Waaree renewable technologies Limited has released the audio recording of its earnings conference call for the third quarter of fiscal year 2026, held on January 16, 2026. The call was conducted following the announcement of the company's unaudited financial results for the quarter and nine months ended December 31, 2025.

Regulatory Compliance and Disclosure

The company has formally notified both BSE Limited and the National Stock Exchange of India Limited about the availability of the earnings call recording. This disclosure fulfills the requirements under Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, which mandates companies to make such information accessible to stakeholders.

Earnings Call Access

The audio recording of the earnings conference call is now available on the company's official website. The call provided investors and shareholders with insights into the company's performance for the third quarter and nine-month period of fiscal year 2026. Company Secretary Heema Shah, with ACS registration number 52919, signed the regulatory filing on January 16, 2026.

Company Information

Waaree Renewable Technologies Limited operates as a subsidiary of Waaree Energies Limited and is headquartered in Mumbai, Maharashtra. The company is incorporated under the Companies Act with CIN L93000MH1999PLC120470 and operates in the renewable energy sector.

The earnings call recording represents the company's commitment to maintaining transparency with its stakeholders and ensuring compliance with regulatory requirements for listed entities in India.

Waaree Renewable Technologies Limited announced its Q3 FY26 results on January 14, showcasing exceptional financial performance with record-breaking quarterly revenue and strong profitability growth in India's rapidly expanding solar energy sector.

Record Q3 FY26 Financial Performance

The company delivered its highest-ever quarterly revenue and demonstrated remarkable execution capabilities during the quarter ended December 31, 2025.

The company maintained healthy profitability margins despite the significant scale-up in operations, with EBITDA margin at 18.66% and PAT margin at 14.12% for Q3 FY26.

Nine Months FY26 Performance Exceeds Full Year FY25

For the nine-month period, the company continued its strong growth trajectory, with revenue surpassing the previous full-year performance.

Notably, the company achieved significant margin expansion during this period, with EBITDA margin improving to 19.48% from 16.46% in the previous year.

Strong Order Book and Recent Project Wins

Waaree Renewable Technologies maintains a robust unexecuted order book of 2.92 GWp, expected to be executed over the next 12 to 15 months. The company's bidding pipeline remained strong at around 29 GWp.

Q3 FY26 Order Wins

Expansion Plans

The board approved a capital expenditure budget for setting up a 120 MWp solar power park in Buldhana, Maharashtra, as part of the company's strategic expansion initiatives.

Management Commentary and Market Outlook

Manmohan Sharma, CFO of Waaree Renewable Technologies, highlighted India's renewable energy momentum: "India's renewable energy sector continues to gain momentum, with over 30 GW of solar capacity added in the first nine months of FY26, which already surpasses last year's full-year addition."

He further emphasized the company's positioning: "With an unexecuted EPC orderbook of 2.92 GWp, WRTL is positioned to deliver large-scale solar projects, also ensuring long-term performance through integrated O&M services. India's energy transition is not only about expanding capacity but also about embedding resilience and efficiency."

Comprehensive Service Portfolio

The company provides end-to-end renewable energy solutions including utility-scale solar projects, rooftop installations, floating solar, and energy storage systems. It operates approximately 1,180 MWp of O&M portfolio and has developed 54.82 MWp of IPP assets, having commissioned 4.56 GWp of projects to date.

Market Position and Growth Drivers

As a subsidiary of Waaree Energies Limited, the company benefits from vertical integration within the group's renewable energy ecosystem. With 15 years of EPC experience and strong customer relationships, Waaree Renewable Technologies is well-positioned to capitalize on India's solar energy expansion, which targets 280 GW of solar capacity by 2030 from the current 106 GW.