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Waaree Renewable FY26 Revenue Surges 108% to ₹3,331 Cr; PAT Up 109% on Record Execution
Waaree Renewable Technologies reported a stellar FY26 with revenue doubling to INR 3,331.42 crores and PAT increasing 109% to INR 478.65 crores. The company achieved its highest-ever annual execution of 2,727 MWp, maintaining a strong EBITDA margin of 19.24%. The current unexecuted order book of 2.83 GWp and a massive 36 GW bidding pipeline provide high revenue visibility for the coming years.
Key Highlights
FY26 Revenue and PAT grew by 108.5% and 109.1% YoY respectively, driven by record project execution of 2,727 MWp.
Unexecuted order book stands at 2.83 GWp with an additional bidding pipeline of 36 GW (23 GW domestic, 12 GW international).
EBITDA margins remained robust at 19.24% for FY26, significantly exceeding management's conservative long-term guidance of 15%.
O&M portfolio expanded to 1.18 GWp, enhancing recurring revenue and long-term customer stability.
Q4 FY26 revenue stood at INR 1,102.40 crores with a PAT of INR 155.72 crores, reflecting 66% YoY growth.
💼 Action for Investors
Investors should maintain a positive outlook given the strong execution track record and massive order pipeline. Key monitorables include the conversion rate of the 36 GW pipeline and the impact of module price fluctuations on future EPC margins.
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Waaree Renewable FY26 Revenue Surges 108% to ₹3,331 Cr; Order Book at 2.8 GWp
Waaree Renewable Technologies reported a stellar FY26 with revenue reaching ₹3,331.42 crore, representing a 111.73% CAGR over the last three years. The company maintains a robust unexecuted order book of 2,832 MWp, supported by massive projects like the 2,012 MWp Bikaner site. Financial health remains exceptionally strong with an ROE of 68.93% and an EBITDA margin of 19.24%, reflecting high execution efficiency in the solar EPC space.
Key Highlights
FY26 Revenue from operations grew to ₹3,331.42 Cr, more than doubling from ₹1,598 Cr in FY25.
Exceptional return ratios with ROE at 68.93% and ROCE at 62.54% for the financial year.
Unexecuted order book stands at 2,832 MWp, providing strong revenue visibility for the upcoming fiscal year.
O&M portfolio expanded to ~1,180 MWp, building a steady stream of recurring high-margin service income.
Successfully commissioned a cumulative total of 5.06 GWp solar projects to date.
💼 Action for Investors
Investors should focus on the company's superior execution capabilities and high return ratios which lead the industry. The massive 2.8 GWp order book suggests continued growth, though monitoring module price volatility and its impact on EPC margins is advised.
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Waaree Renewable Tech Approves FY26 Audited Results; Re-appoints Auditors for 5-Year Term
Waaree Renewable Technologies Limited has approved its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors issued an unmodified opinion, indicating transparent financial reporting. The board also re-appointed M/s KKC & Associates LLP as Statutory Auditors for a five-year term and appointed M/s KC Mehta & Co. LLP as Internal Auditors for FY 2026-27. While subsidiaries reported a small net loss of ₹34.11 lakhs for the year, their total assets are significant at ₹11,814.26 lakhs.
Key Highlights
Approved audited financial results for FY 2025-26 with an unmodified audit opinion.
Re-appointed M/s KKC & Associates LLP as Statutory Auditors for a 5-year term until the 32nd AGM.
Subsidiaries reported total assets of ₹11,814.26 lakhs as of March 31, 2026.
Consolidated net loss for subsidiaries stood at ₹34.11 lakhs for the full financial year on revenue of ₹26.59 lakhs.
Appointed M/s KC Mehta & Co. LLP as Internal Auditor for the financial year 2026-27.
💼 Action for Investors
Investors should monitor the full financial report to evaluate the growth in the core EPC business versus the minor losses in subsidiaries. The unmodified audit opinion and long-term auditor appointment suggest stable corporate governance.
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Waaree Renewable FY26 PAT Doubles to ₹478.65 Cr; Order Book at 2.83 GWp
Waaree Renewable Technologies delivered a stellar performance for FY26, with both revenue and PAT growing by over 100% year-on-year. Revenue reached ₹3,331.42 crores, while PAT stood at ₹478.65 crores, driven by strong execution in the solar EPC space. The company holds a robust unexecuted order book of 2.83 GWp to be completed within 12-15 months and a massive bidding pipeline of over 36 GWp. While annual margins remained stable, Q4FY26 saw a contraction in EBITDA margins to 18.76% from 26.51% in the previous year's quarter.
Key Highlights
FY26 Revenue from operations grew 108.51% YoY to ₹3,331.42 crores
FY26 Profit After Tax (PAT) surged 109.09% YoY to ₹478.65 crores
Unexecuted order book of 2.83 GWp provides strong revenue visibility for the next 12-15 months
Bidding pipeline remains highly active at over 36 GWp
Q4FY26 revenue grew 131.31% YoY, although quarterly EBITDA margins dipped to 18.76%
💼 Action for Investors
Investors should view the massive growth in revenue and the strong order book as a sign of market leadership in solar EPC. However, it is important to monitor the quarterly margin volatility to ensure execution costs are being managed effectively.
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Waaree Renewable Re-appoints Statutory Auditors for 5 Years; Approves FY26 Audited Results
Waaree Renewable Technologies has approved its audited financial results for the fiscal year ending March 31, 2026, with an unmodified audit opinion. The board has recommended the re-appointment of M/s KKC & Associates LLP as Statutory Auditors for a five-year term, ensuring continuity in financial oversight. Additionally, M/s KC Mehta & Co. LLP has been appointed as the Internal Auditor for FY 2026-27. The group's consolidated assets reached Rs. 11,814.26 lakhs, although subsidiaries currently contribute minimal revenue of Rs. 26.59 lakhs for the year.
Key Highlights
Re-appointment of M/s KKC & Associates LLP as Statutory Auditors for a 5-year term until the 32nd AGM.
FY26 Audited Financial Results approved with a clean (unmodified) audit opinion.
Consolidated financial statements include four subsidiaries with total assets of Rs. 11,814.26 lakhs.
Appointment of M/s KC Mehta & Co. LLP as Internal Auditor for the 2026-27 financial year.
💼 Action for Investors
The unmodified audit opinion and long-term auditor appointment provide assurance regarding financial transparency; investors should monitor the scaling of subsidiary operations which currently contribute negligible revenue.
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Waaree Renewable Technologies Approves FY26 Audited Results; Re-appoints Statutory Auditors
Waaree Renewable Technologies Limited has approved its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The statutory auditors issued an unmodified opinion, indicating a clean bill of health for the company's financial reporting. The board also confirmed the re-appointment of KKC & Associates LLP as Statutory Auditors for a five-year term and appointed KC Mehta & Co. LLP as Internal Auditors. While the full group P&L was not detailed in the summary, the company's subsidiaries reported total assets of Rs. 118.14 crore.
Key Highlights
Approved audited financial results for FY26 with an unmodified (clean) audit opinion from auditors.
Re-appointed KKC & Associates LLP as Statutory Auditors for a five-year term (FY27 to FY31).
Subsidiaries reported total assets of Rs. 11,814.26 lakhs (approx. Rs. 118.14 crore) as of March 31, 2026.
Subsidiaries' combined revenue for FY26 stood at Rs. 26.59 lakhs with a net loss of Rs. 34.11 lakhs.
Appointed KC Mehta & Co. LLP as Internal Auditors for the Financial Year 2026-27.
💼 Action for Investors
Investors should monitor the full financial statement for consolidated revenue and profit growth figures once the complete report is released. The clean audit report and continuity in auditing firms suggest stable corporate governance.
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Waaree Renewable Shareholders Approve Higher Investment and Loan Limits with 98.14% Majority
Shareholders of Waaree Renewable Technologies have passed a special resolution to increase the limits for loans, guarantees, and investments under Section 186 of the Companies Act. The resolution was approved with an overall majority of 98.14%, providing the company with enhanced financial flexibility for capital allocation. However, there was significant dissent from public institutional investors, with 86.88% of their votes cast against the proposal. The promoter group's 100% support was the primary driver for the resolution's successful passage.
Key Highlights
Special resolution to increase Section 186 limits passed with 7,89,10,239 votes in favor (98.14%).
Promoter group provided 100% support with 7.75 crore votes cast in favor.
Public institutional investors showed high dissent, with 14.88 lakh votes (86.88% of their category) against the resolution.
The approval allows the board to exceed standard thresholds for inter-corporate loans and securities.
The voting process was conducted via postal ballot from March 16, 2026, to April 14, 2026.
💼 Action for Investors
Investors should monitor the company's subsequent capital allocation and any large inter-corporate loans, especially given the high level of institutional opposition to this resolution. While it provides growth flexibility, the dissent suggests a need for transparency in how these expanded limits will be utilized.
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Waaree Renewable Seeks Approval to Increase Investment & Loan Limit to ₹2,000 Crore
Waaree Renewable Technologies Limited (WAAREERTL) has initiated a postal ballot to seek shareholder approval for a significant increase in its financial limits. The company proposes a new threshold of ₹2,000 crore for providing loans, guarantees, and making investments under Section 186 of the Companies Act, 2013. This proposed limit is substantially higher than the standard statutory limits based on paid-up capital and free reserves. The e-voting process will conclude on April 14, 2026, providing the board with expanded financial flexibility for future growth or subsidiary support.
Key Highlights
Proposed increase in the limit for loans, guarantees, and investments to ₹2,000 crore.
The resolution is sought under Section 186 of the Companies Act, 2013, to exceed standard statutory thresholds.
Remote e-voting period is scheduled from March 16, 2026, to April 14, 2026.
The cut-off date for determining shareholder eligibility to vote is March 06, 2026.
Approval will allow the board to acquire securities or provide financial support to other bodies corporate at its discretion.
💼 Action for Investors
Investors should monitor for future announcements regarding specific projects or acquisitions that may utilize this ₹2,000 crore limit. While it signals aggressive growth intent, it also increases the company's exposure to inter-corporate financial risks.
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Waaree Renewable Approves 66,809 ESOPs and Seeks Higher Investment Limits
Waaree Renewable Technologies Limited held a board meeting on March 13, 2026, resulting in three key decisions. The board approved the grant of 66,809 stock options to eligible employees under the 2022 ESOP plan. Significantly, the company is seeking shareholder approval via postal ballot to increase the threshold for loans, guarantees, and investments under Section 186 of the Companies Act. Additionally, the company updated its internal Code of Fair Disclosure to align with the latest SEBI Insider Trading regulations.
Key Highlights
Approved the grant of 66,809 stock options under the Waaree RTL ESOP 2022 plan.
Initiated a postal ballot to increase limits for loans, guarantees, and securities under Section 186.
Revised the Code of Practices and Procedures for Fair Disclosure of UPSI to meet SEBI requirements.
The board meeting was conducted efficiently within a 30-minute window on March 13, 2026.
💼 Action for Investors
Investors should monitor the upcoming postal ballot notice to see the specific revised limits for Section 186, as this indicates the company's future capacity for capital deployment or inter-corporate loans.
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Waaree Renewable Bags Major 300 MWac/420 MWp Solar EPC Order
Waaree Renewable Technologies Limited (WAAREERTL) has signed a contract for the Engineering, Procurement, and Construction (EPC) of a 300 MWac / 420 MWp Ground Mount Solar PV Plant. The order was awarded by a domestic renewable energy power generation company and is scheduled for completion in FY 2027-28. This significant win bolsters the company's project pipeline and ensures medium-term revenue visibility. The contract is a commercial order with no promoter interest or related party involvement.
Key Highlights
Signed EPC contract for a 300 MWac (420 MWp) Ground Mount Solar PV Plant
Project execution is scheduled for completion during the financial year 2027-28
Awarded by a domestic entity specializing in renewable energy power generation
The contract is a commercial order and is not a related party transaction
💼 Action for Investors
Investors should view this as a positive development for the order book, providing revenue visibility through FY28. Monitor the company's execution efficiency and margin management as it scales its project portfolio.
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India Ratings Places Waaree Renewable's INR 258M Bank Facilities on Rating Watch
India Ratings and Research (Ind-Ra) has placed Waaree Renewable Technologies Limited's bank loan facilities worth INR 258 million on 'Rating Watch with Developing Implications'. The facilities, primarily involving the Indian Renewable Energy Development Agency Limited (IREDA), currently hold an 'IND A' rating. This 'Watch' status indicates that the rating could change based on upcoming developments or further information. Investors should note that while the current rating is investment grade, the developing implications suggest a period of uncertainty regarding the credit profile.
Key Highlights
Bank loan facilities totaling INR 258.00 million placed on Rating Watch with Developing Implications.
The current credit rating assigned by India Ratings is 'IND A'.
The primary lender for the rated facilities is the Indian Renewable Energy Development Agency Limited (IREDA).
The rating action was officially communicated to the company on February 05, 2026.
The 'Developing Implications' status suggests potential for rating movement based on future events or data.
💼 Action for Investors
Investors should monitor the upcoming detailed credit rating rationale to understand the specific factors causing the 'Developing Implications' status. Maintain a neutral stance until the rating agency provides a final outlook or rating resolution.
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Waaree Renewable Credit Rating Upgraded to CARE A+; Bank Facilities Enhanced to ₹2,227 Crore
CARE Ratings has upgraded the credit ratings for Waaree Renewable Technologies Limited across its bank facilities. The long-term rating has been raised to 'CARE A+; Stable' from 'CARE A; Stable', while the short-term rating moved to 'CARE A1+' from 'CARE A1'. Furthermore, the company's total rated bank facilities have been significantly enhanced to ₹2,227.37 crore from approximately ₹1,423 crore, reflecting improved financial performance and higher credit requirements for project execution.
Key Highlights
Long-term bank facility rating upgraded to CARE A+ (Stable) from CARE A (Stable)
Short-term bank facility rating upgraded to CARE A1+ from CARE A1
Total bank facility limits enhanced to ₹2,227.37 crore, including a ₹2,200 crore LT/ST limit
Upgrade is based on strong operational and financial performance for FY25 and 9MFY26
Major credit limits assigned to ICICI Bank (₹400 cr), IDFC First (₹300 cr), and Yes Bank (₹300 cr)
💼 Action for Investors
The rating upgrade and limit enhancement indicate a strengthening balance sheet and improved ability to secure funding for large-scale solar projects. Investors should view this as a positive indicator of reduced credit risk and potential for lower borrowing costs in the future.
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Waaree Renewable to Acquire 55% Stake in Associated Power Structures for INR 1,225 Crores
Waaree Renewable Technologies Limited (WRTL) has signed a binding term sheet to acquire a 55% majority stake in Associated Power Structures Limited (ASPL) for approximately INR 1,225 crores. ASPL is a power transmission and distribution infrastructure company that has shown explosive growth, with its turnover nearly doubling from INR 619.76 crore in FY24 to INR 1,216.91 crore in FY25. This strategic move allows WRTL to vertically integrate its renewable energy offerings with power distribution capabilities. The acquisition is a cash deal expected to be completed by April 30, 2026.
Key Highlights
Acquisition of ~55% stake in ASPL for a total consideration of INR ~1,225 crores via primary and secondary routes.
ASPL turnover grew significantly from INR 416.80 crore in FY23 to INR 1,216.91 crore in FY25.
Target company ASPL reported a net worth of INR 339.53 crore and total assets of INR 834.15 crore as of March 31, 2025.
The deal expands WRTL's presence into the Power Transmission and Distribution (T&D) infrastructure sector.
The acquisition is expected to be finalized by April 30, 2026, making ASPL a subsidiary of WRTL.
💼 Action for Investors
Investors should view this as a significant expansion move that diversifies Waaree's portfolio into the critical T&D segment. Monitor the company's funding plan for the INR 1,225 crore cash consideration and the subsequent margin profile post-integration.
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Waaree Renewable to Acquire 55% Stake in Associated Power Structures for INR 1,225 Crores
Waaree Renewable Technologies Limited has entered into a binding term sheet to acquire a 55% majority stake in Associated Power Structures Limited (ASPL) for approximately INR 1,225 crores. ASPL is a specialist in power transmission and distribution, showing explosive growth with its turnover rising from INR 416.80 crores in FY23 to INR 1,216.91 crores in FY25. This acquisition is a strategic move to integrate power infrastructure capabilities with Waaree's existing renewable energy business. The deal is expected to be completed by April 30, 2026, through a cash consideration involving both primary and secondary transactions.
Key Highlights
Acquisition of ~55% stake in ASPL for a total consideration of approximately INR 1,225 crores.
ASPL reported a turnover of INR 1,216.91 crores for FY25, nearly tripling its FY23 revenue of INR 416.80 crores.
Target company ASPL has a net worth of INR 339.53 crores and total assets of INR 834.15 crores as of March 31, 2025.
The acquisition is expected to be finalized by April 30, 2026, making ASPL a subsidiary of the company.
Strategic expansion into the power transmission and distribution sector to provide integrated clean energy solutions.
💼 Action for Investors
Investors should look favorably on this acquisition as it adds a high-growth vertical that complements the core renewable business. Monitor the funding mix for the INR 1,225 crore payout and the subsequent integration of ASPL's margins into Waaree's consolidated books.
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Waaree Renewable to Acquire 55% Stake in Associated Power Structures for INR 1,225 Cr
Waaree Renewable Technologies Limited (WRTL) has entered into a binding term sheet to acquire a 55% majority stake in Associated Power Structures Limited (ASPL) for approximately INR 1,225 crores. ASPL is a key player in the power transmission and distribution sector, reporting a robust turnover of INR 1,216.91 crores in FY 2024-25. This acquisition is a strategic move to integrate clean energy solutions and expand WRTL's presence across the energy infrastructure ecosystem. The transaction is expected to be completed by April 30, 2026, making ASPL a subsidiary of the company.
Key Highlights
Acquisition of ~55% stake in Associated Power Structures Limited for a total consideration of ~INR 1,225 crores.
Target company ASPL demonstrated massive growth with turnover rising from INR 416.80 Cr in FY23 to INR 1,216.91 Cr in FY25.
ASPL holds a net worth of INR 339.53 crores and total assets of INR 834.15 crores as of March 31, 2025.
The deal involves a mix of primary and secondary share purchases and is scheduled for completion by April 30, 2026.
The acquisition aligns with WRTL's long-term vision of providing integrated clean energy and energy efficiency solutions.
💼 Action for Investors
Investors should view this as a significant growth milestone that diversifies Waaree's revenue streams into power transmission; monitor the funding structure of the INR 1,225 crore deal.
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Waaree Renewable to Acquire 55% Stake in Associated Power Structures for INR 1,225 Crores
Waaree Renewable Technologies (WAAREERTL) has approved the acquisition of a 55% majority stake in Associated Power Structures Limited (ASPL) for approximately INR 1,225 crores. ASPL is a power transmission and distribution infrastructure company that reported a turnover of INR 1,216.91 crores in FY25, showing rapid growth from INR 416.80 crores in FY23. The acquisition is a strategic move to expand WAAREERTL's capabilities in the clean energy ecosystem and integrated infrastructure. The transaction is expected to be completed by April 30, 2026, making ASPL a subsidiary of the company.
Key Highlights
Acquisition of ~55% stake in Associated Power Structures Limited for a total consideration of INR ~1,225 crores.
Target company ASPL reported FY25 turnover of INR 1,216.91 crores and a net worth of INR 339.53 crores.
ASPL has shown significant growth with turnover rising from INR 416.80 crores in FY23 to over INR 1,216 crores in FY25.
The acquisition is expected to be completed by April 30, 2026, through cash consideration.
Strategic expansion into power transmission and distribution to complement existing renewable energy business.
💼 Action for Investors
Investors should view this as a significant growth milestone that diversifies the company's revenue streams into power infrastructure. Monitor the impact on consolidated margins and the successful integration of ASPL by the April 2026 deadline.
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Waaree Renewable Q3 FY26 PAT Jumps 125% to ₹120 Cr; Order Book Strong at 2.92 GW
Waaree Renewable Technologies delivered a robust Q3 FY26 performance with revenue surging 136% YoY to ₹851.06 crore and PAT rising 125% to ₹120.19 crore. The company maintained healthy EBITDA margins of 18.66% for the quarter, supported by the execution of 2,230 MWp in the first nine months of the fiscal year. With an unexecuted order book of 2.92 GWp and a massive bid pipeline of 29 GW, the company demonstrates high revenue visibility. Management is also diversifying into Battery Energy Storage Systems (BESS) and expanding its O&M portfolio, which currently stands at 1,180 MWp.
Key Highlights
Q3 FY26 Revenue grew 136.18% YoY to ₹851.06 crores, while PAT increased 124.74% to ₹120.19 crores.
Unexecuted order book stands at 2.92 GWp as of December 2025, ensuring strong short-to-medium term visibility.
9M FY26 EBITDA margins improved to 19.48% from 16.48% in the previous year, reflecting operational leverage.
The company is actively pursuing a 29 GW project pipeline, including 5-6 GW of active tenders.
O&M portfolio reached 1,180 MWp, providing a growing stream of recurring revenue alongside EPC activities.
💼 Action for Investors
Investors should focus on the company's ability to convert its massive 29 GW pipeline into firm orders and maintain execution efficiency. The stock remains a key beneficiary of India's utility-scale solar expansion and the emerging BESS market.
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Waaree Renewable Bags INR 37.96 Crore EPC Order for 10 MWac Solar Project
Waaree Renewable Technologies Limited (WAAREERTL) has secured a domestic EPC contract for a 10 MWac/14 MWp ground-mount solar PV plant in Uttar Pradesh. The contract is valued at approximately INR 37.96 crore (excluding taxes) and was awarded by a manufacturer of industrial gases. The project is scheduled for completion during the 2026-27 financial year. This win continues the company's momentum in the renewable energy infrastructure segment, providing revenue visibility for the upcoming fiscal years.
Key Highlights
New turnkey EPC contract for a 10 MWac/14 MWp solar plant in Uttar Pradesh.
Total contract value estimated at approximately INR 37.96 crore excluding taxes.
Project awarded by a domestic industrial gas manufacturer with no promoter interest involved.
Scheduled for completion during the financial year 2026-27.
💼 Action for Investors
Investors should view this as a positive development that strengthens the order book; maintain focus on the company's execution efficiency and upcoming quarterly results.
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Waaree RTL 9M FY26 Revenue Hits ₹2,229 Cr; Order Book Stands at 2.9 GWp
Waaree Renewable Technologies Limited (WAAREERTL) has reported a stellar performance for 9M FY26, with revenue reaching ₹2,229 crore, significantly surpassing the full-year FY25 revenue of ₹1,598 crore. The company maintains a massive execution pipeline of 2,922 MWp, including a landmark 2,012 MWp project for Jindal Renewables. With an asset-light business model, the firm achieved an exceptional ROE of 65.29% and ROCE of 61.94% in FY25. The company is strategically positioned to capitalize on India's 2030 solar targets through its integrated relationship with parent company Waaree Energies.
Key Highlights
9M FY26 revenue reached ₹2,229 crore, already exceeding the total FY25 revenue of ₹1,598 crore.
Current unexecuted order book stands at a robust 2,922 MWp as of Q3 FY26.
Total commissioned capacity has reached 4.56 GWp, with an additional O&M portfolio of ~1,180 MWp.
Major ongoing projects include a 2,012 MWp site in Bikaner and a 1,000 MWp site in Solapur.
Maintained high profitability metrics with an FY25 EBITDA margin of 19.46% and PAT margin of 14.33%.
💼 Action for Investors
Investors should focus on the company's ability to execute its 2.9 GWp order book on schedule, which is the primary driver for near-term valuation. The stock remains a high-growth play in the renewable EPC space given its superior return ratios and strong parentage.
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Waaree Renewable Q3 FY26 PAT Jumps 125% YoY to Rs 120 Cr; Revenue up 136%
Waaree Renewable Technologies reported a stellar Q3 FY26 with revenue surging 136.18% YoY to Rs 851.06 crore. Net profit (PAT) grew by 124.74% YoY to Rs 120.19 crore, while EBITDA rose 120.79% to Rs 158.80 crore. The company maintains a strong unexecuted order book of 2.92 GWp to be executed over the next 12-15 months. Additionally, the board approved a new capex for a 120 MWp Solar Power Park in Maharashtra, indicating continued expansion.
Key Highlights
Q3 FY26 Revenue grew 136.18% YoY to Rs 851.06 Cr; 9M FY26 Revenue reached Rs 2,229.03 Cr.
PAT for Q3 FY26 increased by 124.74% YoY to Rs 120.19 Cr with a margin of 14.12%.
Unexecuted order book stands at a robust 2.92 GWp with a massive bidding pipeline of ~29 GWp.
EBITDA for 9M FY26 grew 135.29% YoY to Rs 434.28 Cr with margins at 19.48%.
Board approved capex for setting up a 120 MWp Solar Power Park in Buldhana, Maharashtra.
💼 Action for Investors
Investors should note the company's exceptional execution pace and high revenue visibility provided by the 2.92 GWp order book. The stock remains a key play in the Indian solar EPC segment, though one should monitor margin sustainability as the company scales.