| Revenue growth | 79.2% YoY growth in Q1FY27. |
|---|---|
| Margins | EBITDA margin at 18.2%; PAT margin at 11.0%. |
| Order book | ₹61,500 Cr as of July 28, 2026. |
| Demand visibility | Strong, backed by a ₹61,500 Cr order book. |
| Management confidence | High, reaffirmed ₹7,000-7,700 Cr EBITDA guidance. |
Growth
Revenue grew 79.2% YoY; Operating EBITDA up 44.4% YoY to ₹1,440 Cr. Q1FY27 EBITDA margin stands at 18.2%.
Outlook
FY27 EBITDA guidance reaffirmed at ₹7,000–7,700 Cr. Massive ₹31,497 Cr capex planned for 1.0 to 2.0 transition.
Risks
Exposure to international market economies, competition, and dependency on solar value chain backward integration timelines.
Last quarter's promises, checked
Delivered
- FY26 EBITDA ₹5,500–6,000 Cr → delivered ₹6,617 Cr (= BEAT)
- Commission 3 GW module capacity in April 2026 → delivered 3 GW (= BEAT)
- Maintain healthy ROCE/ROE → delivered 32.4%/29.0% (= BEAT)
Partly delivered
- Planned ₹30,000 Cr capex → ₹9,450 Cr deployed (= PARTIAL)
Missed
- Guided 19%-20% long-range EBITDA margin → delivered 18.2% (= MISS)
Investor Presentation filed with NSE, NSE: WAAREEENER. Summary written with AI assistance from the document.
Waaree Energies Ltd: key numbers
- Share price
- ₹2,495.00
- Market cap
- ₹71,769 Cr
- Revenue (annual)
- ₹26,537 Cr
- Net profit (annual)
- ₹3,711 Cr
- P/E (TTM)
- 18.8×Sector 45.9×
- Promoter holding
- 64.12%-0.07% QoQ
- FII holding
- 8.57%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Waaree Energies Ltd
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Waaree Energies approved a scheme of amalgamation with Indosolar Limited, aiming to simplify group structure through a share swap ratio of 1:11.
Waaree Energies Bags New Order from Leading domestic solar developer
Waaree Energies received a new order for 2 GW solar modules from a leading domestic solar developer. Delivery spans FY 2026-27 and 2027-28; no monetary value was disclosed.
- From
- Leading domestic solar developer (name undisclosed due to confidentiality)
- Execution
- FY 2026-27 and 2027-28
- solar module supply
- 2 GW
Waaree Energies Bags New Order from Renowned customer
Waaree Energies Ltd received an order to supply 2 GW of solar modules to a leading solar developer. The order will be executed over two financial years.
- From
- Renowned customer (leading solar developer)
- Execution
- FY 2026-27 & 2027-28
- solar modules supply
- 2.0 GW
Waaree Energies Promoter Buying (Off-Market)
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