Waaree Renewable Technologies Limited Stellar Performance – Revenue and Profitability Doubled in FY26

Waaree Renewable Technologies Limited, the EPC arm of the Waaree Group, stands among the leading players in the solar EPC space. The company has further expanded into Battery Energy Storage Systems (BESS) and data centres. It has announced its audited financial results for the quarter and year ended on March 31, 2026.

CONSOLIDATED FINANCIAL HIGHLIGHTS – FY26

KEY PERFORMANCE HIGHLIGHTS

FY26
 Revenue from operations stood at Rs. 3,331.42 crores representing a growth of 108.51% YoY as compared to Rs. 1,597.75 crores in FY25
 EBITDA stood at Rs. 641.10 crores as compared to Rs. 310.90 crores in FY25 representing a growth of 106.21% YoY
 PAT stood at Rs. 478.65 crores as compared to Rs. 228.92 crores in FY25 representing a growth of 109.09% YoY

Q4 FY26
 Revenue from operations stood at Rs. 1,102.40 crores representing a growth of 131.31% YoY as compared to Rs. 476.58 crores in Q4FY25
 EBITDA stood at Rs. 206.82 crores as compared to Rs. 126.33 crores in Q4FY25 representing a growth of 63.71% YoY
 PAT stood at Rs. 155.72 crores as compared to Rs. 93.76 crores in Q4FY25 representing a growth of 66.08% YoY

Order book Position:
 An unexecuted order book stands of 2.83 GWp is slated for execution over next 12-15 months
 Bidding pipeline continues to gain strong momentum reaching over 36 GWp

Key Updates
 Recent Order Wins
o 420 MWp Ground Mounted solar power project
o 35 MWp Ground Mounted solar power project
o 14 MWp Ground Mounted solar power project

Commenting on the results Mr. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said:
“We are pleased to conclude FY26 with a stellar and consistent financial performance with revenue of ₹3,331.42 crore as compared to ₹1,597.75 crore for FY25, reflecting a robust growth of 108.51%. This performance was supported by disciplined execution thus enabling consistent delivery.

India’s renewable energy sector continues to build strong momentum with total installed renewable capacity crossing 274 GW while solar contributed over 150 GW as of March 2026. During FY26, solar additions rose sharply to over 44 GW, compared to ~24 GW in the previous year marking a significant jump over last year. In FY26, solar accounted for approximately 82% of total renewable capacity additions and firmly establishing solar as the primary driver of India’s clean energy transition.

Supported by a robust unexecuted EPC order book of 2.83 GWp, WRTL continues to have strong visibility of project execution. Our focus on disciplined delivery, supported by O&M capabilities and operational efficiency, while consistently creating value for our stakeholders within India’s evolving renewable energy landscape.”