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.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..