Waaree Renewable Technologies Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
WAAREERTL · price
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Waaree Renewable Technologies reported strong FY2026 results with consolidated revenue from operations growing 109% to Rs 3,33,142 lakhs from Rs 1,59,715 lakhs in FY2025. Net profit attributable to owners surged 109% to Rs 47,870 lakhs from Rs 22,916 lakhs in the prior year. The company operates in two segments - EPC Contracts (which contributed Rs 3,30,487 lakhs or 99% of revenue) and Power Sale (Rs 2,655 lakhs). Total assets doubled year-on-year to Rs 2,37,379 lakhs, driven by increases in trade receivables and inventories. The statutory auditor issued an Unmodified Opinion with no qualifications. The company also appointed KC Mehta & Co. LLP as internal auditor and reappointed KKC & Associates LLP as statutory auditors for five years.
The company delivered exceptional growth with both revenue and PAT doubling year-on-year, indicating strong execution in the renewable energy EPC segment. The clean audit opinion and robust cash flow from operations (Rs 28,696 lakhs) are positive signals for shareholders. However, the power sale segment reported a Q4 loss of Rs 650 lakhs, warranting monitoring.