Websol Energy reports strong revenue growth, net loss increases
Post date: 19/02/2014
In its financial results for the third quarter of fiscal year 2013-2014, Indian monocrystalline solar cell and module producer Websol Energy Systems Ltd. reported sales of 90.98 crore INR ($14.4 million), up considerably from 29.46 crore INR for the same quarter a year earlier. Net loss for the quarter ended Dec. 31, 2013 increased to 17.35 crore INR, from 7.26 crore INR for the prior year.
Websol, together with Indian solar manufacturers Indosolar Ltd. and Jupiter Solar Power Ltd., filed a petition with Indian authorities in November 2012 to start an antidumping investigation into solar cells and modules imported from the EU and Japan.