Waaree Renewable Technologies Limited has informed the Exchange about Transcript
WAAREERTL · price
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Waaree Renewable Technologies reported a strong Q1 FY26 with revenue of INR 603.19 crores, up 155% year-on-year, EBITDA of INR 117.54 crores (up 186%), and PAT of INR 86.39 crores (up 207%). The company has an unexecuted order book of 3.15 GW and won 566 MW of new orders worth INR 720 crores during the quarter, with a broader order pipeline of 25 GW. Management maintained its sustainable EBITDA margin guidance of 14–16%, while Q1 PAT margin improved to 19.49% from 17.38% in Q4 FY25. The company is also exploring battery energy storage (40 MWh in current book), data center EPC, green hydrogen, and Middle East/global markets as growth avenues.
Strong quarterly numbers and robust order pipeline signal continued growth momentum, likely positive for the stock. However, management's conservative 14-16% EBITDA guidance versus current 19%+ PAT margin could temper expectations if margins normalize lower.