+
Waaree Renewable Q3FY26 Revenue Jumps 136% YoY
POWER & RENEWABLE ENERGY

Waaree Renewable Q3FY26 Revenue Jumps 136% YoY

Waaree Renewable Technologies Limited, the EPC arm of the Waaree Group, reported robust growth in its unaudited financial results for the quarter and nine months ended 31 December 2025, driven by strong execution and a healthy project pipeline.
In Q3FY26, revenue rose 136.18 per cent year-on-year to Rs 8.51 billion, while EBITDA increased 120.79 per cent to Rs 1.59 billion. Profit after tax (PAT) stood at Rs 1.20 billion, up 124.74 per cent compared to the same period last year.
For 9MFY26, revenue reached Rs 22.29 billion, surpassing the full-year FY25 performance and marking a YoY growth of 98.81 per cent. EBITDA rose 135.29 per cent to Rs 4.34 billion, with margins maintained at 19.48 per cent, while PAT increased 138.92 per cent to Rs 3.23 billion.
The company’s unexecuted order book stands at 2.92 GWp, to be executed over the next 12–15 months, supported by a robust bidding pipeline of around 29 GWp. Recent wins during Q3FY26 include ground-mounted solar projects of 217.5 MWp and 39.8 MWp. The Board has also approved capex for setting up a 120 MWp solar power park in Buldhana, Maharashtra.
“We are pleased to report revenues of Rs 8.51 billion in Q3FY26, reflecting strong year-on-year growth driven by execution excellence and financial discipline. With an unexecuted EPC order book of 2.92 GWp, we are well positioned to deliver large-scale solar projects while maintaining healthy cashflows, conservative leverage and strong governance standards,” said Manmohan Sharma, CFO, Waaree Renewable Technologies Limited.  

Waaree Renewable Technologies Limited, the EPC arm of the Waaree Group, reported robust growth in its unaudited financial results for the quarter and nine months ended 31 December 2025, driven by strong execution and a healthy project pipeline.In Q3FY26, revenue rose 136.18 per cent year-on-year to Rs 8.51 billion, while EBITDA increased 120.79 per cent to Rs 1.59 billion. Profit after tax (PAT) stood at Rs 1.20 billion, up 124.74 per cent compared to the same period last year.For 9MFY26, revenue reached Rs 22.29 billion, surpassing the full-year FY25 performance and marking a YoY growth of 98.81 per cent. EBITDA rose 135.29 per cent to Rs 4.34 billion, with margins maintained at 19.48 per cent, while PAT increased 138.92 per cent to Rs 3.23 billion.The company’s unexecuted order book stands at 2.92 GWp, to be executed over the next 12–15 months, supported by a robust bidding pipeline of around 29 GWp. Recent wins during Q3FY26 include ground-mounted solar projects of 217.5 MWp and 39.8 MWp. The Board has also approved capex for setting up a 120 MWp solar power park in Buldhana, Maharashtra.“We are pleased to report revenues of Rs 8.51 billion in Q3FY26, reflecting strong year-on-year growth driven by execution excellence and financial discipline. With an unexecuted EPC order book of 2.92 GWp, we are well positioned to deliver large-scale solar projects while maintaining healthy cashflows, conservative leverage and strong governance standards,” said Manmohan Sharma, CFO, Waaree Renewable Technologies Limited.  

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code