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Websol Energy shares jump 14% after winning ₹73 Cr income-tax dispute, here’s detail

Websol Energy System Limited won a tax appeal for AY 2017-18, nullifying a ₹73.04 crore demand previously raised by the Assessing Officer under Section 115JB.

Introduction

Leading renewable energy company received a favourable order from the Commissioner of Income Tax (Appeals), Kolkata, nullifying a ₹73.04 crore tax demand for assessment year 2017-18 previously raised by the AO.

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Share price movement of Websol Energy

On December 24, 2025, Websol Energy System Ltd opened at ₹86.45, up 1.10% from its previous close of ₹85.50. The stock reached a high of ₹97.55 (14.17%) and a low of ₹86.25. At 11:30 AM, it traded at ₹93.55, a 9.42% increase, with a market capitalization of ₹3,948.40 crore.

Websol Energy Wins ₹73 Crore Tax Appeal

Websol Energy System Limited received a favourable order from the Commissioner of Income Tax (Appeals), Kolkata, for assessment year 2017-18. The appeal overturned the earlier tax demand by the Assessing Officer.

In March 2024, the AO had made additions of ₹184.99 crore under Section 115JB and disallowed expenses of ₹1.51 crore, raising a total tax demand of ₹73.04 crore.

Following the CIT(Appeals) order, the ₹73.04 crore tax demand is no longer payable. The amount was previously disclosed as a contingent liability and now removes a potential financial burden.

Stock performance of Websol Energy for Period of 1 week, 6 months, and 1 year

Websol Energy System Ltd delivered a 3.74% return over the past week, declined 35.1% over the past six months, and fell 52.9% over the past year.

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Shareholding pattern of Websol Energy

ParticularsSep 2025Jun 2025Mar 2025
Promoter28%28%28%
FII5.50%4.40%4.20%
DII0.30%0.40%0.00%
Public66.60%67.50%68.00%

About Websol Energy

Websol Energy System Ltd (NSE: WEBELSOLAR) is an Indian company manufacturing photovoltaic crystalline solar cells and related modules, focusing on producing high-quality solar energy products for domestic and commercial renewable energy applications.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Websol Energy System Ltd share price going up today?

A: Websol Energy System Ltd share price rose after winning a tax appeal for AY 2017-18, cancelling a ₹73.04 crore tax demand.

Q: What does Websol Energy System Ltd specialize in?

A: Websol Energy System Ltd specializes in manufacturing photovoltaic crystalline solar cells and related modules for renewable energy applications in India.

Q: What is the market capitalization of Websol Energy System Ltd?

A: Websol Energy System Ltd has a market capitalization of ₹3,948.40 crore as of December 24, 2025.

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