Waaree Renewable Technologies Limited has informed the Exchange about Investor Presentation
WAAREERTL · price
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Waaree Renewable Technologies Limited submitted its Q4 and FY26 investor presentation. The company, a subsidiary of Waaree Energies Limited, is a solar EPC services provider. FY26 revenue grew 109% to Rs. 3,331 Cr with PAT of Rs. 479 Cr, while FY23-26 revenue CAGR stood at impressive 111.73%. However, EBITDA margin compressed to 19.24% from 19.46% in FY25, and Q4 margins declined more sharply to 18.76% from 26.51% a year ago. The unexecuted orderbook stands at 2,832 MWp across multiple ground-mounted solar projects in Rajasthan, Maharashtra, Andhra Pradesh, and Tamil Nadu. The company also operates ~1,180 MWp of O&M assets and is developing 227 MWp of IPP capacity. Key projects include a 2,012 MWp project in Bikaner and 1,000 MWp in Solapur.
Revenue growth remains exceptional at 109% YoY, but margin compression (EBITDA margin fell from 26.5% to 18.8% in Q4) signals competitive pressure or project mix shift. The large order book of 2.8 GWp provides multi-year revenue visibility, but declining margins could weigh on stock sentiment.