Waaree Renewable Technologies Limited has informed the Exchange regarding a press release dated April 16, 2026, titled "Press Release".
WAAREERTL · price
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Waaree Renewable Technologies Limited reported exceptional financial performance for FY26 ended March 2026. Revenue more than doubled to Rs 3,331.42 crore from Rs 1,597.75 crore in FY25, representing 108.51% YoY growth. Profit after tax (PAT) also doubled to Rs 478.65 crore from Rs 228.92 crore, up 109.09% YoY. Q4FY26 showed even stronger momentum with revenue of Rs 1,102.40 crore, up 131.31% YoY. The company maintains a strong unexecuted order book of 2.83 GWp for execution over the next 12-15 months, with a bidding pipeline of over 36 GWp. Recent order wins include 420 MWp, 35 MWp, and 14 MWp ground-mounted solar projects. The company is also expanding into Battery Energy Storage Systems (BESS) and data centres.
The near-doubling of both revenue and profitability demonstrates strong execution capability in India's booming solar EPC market. With a robust 2.83 GWp order book, the company has clear revenue visibility for the next 12-15 months, which is highly positive for shareholders. The expansion into BESS and data centres signals diversified growth opportunities beyond solar EPC.