Websol Energy System , a leading player in the solar energy sector, has reported impressive financial results for the second quarter. The company's performance showcases significant growth across key financial metrics, reflecting its strong position in the market.

Financial Highlights

Websol Energy System has demonstrated robust growth in the second quarter, with revenue rising to ₹1,682.20 crore from ₹1,435.50 crore in the same period last year, marking a significant 21.00% year-on-year increase. This substantial revenue growth underscores the company's expanding market presence and strong demand for its products.

Profitability and Operational Efficiency

The company's net profit saw a healthy increase, rising to ₹463.20 crore compared to ₹419.80 crore in the corresponding quarter of the previous year, representing a 10.30% growth. This improvement in profitability indicates effective cost management and operational efficiency.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew to ₹730.00 crore from ₹626.60 crore year-on-year, showcasing a 16.50% increase. This growth in EBITDA reflects the company's ability to enhance its operational performance and manage costs effectively.

However, it's worth noting that the EBITDA margin experienced a slight decline, moving from 43.65% in the previous year to 43.45% in the current quarter. This marginal decrease of 0.20 percentage points suggests that while the company has grown its revenue and absolute EBITDA, there might be some pressure on margins, possibly due to increased input costs or competitive market conditions.

Expansion and Future Outlook

In a significant development, Websol Energy System has expanded its manufacturing capabilities. The company has commissioned an additional 600 MW Mono PERC Bifacial Solar Cell Line manufacturing facility, with commercial production commencing on September 27, 2025. This expansion is expected to contribute to increased production capacity and potentially higher revenues in the coming quarters.

Corporate Actions

The company has also announced a stock split, which was approved by shareholders on September 29, 2025. Each equity share with a face value of ₹10 will be split into 10 equity shares with a face value of ₹1 each. The record date for this corporate action has been set for November 14, 2025. This stock split may enhance liquidity and make the shares more accessible to a broader range of investors.

Websol Energy System's strong quarterly performance, coupled with its expansion initiatives and shareholder-friendly actions, positions the company favorably in the competitive solar energy market. Investors and market watchers will likely keep a close eye on how these developments translate into long-term growth and shareholder value.

Websol Energy System Limited has initiated a postal ballot to seek shareholder approval for the re-appointment of Ms. Sanjana Khaitan as Wholetime Director (Executive) for a three-year term. This move comes after the proposal was narrowly rejected at the company's Annual General Meeting held on September 29, 2025.

Key Details of the Proposal

Background and Qualifications

Ms. Khaitan, aged 28, brings a strong educational background to the role:

• Bachelor's degree in Commerce from Shri Ram College of Commerce, University of Delhi
• Postgraduate degree in Finance from Judge Business School, University of Cambridge

Contributions to Websol Energy System

Since joining the company, Ms. Khaitan has played a crucial role in:

• Executing Phase I: 600 MW Solar Cell Line and 550 MW Solar Module Line
• Implementing Phase II: Additional 600 MW Solar Cell Line

Her leadership has been instrumental from the dismantling of the old plant to the successful commissioning of new facilities.

Company's Future Plans

Websol Energy System has plans to establish:

• 4 GW Solar Cell Line
• 4 GW Solar Module Line

The Nomination and Remuneration Committee considers Ms. Khaitan's continued involvement critical for realizing these projects.

Voting Process

• Remote e-voting period: October 24, 2025 (9:00 A.M. IST) to November 22, 2025 (5:00 P.M. IST)
• Cut-off date for eligible shareholders: October 10, 2025
• E-voting services provided by: National Securities Depository Limited (NSDL)

Shareholders are encouraged to participate in the voting process to determine the future leadership of Websol Energy System.

Corporate Governance Considerations

The re-nomination of Ms. Khaitan, despite the previous rejection at the AGM, underscores the board's confidence in her abilities. However, it also raises questions about shareholder sentiment and the company's responsiveness to investor concerns. The outcome of this postal ballot will be a significant indicator of shareholder alignment with the board's vision for the company's future.