Over 9,000 Per cent Returns: Kolkata Based Fast-Growing Solar Cell Maker Secures 100 MW Solar Cell Supply Order to Accelerate Expansion Plans in 2025-26
The stock price has given 116 per cent returns in the last year, while in the last 5 years, the stock has given a whopping 9,151 per cent returns.
Websol Energy System Limited, a leading manufacturer of high-efficiency solar cells and modules, is pleased to announce the signing of a significant purchase agreement with Luminous Power Technologies Private Limited (“Luminous”) for the supply of 100 MW of Mono PERC Solar Cells. This order, scheduled for delivery between April 2025 and April 2026, represents a key milestone in Websol’s ongoing growth strategy.
The agreement includes the provision of Mono PERC Solar Cells with an expected efficiency range of 23 per cent to 23.4 per cent. This order marks a pivotal step in Websol’s strategy to strengthen its production capacity and significantly expand its footprint in the rapidly growing renewable energy market.
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The 100 MW order is a key element of Websol’s expansion strategy, enhancing its domestic presence and operational infrastructure. This agreement further positions Websol to meet the increasing demand for high-performance solar energy solutions, supporting both domestic and international growth opportunities in the solar sector.
About Websol Energy System Limited
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.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 147.31 crore, reflecting a YoY growth of 28784.31 per cent compared to Rs 0.51 crore in December 2023. The operating profit stood at Rs 67.52 crore, compared to an operating loss of Rs 2.19 crore in the same quarter last year. The profit after tax (PAT) stood at Rs 41.56 crore, compared to a loss of Rs 54.64 crore in December 2023.
In FY24, the company posted a revenue of Rs 25.86 crore, registering a 50.17 per cent growth compared to Rs 17.22 crore in FY23. The net profit for the year stood at a loss of Rs 120.96 crore, compared to a loss of Rs 23.69 crore in the previous financial year.
The current market price of the company is Rs 1,202.25 with a market capitalisation of Rs 5,219.73 crore. The stock price has given 116 per cent returns in the last year, while in the last 5 years, the stock has given a whopping 9,151 per cent returns.
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