Waaree Energies Q1 FY27 call: record INR61,500 crore order book, margin recovery eyed

Mgmt Guided Margin ImprovementMgmt Guided Margin PressureOrder Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDF Explain this filing

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AI summary

Waaree Energies Q1 FY27: revenue INR7,932 crore (+79.2% YoY), EBITDA INR1,440 crore at 18.2% margin, PAT INR892 crore. Order book hit record INR61,500 crore with INR16,000 crore added this quarter. Module volumes grew 89% to 3.6 GW; retail up 130% to INR2,289 crore. Margins faced pressure from higher raw material costs. Reaffirmed FY27 EBITDA guidance of INR7,000-7,700 crore; expects margin recovery as cell integration scales from 20% to 65%, US production ramps up, exports resume.

Likely market impact

Reaffirmed FY27 EBITDA guidance and visibility on margin recovery through cell integration and US ramp-up. Positive near-term outlook despite Q1 margin pressure.