Waaree Energies Limited has informed the Exchange about Investor Presentation
WAAREEENER · price
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Waaree Energies reported strong Q1FY26 results with revenue up 31% YoY to ₹4,597 Cr, EBITDA up 83% YoY to ₹1,169 Cr (25.4% margin), and PAT up 93% YoY to ₹773 Cr (16.8% margin). The company has a robust order book of ~₹49,000 Cr (~25 GW) and a pipeline of 100+ GW, with majority of fresh ~2.23 GW order flow coming from US customers. The Board approved an additional ₹2,754 Cr capex for expanding cell capacity by 4 GW in Gujarat and ingot-wafer by 4 GW in Maharashtra, taking total FY27 capacity to 25.7 GW (~2x current). FY26 EBITDA is guided in the range of ₹5,500–6,000 Cr. The company also highlighted investments in green hydrogen, battery energy storage, and inverters, keeping net debt-to-equity at a healthy -0.7x (net cash).
Strong quarterly beat, sharp YoY profit growth, and visible capacity expansion through FY27 should support positive sentiment. Backlog visibility of ~₹49,000 Cr and a 100+ GW pipeline provide multi-year revenue assurance, while the FY26 EBITDA guidance sets a clear earnings benchmark for the Street.