| Revenue growth | 53.23% YoY for Q1 FY27. |
|---|---|
| Margins | EBITDA margin target ~15% due to T&D consolidation. |
| Order book | Consolidated unexecuted order book of INR 5,300 crores. |
| Demand visibility | Strong; 27GW domestic and 10GW international bidding pipeline. |
| Management confidence | High, citing strong order pipeline and grid readiness needs. |
Growth
Revenue reached INR 924.25 crores (up 53.23% YoY); PAT at INR 118.97 crores (up 37.7% YoY).
Outlook
Order book at INR 5,300 crores to be executed in 12-15 months; chasing 37GW solar pipeline.
Risks
Integration of lower-margin T&D business; potential EBITDA margin compression from historical 19% to ~15%.
Last quarter's promises, checked
Delivered
- Guided 2.8 GWp execution in 12-15 months → delivered 888.81 MWp in Q1 (= BEAT)
- Guided EBITDA margin >15% → delivered 18.76% to 19.24% range (= BEAT)
- Guided BESS revenue opening in FY27 → delivered execution of first BESS project (= BEAT)
Partly delivered
- Guided chasing 36GW pipeline → delivered 37GW pipeline with 5.3k Cr order book (= PARTIAL)
Investor Presentation filed with BSE, NSE: WAAREERTL. Summary written with AI assistance from the document.
Waaree Renewable Technologies Ltd: key numbers
- Share price
- ₹832.90
- Market cap
- ₹8,694 Cr
- Revenue (annual)
- ₹3,331 Cr
- Net profit (annual)
- ₹478.7 Cr
- P/E (TTM)
- 17.1×Sector 25.1×
- Promoter holding
- 74.32%+0.00% QoQ
- FII holding
- 1.98%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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