Waaree Renewable Technologies Limited has informed the Exchange regarding a press release dated July 17, 2025, titled "Press Release for the quarter ended June 30, 2025".
WAAREERTL · price
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Waaree Renewable Technologies, the EPC arm of the Waaree Group, reported strong Q1 FY26 results with revenue rising 155.20% year-on-year to Rs. 603.19 crores from Rs. 236.35 crores in Q1 FY25. EBITDA jumped 186.14% YoY to Rs. 117.54 crores, with margins expanding to 19.49% from 17.38%. Profit after tax (PAT) grew 206.77% YoY to Rs. 86.39 crores, with PAT margin improving to 14.32% from 11.91%. The company has an unexecuted order book of 3.15 GWp in solar EPC plus 40 MWh in BESS EPC, to be executed over the next 12-15 months, and a robust bidding pipeline of over 25 GWp. Recent order wins include 435 MWp and 131.6 MWp ground-mounted solar projects. The company is expanding into Battery Energy Storage Systems (BESS) and data centres.
Strong triple-digit growth across revenue, EBITDA, and PAT along with margin expansion signals robust operational momentum and demand visibility. The sizeable 3.15 GWp order book plus 25+ GWp pipeline should support sustained growth, likely to be viewed positively by the market and potentially support the stock price in the near term.