Websol registers 21.3% growth in revenue in Q3 of FY21

Feed Solar

Websol Energy Systems Limited, a listed Kolkata-based manufacturer of solar cells and modules, posted a handsome improvement in performance during the December ending quarter of the current financial year. The company reported a 21.3% improvement in revenuws during Q3FY21 over the preceding quarter.

“The improved performance of the company during the 3rd quarter is a reflection of the sharp turnaround in the ground realities of the RE sector in India,” said SL Agarwal, MD. “This improvement has been driven by forward looking Government in business quality. I am pleased to report that the company was able to moderate raw material costs as a percentage of revenues from 66% in the 2nd quarter to 63.5% in the 3rd quarter, strengthening overall margins and competiviness”.

The company reported a profit before tax of Rs53.63cr from operations in the third quarter compared with a profit before tax of Rs5.86cr in the seccond quarter.