Waaree Renewable Technologies Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company delivered a strong performance, reporting a consolidated net profit of ₹47,869.54 lakhs for the year. This growth highlights the company’s expanding footprint in the renewable energy sector, supported by consistent revenue increases across its EPC contract and power sale segments throughout the fiscal year.
Financial Highlights
For the financial year ended March 31, 2026, the company achieved consolidated revenue from operations of ₹3,33,142.22 lakhs. The consolidated net profit attributable to owners of the parent stood at ₹47,869.54 lakhs, compared to ₹22,916.09 lakhs in the previous year. For the final quarter (Q4), the company reported a consolidated net profit of ₹15,573.79 lakhs.
Segmental Performance
The company’s operations are divided into two main segments: EPC Contracts and Power Sale. The EPC Contracts segment remains the primary revenue driver, contributing ₹3,30,487.06 lakhs to the annual revenue. The Power Sale segment added ₹2,655.16 lakhs. Segment results for the year show the EPC business generating a profit of ₹62,494.22 lakhs, while the Power Sale segment contributed ₹753.07 lakhs.
Strategic Appointments and Governance
During the board meeting held on April 16, 2026, the company announced key administrative updates. M/s KC Mehta & Co. LLP has been appointed as the internal auditor for the financial year 2026-27. Additionally, the board approved the re-appointment of M/s KKC & Associates LLP as the statutory auditors for a five-year term, covering the period from the 27th Annual General Meeting through to the 32nd Annual General Meeting, subject to shareholder approval.
Operational Updates
The company continues to advance its workforce and operational compliance, noting that it has integrated the four new Labour Codes notified by the Government of India. This has led to an incremental impact on gratuity provisions of ₹118.41 lakhs. Furthermore, the company continues its commitment to employee growth through its Employees Stock Option Plan (ESOP) 2022, with total ESOP charges for the year amounting to ₹46.02 lakhs.
Source: BSE
