Waaree Renewable Technologies reported a significant jump in revenue for Q3 FY26, reaching INR 851.06 crores, a 136.18% increase year-over-year. EBITDA stood at INR 158.80 crores, with a margin of 18.66%, while PAT reached INR 120.19 crores, up 124.74%. For the nine months of FY26, revenue was INR 2,229.03 crores, EBITDA at INR 434.28 crores and PAT at INR 322.93 crores. The company’s unexecuted order book is 2.92 gigawatt peak.
Strong Financial Performance
Waaree Renewable Technologies announced impressive financial results for Q3 FY26:
- Revenue from operations: INR 851.06 crores, up 136.18% year-over-year.
- EBITDA: INR 158.80 crores, a 120.79% increase year-over-year, with an 18.66% margin.
- PAT: INR 120.19 crores, a 124.74% increase compared to Q3 FY25.
The company also reported strong results for the first nine months of FY26:
- Revenue from operations: INR 2,229.03 crores, up 98.81% year-over-year.
- EBITDA: INR 434.28 crores, a 135.29% increase year-over-year.
- PAT: INR 322.93 crores, a 138.92% increase year-over-year.
Order Book and Execution
Waaree Renewable Technologies has an unexecuted order book of 2.92 gigawatt peak. During the first nine months of FY26, the company executed 2,230 megawatt peak of EPC projects. The O&M portfolio is growing and stood at approximately 1,180 megawatt peak as of December 2025.
Renewable Energy Sector Growth
India’s non-fossil fuel capacity is now more than 265 gigawatts. India’s cumulative solar capacity stands at over 135 gigawatts as of December 2025, with over 30 gigawatts added in the current financial year.
Strategic Focus and Outlook
The company is focusing on operational efficiency, timely delivery, and complete end-to-end solutions. They are actively pursuing opportunities in EPC and allied segments, including Battery Energy Storage Systems (BESS) EPC projects. The company is expanding into BESS EPC, with one order being executed during this year.
Source: BSE
