Waaree Renewable Technologies Doubles Revenue And Profitability

21 Apr 2026 CW Team

Waaree Renewable Technologies Limited reported a marked improvement in financial performance for the year ended 31 March 2026, with revenue and profitability more than doubling. Consolidated revenue from operations for FY26 stood at Rs 33.31 bn, up 108.51 per cent from Rs 15.98 bn in FY25, while profit after tax for FY26 was Rs 4.79 bn, a rise of 109.09 per cent year on year.

EBITDA for the year increased to Rs 6.41 bn, a growth of 106.21 per cent, and the company maintained an EBITDA margin of around 19.24 per cent. For the quarter ended March 2026, revenue from operations was Rs 11.02 bn, up 131.31 per cent from Rs 4.77 bn in the year ago quarter, with quarterly EBITDA of Rs 2.07 bn and quarterly profit after tax of Rs 1.56 bn.

Operationally, the company reported an unexecuted order book of two point eight three gigawatt peak (GWp) that is slated for execution over the next 12 to 15 months, and a bidding pipeline that has gained momentum to exceed 36 GWp. Recent order wins include a 420 megawatt peak (MWp) ground mounted solar power project, a 35 MWp ground mounted project and a 14 MWp ground mounted project, underscoring activity across project sizes.

Management indicated that disciplined execution and operational efficiency supported the performance and provided visibility into execution. The company noted that India’s total installed renewable capacity had crossed 274 GW by March 2026, with solar contributing over 150 GW and solar additions in FY26 rising to more than 44 GW, emphasising solar as the principal driver of the clean energy transition. Management added that emphasis on operation and maintenance capabilities and long-term customer relationships remained central to its strategy and supported value creation for stakeholders.

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