Waaree Renewable Technologies Limited delivered exceptional financial performance in Q3FY26, reporting a consolidated net profit of ₹120.19 crores, marking a substantial 124.7% increase compared to ₹53.48 crores in Q3FY25. The company's revenue from operations demonstrated robust growth of 136.2%, reaching ₹851.06 crores against ₹360.35 crores in the corresponding quarter of the previous fiscal year.

Strong Financial Performance Across Key Metrics

The company's financial results for the quarter ended December 31, 2025, showcase consistent growth across multiple parameters:

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, Waaree Renewable Technologies maintained its strong momentum with consolidated net profit reaching ₹322.93 crores, representing a remarkable 139.0% increase from ₹135.16 crores in the corresponding period of FY25. Revenue from operations for the nine-month period stood at ₹2,229.03 crores, up 98.8% from ₹1,121.17 crores.

Segment-wise Revenue Performance

The company's business segments showed strong performance during Q3FY26. EPC Contracts generated revenue of ₹843.96 crores compared to ₹354.46 crores in Q3FY25, while Power Sale segment contributed ₹7.10 crores against ₹5.89 crores in the previous year quarter.

Strategic Expansion Initiative

The Board of Directors approved a significant expansion project during their meeting held on January 14, 2026. The company will establish an 80 MWac/120 MWp Solar Power Park at Buldhana, Maharashtra, reinforcing its commitment to expanding renewable energy infrastructure.

Cost Management and Profitability

The company demonstrated effective cost management with total expenses of ₹697.80 crores in Q3FY26 compared to ₹293.39 crores in Q3FY25. Despite the increase in absolute terms due to business expansion, the company maintained healthy profit margins. Cost of EPC Contracts, the largest expense component, stood at ₹673.01 crores.

Balance Sheet Strength

As of December 31, 2025, the company's paid-up equity share capital stood at ₹20.87 crores with a face value of ₹2 per share. The company continues to maintain a strong financial position to support its growth initiatives in the renewable energy sector.

Waaree Renewable Technologies Limited delivered outstanding financial results for the third quarter of fiscal year 2026, showcasing robust growth across key performance metrics. The renewable energy company's consolidated net profit surged 124.7% year-on-year to ₹120.19 crores, while revenue from operations jumped 136.2% to ₹851.06 crores for the quarter ended December 31, 2025.

Strong Financial Performance Across Quarters

The company's financial performance demonstrates consistent growth momentum across multiple periods. The following table highlights the key financial metrics:

For the nine-month period ended December 31, 2025, the company maintained its strong performance trajectory with net profit increasing 139.0% to ₹322.93 crores compared to ₹135.16 crores in the corresponding period of the previous year. Revenue from operations for the nine-month period grew 98.8% to ₹2,229.03 crores.

Segment-wise Revenue Performance

The company's revenue is primarily driven by two key segments - EPC contracts and power sales. EPC contracts contributed ₹843.96 crores in Q3FY26, representing a significant increase from ₹354.46 crores in Q3FY25. Power sales generated ₹7.10 crores compared to ₹5.89 crores in the previous year quarter.

Earnings Per Share Growth

Earnings per share (EPS) demonstrated substantial improvement across all periods:

Strategic Expansion Initiative

The board of directors approved a significant expansion project during their meeting held on January 14, 2026. The company will establish an 80 MWac/120 MWp solar power park in Buldhana, Maharashtra, further strengthening its renewable energy portfolio and market presence.

Operational Highlights

The company's total comprehensive income for Q3FY26 reached ₹119.78 crores compared to ₹53.53 crores in Q3FY25. Cost of EPC contracts, the largest expense component, increased to ₹673.01 crores from ₹275.93 crores, reflecting the substantial growth in business operations. Employee benefit expenses grew to ₹13.64 crores from ₹7.92 crores, indicating expanded workforce to support business growth.

Financial Position and Equity

The company's paid-up equity share capital stood at ₹20.87 crores as of December 31, 2025, with a face value of ₹2 per share. Other equity amounted to ₹494.10 crores as of March 31, 2025, reflecting the company's strong financial foundation for future growth initiatives.