Websol Energy System Limited · NSE:WEBELSOLAR
Websol Energy System — Q2 FY27 Earnings Presentation
33 slides from Websol Energy System's earnings presentation, Nov 4, 2026
Slide 1: Exchange cover letter: Press Release & Investor Presentation
Date: 4th November, 2026 To, To, The Manager Listing, The Manager Listing, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Floor 25, Bandra Kurla Complex, PJ Towers, Dalal Street, Bandra (E) Mumbai: 400051 Mumbai: 400 001 Scrip Code- WEBELSOLAR Scrip Code- 517498 Sub: Press Rele
Slide 2: Websol Energy Q2FY27 PAT Jumps 73% YoY to ₹80 Crore
PRESS RELEASE Websol Energy Q2FY27 PAT Jumps 73% YoY to ₹80 Crore Revenue More Than Doubles to ₹361 Crore (YoY) Kolkata, 4 November, 2026: Websol Energy System Limited, (“Websol” or the “Company”) (BSE: 517498; NSE: WEBELSOLAR), one of the leading manufacturers of high-efficiency solar cells and sol
Slide 3: Press release: management commentary and company background
Situated near the Company’s existing Falta SEZ operations, this expansion leverages over 30 years of operational history, a skilled regional workforce, and an established supply chain to accelerate project timelines. The initiative reinforces Websol’s position as a major integrated solar manufacturi
Slide 4: Q2 FY27 Investor Presentation
Q2 FY 27 Quarter ended 30th September 2026 EARNINGS PRESENTATION Websol Energy System Limited BSE 517498 NSE WEBELSOLAR
Slide 5: Table of Contents
Table of Contents 01 Results Summary 03 02 Company Overview 09 03 Industry Outlook 15 04 Business Update 18 05 Financial Performance 24 02
Slide 6: Results Summary
01 RESULTS SUMMARY 03
Slide 7: Headline Performance
Headline Performance Q2 FY2027 REVENUE FROM OPERATIONS EBITDA PROFIT AFTER TAX ₹ 361 Cr ₹ 128 Cr ₹ 80 Cr +114.6 % Y-o-Y +77.3 % Y-o-Y +73.2 % Y-o-Y MARGINS 53.0 % 35.5 % 22.0 % GROSS MARGIN EBITDA MARGIN PAT MARGIN CAPITAL BASE * 44.9 % 56.2 % ₹ 777 Cr ₹ 165 Cr RETURN ON EQUITY RETURN ON CAPITAL NET
Slide 8: Continuing the Growth Journey
Continuing the Growth Journey Sustaining the momentum in Q2 FY27 All amounts in ₹ Cr REVENUE FROM OPERATIONS EBITDA* PROFIT AFTER TAX 1,049 303 429 575 253 155 361 128 80 168 72 46 FY25 FY26 Q2 FY26 Q2 FY27 FY25 FY26 Q2 FY26 Q2 FY27 FY25 FY26 Q2 FY26 Q2 FY27 +82.4% +114.6% +69.6% +77.3% +95.8% +73.2
Slide 9: Carrying Strong Momentum through FY27
Carrying Strong Momentum through FY27 The scale-up continues in Q2 FY27 Progress on Expansion In Debt Pre-closed Focus On New TOPCon West Bengal Products Upgradation of one Mono PERC cell 54.20 acres allotted at Falta Entire ₹110 Cr IREDA term loan Launch of solar kits for diverse line to TOPCon res
Slide 10: Strengthening Financial Position
Strenghthening Financial Position Debt-free position strengthens financial flexibility for future growth Entire IREDA term loan prepaid from internal accruals, releasing the pledge on promoter shares W H AT I T M E A N S ₹ 110 CRORE 4th AUGUST 2026 Funded entirely from internal accruals, with no fre
Slide 11: Management Outlook
Management Outlook FY27 will be the year – our year of acceleration “The first six months kept our existing manufacturing lines active while we advanced product and technology improvements. The land allotment in Falta is especially meaningful – it lets us expand close to a team, supplier base and ma
Slide 12: Company Overview
“a —_ i, WEBS°L COM PANY OVE RVIEW 37 tes ovontagnany
Slide 13: Company Overview
Company Overview A legacy built on three decades of resilience 1990 30+ 1.2 GW 23 %+ 550 MW 4 GW ESTABLISHE D YEARS OF CELL AVERAGE CELL MODULE TOPCON OPERATION CAPACITY EFFICIENCY CAPACITY PIPELINE Among India's earliest Continuous Incremental 150 MW Industry-leading Forward integrated to Greenfiel
Slide 14: Technology and Capacity Evolution
Technology and Capacity Evolution Driving solar excellence through continuous technological innovation and capacity expansion C E L L T E C H N O LO GY A N D P E A K O U T P U T MULTI-CRYSTALLINE MONO PERC TOPCON WHY CELL FORMAT MATTERS CONVENTIONAL MONO-CRYSTALLINE 9.5 Wp Solar cells sit at the hea
Slide 15: Strong Foundation, Proven Execution
Strong Foundation, Proven Execution Scaling high-efficiency capacity to capture India’s solar mandate 01 02 03 Unmatched Legacy Operating Agility High Efficiency and Utilization Second cell production line Pioneer of solar manufacturing in India commissioned in under 12 months and Mono PERC cell lin
Slide 16: Experienced and Seasoned Management
Experienced and Seasoned Management Strong professional experience driving sustainable business performance Mr. Sohan Lal Ms. Sanjana Mr. Sanjay Mrs. Vasanthi Agarwal Khaitan Kumar Sreeram MANAGING EXECUTIVE NON-EXECUTIVE CHIEF DIRECTOR DIRECTOR DIRECTOR TECHNICAL OFFICER Pioneer of solar manufactur
Slide 17: Board of Directors
Board of Directors Diverse Board expertise across key domains Mr. Sohan Lal Ms. Sanjana Mr. Sanjay Agarwal Khaitan Kumar MANAG ING E XE CUTIVE NON-E XE CUT I VE DIRE CTOR DIRE CTOR DIRE CTOR Founder of Websol, he has led its solar A finance post-graduate from the A BTech from NIT Kurukshetra, with 3
Slide 18: Industry Outlook
03 INDUSTRY OUTLOOK 15
Slide 19: India on the Road to 500 GW by 2030
India on the Road to 500 GW by 2030 Record solar additions: ~45 GW added in FY26 as installed capacity heads towards the 280 GW target India installed solar capacity (GW) record solar capacity added in FY26, nearly 22% CAGR (FY19–FY30E) 280 ~45 GW double FY25's 24.4 GW non-fossil share of installed
Slide 20: India's Solar PV Market
India's Solar PV Market Installations quadrupled between FY23 and FY26 TOTAL MARKET SIZE – INDIA'S CUMULATIVE INSTALLED SOLAR CAPACITY EMERGING DEMAND AVENUES Utility scale 47% · 20.8 GW p.a. AI / cloud data centres Large projects supplying DISCOMs under 17% signed power purchase agreements. 30–40 G
Slide 21: Business Update
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Slide 22: High-Capacity Utilization and Efficiency
High-Capacity Utilization and Efficiency Sustained momentum across cell and module operations CELL PRODUCTION MW MODULE PRODUCTION MW 258 259 255 95 103 211 82 88 116 38 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 C E L L C A P ACIT Y UT IL IS A T ION % M OD UL E
Slide 23: Robust Order Book
Robust Order Book Healthy and growing demand visibility supporting consistent growth and future execution ORDER BOOK MIX BY PRODUCT ₹ Cr ₹ 1,278 Cr ₹ 1,280 Cr OPENING ORDER BOOK CLOSING ORDER BOOK As at the close of Q1 FY27 As at the close of Q2 FY27 ORDER BOOK MOVEMENT, Q2 FY27 ₹ Cr 45% 1,278 1,280
Slide 24: New Projects Pipeline
New Projects Pipeline 3 projects in sequence: brownfield upgrade, phased greenfield expansion and backward integration TOPCon upgrade 4 GW integrated cell facility Ingot and wafer facility Brownfield expansion Greenfield project Greenfield expansion Upgrading a 600 MW Mono PERC line to 750 MW 54.20
Slide 25: New Land for 4 GW Expansion
New Land for 4 GW Expansion 54.20 acres allotted by the Government of West Bengal at Falta Industrial Park 54.20 ACRES 4 GW L AND ALLOTTED CELL INTEGRATED CAPACITY 2 x 2 GW FALTA, WEST BENGAL PHASED DEVELOPMENT NEXT TO EXISTING SEZ PL ANT ₹ 27.13 CRORE Q3 FY28 AMOUNT PAID FOR L AND EXPECTED COD (PHA
Slide 26: TOPCon Upgrade on Track
TOPCon Upgrade on Track 600 MW PERC line to 750 MW TOPCon – civil work and equipment installation progressing Project timeline, March 2026 – March 2027 Mar 26 Apr 26 May 26 Jun 26 Jul 26 Aug 26 Sep 26 Oct 26 Nov 26 Dec 26 Jan 27 Feb 27 Mar 27 Civil work March 2026 → November 2026 Ordering and instal
Slide 27: Financial Performance
WEBS°L POWERING TOMORROW'S ENERGY FINANCIAL PERFORMANCE
Slide 28: Quarterly Financial Performance
Quarterly Financial Performance Steady financial performance with continued momentum across key metrics REVENUE FROM OPERATIONS ₹ Cr EBITDA* ₹ Cr PROFIT AFTER TAX ₹ Cr 125** 146 401 128 126 373 361 106 80 78 261 65 72 46 168 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2
Slide 29: Profit and Loss Statement
Profit and Loss Statement Rs. Cr Particulars Q2 FY27 Q2 FY26 Y-o-Y (%) Q1 FY27 Q-o-Q (%) H1 FY27 H1 FY26 Y-o-Y (%) Revenue from Operations 361 168 114.6% 373 (3.1)% 734 387 89.6% Other Income 4 3 31.4% 4 (1.6)% 9 5 59.2% Total Income 365 172 113.0% 377 (3.1)% 742 392 89.2% Cost of Material Consumed
Slide 30: Balance Sheet
Balance Sheet Rs. Cr Equity and Liabilities Sep-26 Mar-26 Assets Sep-26 Mar-26 Equity Share Capital 43 43 Property, Plant and Equipment 406 446 Other Equity 733 587 Right of Use Assets 11 12 Total Equity 777 631 Capital Work-in-progress 31 1 Financial Liabilities Other Intangible Assets 0.4 0.5 Borr
Slide 31: Cash Flow Statement
Cash Flow Statement Rs. Cr Particulars H1 FY27 H1 FY26 Cash Flow from Operating Activities Profit before Tax 211 151 Adjustment for Non-Operating Items 43 26 Operating Profit before Working Capital Changes 254 177 Changes in Working Capital (10) (40) Cash Generated from Operations 244 137 Less: Dire
Slide 32: Capital Efficiency
Capital Efficiency Strengthened balance sheet well positioned for the next leg of growth RETURN ON EQUITY NET DEBT % ₹ Cr 80 67 45 183 65 (81) (34) FY24 FY25 FY26 H1FY27 FY24 FY25 FY26 H1FY27 (165) NET WORTH ₹ Cr CASH FLOW FROM OPERATIONS ₹ Cr 777 631 255 212 167 278 108 35 FY24 FY25 FY26 H1FY27 FY2
Slide 33: Disclaimer
Disclaimer FOR FURTHER INFORMATION: This presentation, provided by Websol Energy System Limited, is intended for informational purposes only and is not an offer, invitation or inducement to sell or issue securities. It is not intended to be a prospectus under the laws of any jurisdiction. The inform