Waaree Renewable Soars 12% as Q4 Revenue Surges 131% YoY
Shares of Waaree Renewable Technologies experienced a remarkable 12% climb, hitting a day’s high of Rs 1,185 on the BSE, following the company’s impressive financial performance for the quarter ending March 2026. The firm reported significant increases across various metrics, solidifying its position in the solar energy market.
Key Financial Highlights
– Net Profit: Increased by 66% to Rs 155.72 crore.
– Revenue from Operations: Rose 131.31% to Rs 1,102.40 crore year-over-year.
– EBITDA: Reached Rs 206.82 crore, a notable increase of 63.71% from Rs 126.33 crore in the previous year.
– Margins: Declined by 776 basis points compared to the previous year.
Annual Performance Overview
For the full fiscal year:
– Revenue from Operations: More than doubled to Rs 3,331.42 crore, reflecting a robust 108.51% growth from Rs 1,597.75 crore in FY25.
– Profit After Tax: Climbed by 109% to Rs 478.65 crore.
– EBITDA: Increased by 106.21% to Rs 641.10 crore, up from Rs 310.90 crore.
Future Outlook and Order Book
Waaree Renewable Technologies boasts an unexecuted order book of 2.83 GWp, with expectations for execution over the next 12 to 15 months. The company is also expanding its bidding pipeline, which has grown to over 36 GWp. This momentum aligns well with India’s renewable energy sector, which has seen total installed capacity exceed 274 GW as of March 2026, with solar contributing over 150 GW.
Solar Capacity Highlights
– FY26 Solar Capacity Additions: Surged to over 44 GW, compared to approximately 24 GW in the previous year.
– Solar’s Contribution: Accounted for nearly 82% of total renewable capacity additions, reinforcing its role as a pivotal driver in India’s clean energy transition.
Waaree Renewable has expressed confidence in maintaining strong project visibility and a commitment to disciplined execution. The company’s focus remains on enhancing operational efficiency while navigating the evolving landscape of renewable energy.
In conclusion, Waaree Renewable Technologies’ latest performance showcases impressive growth and positions the company favorably in the renewable energy sector. As it continues to tap into India’s expanding solar market, investors and stakeholders alike should keep a close eye on its future developments.