Waaree Renewable Technologies has announced its financial results for the quarter and year ended March 31, 2026. The company reported a significant surge in annual consolidated revenue to ₹3,331.42 crore, with a net profit of ₹478.70 crore for the year. This performance reflects strong growth in its core business operations, further supported by the strategic appointment of new auditors to enhance compliance and operational oversight as the company expands its renewable energy footprint.
Financial Performance Overview
For the financial year ended March 31, 2026, Waaree Renewable Technologies achieved a consolidated annual revenue of ₹3,331.42 crore, a significant increase from the previous year. The consolidated net profit for the same period stood at ₹478.70 crore. In the final quarter of the fiscal year, the company posted a net profit of ₹155.71 crore, underscoring a strong finish to the year.
Segment Breakdown
The company’s revenue is primarily driven by its EPC Contracts segment, which contributed ₹3,304.87 crore to the total annual revenue. The Power Sale segment also provided a steady contribution of ₹26.55 crore. The total assets of the company have grown considerably, reaching ₹2,373.79 crore as of March 31, 2026, indicating substantial scaling of operations.
Strategic Corporate Updates
As part of its commitment to governance and operational excellence, the company’s Board has approved several key appointments. M/s KC Mehta & Co. LLP has been appointed as the Internal Auditor for the 2026-27 financial year. Additionally, M/s KKC & Associates LLP has been re-appointed as the Statutory Auditor for a period of five consecutive years, effective from the conclusion of the 27th Annual General Meeting until the conclusion of the 32nd Annual General Meeting.
Operational Highlights
The company has continued its focus on talent development through its Employees Stock Option Plan (ESOP), with specific grants made throughout the fiscal year. Furthermore, the company has prudently factored in the financial impact of the new Labour Codes notified by the Government of India, including a provision for incremental gratuity amounting to ₹118.41 lakhs to ensure full compliance with updated wage definitions.
Source: BSE
