Multibagger Solar Company with 47,750 Per cent Revenue Growth and Over 1,163 Per cent Profit Increase in Q2 FY25 Hits Upper Circuit Today – FIIs Bought Additional 0.47 Per cent Stake!
The company’s shares have delivered a multibagger 600 per cent return in just 6 months only.
Websol Energy System Ltd is involved in manufacturing photovoltaic crystalline solar cells and related modules in India. The company specializes in producing solar cells and PV modules, which are utilized in commercial and industrial solar energy panels in India and internationally. Today, the company’s shares have hit the upper circuit in the opening session.
At the start of the day's trading session, shares of Websol Energy System Ltd opened at Rs 1311.80 per share, compared to the previous day's closing figure of Rs 1285.60 per share on the BSE. Currently, the shares are at Rs 1349.85 per share. The stock has hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 5697 crore, and the stock has generated an impressive multibagger return of over 600 per cent in the past 1 year.
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As per the Quarterly Results, in Q2 FY25, Websol Energy System Ltd recorded a revenue of Rs 144 crore representing a gain of 47,750 per cent YoY. The operating profit for Q2 FY25 stood at Rs 63 crore with an operating profit margin of around 44 per cent. The net profit for Q2 FY25 was Rs 42 crore representing a gain of 1,163 per cent YoY compared to a loss of Rs 4 crore. Looking at the annual performance, the company generated a revenue of Rs 26 crore in FY24, compared to Rs 17 crore in FY23. The operating loss for FY24 was Rs 8 crore with a net loss of Rs 121 crore.
According to the shareholding pattern of Websol Energy System Ltd, promoters own a 27.71 per cent stake, while public investors hold 71.80 per cent. FIIs holds a 0.48 per cent stake in the company which was earlier 0.01 per cent only.
Investors must keep this Small-Cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.