Waaree Renewable Technologies Limited reported exceptional financial results for the fiscal year ended March 31, 2026. The company achieved a 108.51% year-on-year growth in revenue, reaching ₹3,331.42 crore, while profit after tax (PAT) soared by 109.09% to ₹478.65 crore. With a strong unexecuted order book of 2.83 GWp, the company continues to solidify its leadership in the solar EPC and renewable energy sector.
Record-Breaking Financial Results
For the financial year 2026 (FY26), the company demonstrated robust growth across all key metrics. Revenue from operations climbed to ₹3,331.42 crore, up significantly from ₹1,597.75 crore in FY25. The company’s profitability also saw massive gains, with PAT reaching ₹478.65 crore, compared to ₹228.92 crore in the previous year. EBITDA for the year stood at ₹641.10 crore, representing a 106.21% increase over the prior fiscal year.
Strong Quarterly Performance
The final quarter, Q4 FY26 (January–March), proved particularly strong. Revenue for the quarter rose by 131.31% year-on-year to ₹1,102.40 crore. Profitability followed this upward trend, with the company recording a PAT of ₹155.72 crore, a 66.08% increase compared to the same period in the previous year.
Order Book and Future Outlook
The company enters the new fiscal year with significant momentum, supported by a 2.83 GWp unexecuted order book slated for execution over the next 12 to 15 months. Recent project wins include significant ground-mounted solar power projects of 420 MWp, 35 MWp, and 14 MWp. Furthermore, the company’s bidding pipeline remains highly active, exceeding 36 GWp.
Leadership Commentary
Mr. Manmohan Sharma, CFO of Waaree Renewable Technologies, noted that the stellar performance was driven by disciplined execution and operational efficiency. Highlighting the broader industry landscape, he remarked that solar energy has become the primary driver of India’s clean energy transition, contributing over 150 GW of the country’s total 274 GW renewable capacity as of March 2026. The company remains committed to expanding its footprint in the solar EPC space, as well as emerging segments like Battery Energy Storage Systems (BESS) and data centers.
Source: BSE
