ALFA Finder| Revenue growth | 108.51% YoY growth for FY26. |
|---|---|
| Margins | EBITDA margin stable at 19.24% for FY26. |
| Order book | Unexecuted order book at 2,832 MWp as of FY26. |
| Demand visibility | Strong; EPC demand projected to reach Rs 1,705 Bn by FY28. |
| Management confidence | High, citing 'stable rate of execution' and 'leadership in solar EPC'. |
Growth
FY26 Revenue grew 108.5% YoY; PAT increased 109.1% YoY with a steady 14.37% PAT margin.
Outlook
Expanding into BESS and Green Hydrogen; targeting 280GW national solar capacity by 2030.
Risks
Regulatory changes in GST/ALMM and execution risks in large-scale ground-mounted projects.
Earnings Call filed with BSE, NSE: WAAREERTL. Summary written with AI assistance from the document.
Waaree Renewable Technologies Ltd: key numbers
- Share price
- ₹743.65
- Market cap
- ₹7,762 Cr
- Revenue (annual)
- ₹3,331 Cr
- Net profit (annual)
- ₹478.7 Cr
- P/E (TTM)
- 16.7×Sector 21.5×
- Promoter holding
- 74.30%-0.02% QoQ
- FII holding
- 2.02%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Waaree Renewable Technologies Ltd
All →Waaree Renewable Technologies Bags New Order from A leading Independent Power Producer Company
Waaree Renewable Technologies won an EPC work order for a 285 MWp solar project from an IPP. Execution is due by FY2027-28; no contract value was disclosed.
- From
- A leading Independent Power Producer (IPP) Company (unnamed)
- Execution
- Scheduled for completion during FY 2027-28
- solar capacity
- 285.0 MWp
Waaree Renewable Technologies Bags New Order from A leading Independent Power Producer company
Waaree Renewable received an EPC Letter of Award for a 200 MW / 500 MWh battery storage project. Completion is scheduled for FY2027-28.
- From
- A leading Independent Power Producer (IPP) company (name not disclosed)
- Execution
- Scheduled completion during FY 2027-28
- battery energy storage capacity
- 200.0 MW
Waaree Renewable Technologies Merger & Restructuring
Waaree Renewable completed transferring its entire stake in Waaree Green Data Centers to parent Waaree Energies. The company ceased to be a subsidiary from 30 October 2026.
Waaree Renewable Technologies Bags New Order from A leading Independent Power Producer Company
Waaree Renewable Technologies received a 450 MWp solar EPC order from an unnamed IPP. Completion is scheduled for FY 2027-28.
- From
- A leading Independent Power Producer (IPP) Company
- Execution
- FY 2027-28
- solar power project EPC capacity
- 450 MWp
Waaree Renewable Technologies Order Update
Waaree Renewable Technologies revised scope and capacity under two solar EPC Letters of Award. Aggregate capacity under the awards stands at 800 MWac / 1,109 MWp.
- Execution
- Scheduled completion during financial year 2027-28, as per the terms of the order
- solar PV capacity under EPC LoAs
- 800.0 MWac
Waaree Renewable Technologies Earnings Call Transcript: Key Takeaways
Revenue grew 36.5% YoY, but execution slowed significantly this quarter due to developer-led land and connectivity delays.