.4 percent. The delivery is scheduled between April 2025 and April 2026.
The company stated that the 100 MW order is a key element of Websol’s expansion strategy, enhancing its domestic presence and operational infrastructure. The agreement further positions the company to meet the increase in demand for high-performance solar energy solutions.
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About the Company
Websol Energy System Limited is a leading manufacturer of solar cells and solar modules based in India. Established in 1994, Websol has been a pioneer in the solar industry, focusing on high-efficiency products that meet international quality standards. The company is committed to delivering sustainable energy solutions to global markets and continues to expand its footprint in domestic markets.
Financial Highlights
The company reported an impressive increase in revenue from Rs. 0.50 Crore in Q3FY24 to Rs. 147 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 2.08 percent in revenue from Rs. 144 Crore in the previous quarter. Their Net loss of Rs. 55 Crore in Q3FY24 saw a turnaround to a Net Profit of Rs. 42 Crore in Q3FY25. On a QoQ Basis, their Net Profit remained unchanged to from Rs. 42 Crore.
Written By Abhishek Das
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