Websol Energy Reports Net Loss Of Rs 42.94 Crore For Q3 (21-Feb-2012)
Websol Energy System has reported results for third quarter ended December 31, 2011.
The company has posted a net loss of Rs 42.94 crore for the quarter ended December 31, 2011 as compared to a net profit of Rs 0.63 crore for the same quarter in the previous year. Total income has declined by 79.43% from Rs 52.56 crore for Q3FY11 to Rs 10.81 crore in the quarter under review.
Websol Energy Systems is a leading producer of Solar Photovotaic Cells and Modules in India. It is one of the fastest growing companies within the solar photovoltaic industry in India with a 30 per cent annual growth rate and a 10 MW manufacturing facility for cells and modules.
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