Websol Energy Systems Limited shares made ₹61 lakh from ₹1 lakh in just 5 years? Know complete details

This Solar Company Made ₹61 Lakh from ₹1 Lakh in Just 5 Years

Websol Energy Systems Ltd, a prominent player in India’s solar industry, recently saw its shares hit a 5% lower circuit on the BSE, closing at ₹1,758.1. This company specializes in manufacturing solar cells and modules and currently boasts a market capitalization of ₹6,346 crore. The stock has experienced a notable increase of 1.1% from its previous closing price of ₹1,582.25.

Company’s Stock Performance

In the last five years, Websol Energy Systems has delivered exceptional returns, with stock prices surging from ₹24.5 in November 2019 to ₹1,503.15 today. An investment of ₹1 lakh five years ago would now be worth approximately ₹61.3 lakh, reflecting a staggering growth of about 6,035%.

Company’s Financial Performance

For Q2 FY25, Websol reported operating revenue of ₹143.5 crore, marking a 29% quarter-on-quarter increase. Its profit after tax reached ₹42 crore, showcasing a remarkable turnaround from a loss of ₹4 crore in the same period last year.

Future Expansion Plans

The company plans to expand its manufacturing capacity by adding a 600 MW mono PERC cell line at its Falta facility, backed by an investment of ₹220 crore. This expansion aims to bridge the demand-supply gap in the Domestic Content Requirement market.

Learn About Websol Energy Systems

Websol Energy Systems is at the forefront of India’s solar sector, focusing on photovoltaic crystalline solar cells and modules. The introduction of Mono PERC technology and plans to adopt Topcon technology underscore its commitment to innovation in the solar market.

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