Solar Stock Jumps 4% After Securing ₹172 Cr Orders for 85.5 MW Solar Modules

SYNOPSIS: The company secured Rs. 172 crore solar module orders totalling 85.5 MW, with deliveries due by May 2026, and confirmed U.S. solar tariffs will not affect operations as it has no exports there.

During Thursday’s session, the shares of one of the leading manufacturers of high-efficiency solar cells and solar modules in India surged more than 4 percent on BSE, after the company secured an order worth around Rs. 172 crores for solar modules and clarified regarding recently imposed U.S. tariffs on solar imports.

With a market cap of Rs. 2,427 crores, the shares of Websol Energy System Limited are currently trading in the green at Rs. 57.51, up by around 1 percent, as against its previous closing price of Rs. 56.96. The stock has delivered negative returns of about 42 percent in one year, and has fallen over 26 percent in the last one month.

News

Websol Energy System Limited has announced, through its latest exchange filings, that it has secured three new purchase orders aggregating 85.5 MW for solar modules. The total order value stands at around Rs. 172 crore, and production is already underway. The company expects to complete deliveries by May 2026.

The orders have been awarded by Bekem Infra Projects, Sri Avantika Contractors, and Kosol Energie, further strengthening Websol’s domestic order book and revenue visibility for the coming quarters.

Additionally, the company has clarified that the recently imposed 126 percent US tariffs on solar imports will not impact its business operations. As Websol does not currently export to the United States, its production pipeline and order execution remain insulated from these tariff-related developments.

Financials

Websol Energy System Limited is engaged in the business of manufacturing solar photovoltaic cells and modules. As of Q3 FY26, the company maintains a strong order book of Rs. 1,150 crores, of which the Solar Modules segment contributes 57 percent and the Solar Cells segment represents 43 percent.

The company reported a significant growth in consolidated revenue from operations of around 78 percent YoY, from Rs. 147 crores in Q3 FY25 to Rs. 261 crores in Q3 FY26. Likewise, its net profit increased during the same period from Rs. 42 crores to Rs. 65 crores, representing a rise of around 55 percent YoY during the same period.

This financial growth was primarily supported by the commissioning of Cell Line-2, a 600 MW Mono PERC facility at Falta, West Bengal, in September 2025. During Q3 FY26, Websol reported a consolidated cell capacity utilisation of 75 percent, with Cell Line-1 operating at 97 percent utilisation and Cell Line-2 at 54 percent as it continues to ramp up operations. In line with this improvement, module capacity utilisation increased significantly from 39 percent in Q1 FY26 to 64 percent in Q3 FY26.

Websol’s strategic expansion plan, announced in September 2025, is progressing steadily. In January 2026, Websol received approval for its proposed greenfield 4 GW solar cell and module manufacturing facility at MPSEZ, Naidupeta, in Tirupati district, Andhra Pradesh. This development follows the Memorandum of Understanding (MoU) signed with the Andhra Pradesh Economic Development Board (APEDB) in November 2025.

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