Solar stock is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India and is in focus after the company reported December quarterly results with a 28,784 percent YOY increase in revenue.
Stock Price Movement
With a market capitalization of Rs. 6,341.71 crores, the shares of Websol Energy System Limited hit a 5 lower circuit of Rs. 1,502.55 per share on Friday, down from its previous closing price of Rs. 1,581.60 per share.
Q3 FY25 Result Walkthrough
Coming into the quarterly results of Websol Energy System Limited, the company’s consolidated revenue from operations increased by 28,784.31 percent YOY, from Rs. 0.51 crore in Q3 FY24 to Rs. 147.31 crore in Q3 FY25, and grew by 2.62 percent QoQ from Rs. 143.55 crore in Q2 FY25.
Further, the company’s EBIDT has increased by 7.66 percent, from Rs. 62.7 crore in Q2 FY25 to Rs. 67.5 crore in Q3 FY25.
In Q3 FY25, Websol Energy System Limited’s consolidated net profit converted from negative to positive, from a loss of Rs. -54.64 crore in Q3 FY24 to Rs. 41.56 crore in Q3 FY25. As compared to Q2 FY25, the net profit has decreased by 1.01 percent, from Rs. 41.98 crore.
The basic earnings per share decreased by 1.01 percent and stood at Rs 9.85 as against Rs. 9.85 recorded in the same quarter in the previous year 2024.
Expansion Milestone
The company has successfully completed Phase I of its expansion, commissioning a 600 MW Mono PERC Bifacial Solar Cell Line and a 550 MW Automated Module Line at its Falta, West Bengal facility.
Further, Phase II, involving an additional 600 MW cell line, is set for commissioning in Q1FY26, with a commercial start in July 2025. This ₹220 crore project is funded through internal accruals and bank financing, bringing total capacity to 1.2 GW solar cells and 550 MW modules.
Additionally, Phase III, a greenfield project, is in the planning stage. The Board has approved potential joint ventures or subsidiaries to expand its solar business further, with capacity details to be announced after completing regulatory formalities.
Robust Order Book
The company confidently announces that its order book for projected solar cell production in FY24-25 is completely filled, demonstrating strong demand for the Phase II capacity set to launch in July 2025.
The company is strengthening India’s solar supply chain by reducing import dependency. In solar modules, Websol has secured Rs. 116 crore in orders from the U.S., U.K., Africa, and India.
Written By – Nikhil Naik
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