Q4 & FY26 Earnings Call: Revenue Doubles, 36 GWp Order Pipeline

Order Pipeline DisclosedMgmt Guided Margin ImprovementInvestor Communications View source PDF

WAAREERTL · price

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Price reaction · full curve 14 horizons · vs prior close

+2.8%1-day move

₹1028.00

prior close

₹1043.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.4+0.0+0.2+0.7+2.8+1.3-0.9-0.7-1.4+2.4-8.6-3.3-1.5-9.6

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AI summary

FY26 revenue rose 108.51% YoY to INR 3,331.42 crores; EBITDA at INR 641.10 crores (19.24% margin) and PAT up 109% at INR 478.65 crores. Q4 revenue surged 131% to INR 1,102.40 crores. The company executed a record 2,727 MWp in FY26, with an order book of 2.83 GWp and a 36 GWp pipeline under bilateral discussions. Expanding into BESS EPC; 54 MWp IPP operational, 227 MWp under construction via internal accruals.

Likely market impact

Strong execution and robust 36 GWp pipeline support growth visibility. Margins at 19%+ comfortably above the 15% guided threshold.