Waaree Energies announced record-breaking results for Q3 FY26, driven by strong operational focus and demand. Revenue from operations reached ₹7,565.05 Crores, a 118.81% increase year-over-year. EBITDA surged to ₹1,928.15 Crores, up by 167.16% year-over-year, with a margin of 25.49%. The company’s order book is valued at approximately ₹60,000 Crores, providing strong visibility for future growth.
Exceptional Financial Performance
Waaree Energies reported outstanding financial results for the quarter ended December 31, 2025 (Q3 FY26). The company demonstrated significant growth across key financial metrics:
- Revenue from operations: ₹7,565.05 Crores, up 118.81% year-over-year from ₹3,457.29 Crores in Q3 FY25.
- EBITDA: ₹1,928.15 Crores, a substantial increase of 167.16% compared to ₹721.73 Crores in the same quarter last year.
- EBITDA Margin: 25.49%, compared to 20.88% in Q3 FY25.
- PAT: ₹1,106.79 Crores, representing a growth of 118.35% year-over-year.
Operational Highlights
The company achieved several significant operational milestones during Q3 FY26:
- Module production of 3.51 GW.
- Cell production of 0.75 GW.
- Commissioned additional solar module manufacturing facility of 2.1 GW at Chikhli, Gujarat and 3 GW at Samakhiali, Gujarat.
- Commissioned 3.05 GW of inverter capacity at Sarodhi, Gujarat.
Strategic Initiatives
Waaree Energies continues to invest in strategic initiatives to strengthen its position in the renewable energy sector:
- Raised approximately ₹1,003 Crores towards establishing a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility.
- Waaree Group’s USD 30 million investment in United Solar Holding Inc. to secure its supply chain.
Leadership Commentary
Mr. Amit Paithankar, Whole Time Director & CEO of Waaree Energies Ltd, stated that the company delivered another exceptional quarter with record revenue and profitability. He also mentioned that Waaree is the First Indian Manufacturer to achieve 1 GW+ of module production and sales in a single month. The company has a strong order book of approximately ₹60,000 Crores, ensuring sustained visibility for the years ahead.
Source: BSE
