Waaree Energies Limited has informed the Exchange about Investor Presentation
WAAREEENER · price
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Waaree Energies delivered record performance in FY26 with revenue of ₹26,537 Cr, up 83.72% YoY, and operating EBITDA of ₹5,909 Cr, up 117.10% YoY with 22.27% margin. PAT grew 101.45% to ₹3,884 Cr. The company is the largest non-Chinese solar module manufacturer with ~26 GW capacity and an order book of ~₹53,000 Cr. Strategic initiatives include acquiring stake in United Solar Holding for polysilicon supply, ₹3,900 Cr capex for PV glass manufacturing, and commencing 10 GW ingot-wafer facility in Nagpur. Q4 FY26 showed sequential margin pressure with 18.59% operating EBITDA margin versus 26% in Q3 FY26. The company guides FY27 operating EBITDA of ₹7,000-7,700 Cr.
Strong FY26 results with near-doubling of profitability demonstrate operational leverage. Sequential Q4 margin compression may raise concerns, but full-year margin improvement (18.84% to 22.27%) and robust order book of ₹53,000 Cr support continued growth outlook. The ₹30,000 Cr planned capex across verticals signals multi-year expansion.