Websol Energy Reports Strong Financial Results for Q2 FY24-25

Websol Energy System, a midcap company in the renewable energy industry, has recently announced its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for the company is 'Hold'.

According to the financial report, Websol Energy has shown a very positive performance in the second quarter of FY24-25. The company's score has improved from 13 to 28 in the last three months.

The key highlights of the financials include a significant growth in net sales, which has increased by 53,056.25% year on year, reaching Rs 255.15 crore. This shows a very positive sales trend for the company.

The company has also seen a remarkable growth in Profit Before Tax less Other Income (PBT) in the quarter, which has increased by 1648.7% over the average PBT of the previous four quarters. This indicates a very positive near term trend for PBT.

Similarly, the Profit After Tax (PAT) has also shown a significant growth of 1416.9% over the average PAT of the previous four quarters. This reflects a very positive near term trend for PAT.

Moreover, the company's net sales for the half yearly period have already surpassed the sales of the previous twelve months, reaching Rs 255.15 crore.

In terms of operating profit, Websol Energy has achieved its highest PBDIT of Rs 62.66 crore in the last five quarters, indicating a positive near term trend. The company has also recorded its highest PBT of Rs 48.32 crore in the last five quarters, showing a positive trend for PBT.

The company's earnings per share (EPS) have also reached its highest at Rs 9.95 in the last five quarters, indicating an increase in profitability and higher earnings for shareholders.

Furthermore, Websol Energy has also shown improvement in short term liquidity with its highest cash and cash equivalents of Rs 46.80 crore in the last six half yearly periods.

Overall, the financial results of Websol Energy for the quarter ending September 2024 have been very positive, with the company showing growth in various key areas. This reflects the company's strong performance and potential for future growth in the renewable energy industry.