Waaree Renewable Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on April 16, 2026 for Appointment of Internal and Statutory Auditor.
WAAREERTL · price
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Waaree Renewable Technologies reported strong audited financial results for FY ended March 2026. Consolidated revenue from operations grew to Rs 3,33,142.22 lakhs from Rs 1,59,714.79 lakhs in the previous year, representing over 100% year-on-year growth driven by its EPC Contracts segment. Net profit after tax (attributable to owners) increased to Rs 47,869.54 lakhs from Rs 22,916.09 lakhs, more than doubling year-on-year. The Board approved appointment of M/s KC Mehta & Co. LLP as Internal Auditor for FY 2026-27 and re-appointed M/s KKC & Associates LLP as Statutory Auditors for a 5-year term. The auditors issued an Unmodified Opinion (clean audit) on both consolidated and standalone financial statements. Total assets grew to Rs 2,37,379.36 lakhs from Rs 1,12,012.33 lakhs.
The company delivered exceptional financial performance with revenue and profits more than doubling year-on-year, which is highly positive for shareholders. The clean audit opinion reinforces financial reliability. Growth was primarily driven by the EPC Contracts business segment while the Power Sale segment showed declining profitability.