ALFA Finder| 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
- ₹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.