Waaree Renewable Technologies Reports 155% Revenue Surge in Q1, Expands into BESS 1 day ago
Waaree Renewable Technologies Limited reported impressive Q1 FY26 results. Revenue increased by 155.20% to INR 603.19 crores, EBITDA grew by 186.14% to INR 117.54 crores, and PAT surged by 206.77% to INR 86.39 crores. The company executed 699 MWp of EPC projects and maintains a 3.15 GWp order book. Waaree is expanding into Battery Energy Storage Systems (BESS) with 40 MWh of orders. The company is also exploring opportunities in green hydrogen and data center EPC projects. Management expects EBITDA margins to remain in the 14-16% range and is pursuing a 25 GW order pipeline.
Waaree Renewable Technologies Shares Slump 6% Amid US Solar Panel Tariff Concerns 5 days ago
Waaree Renewable Tech Faces Setback as 125 MWAC Solar Project EPC Order Cancelled 6 days ago
Waaree Renewable Technologies Reports Stellar Q1 FY2026 Performance: Net Profit Soars 206% 8 days ago
Waaree Renewable Tech Reports Robust 3.15 GWp Unexecuted Order Book 9 days ago
More news about Waaree Renewable Technologies
17Jul 25
Waaree Renewable Tech Expands Clean Energy Portfolio with Strategic Investment in Smart Joules
Waaree Renewable Technologies Limited (WRTL) announced a Rs. 7.98 crore investment in Smart Joules Private Limited (SJPL), acquiring a 3.23% stake. WRTL's Q1 FY2026 results show significant growth with revenue up 155.20% to Rs. 60,318.58 lakhs and net profit up 206.60% to Rs. 8,638.94 lakhs year-over-year. The company's EPC Contracts segment generated Rs. 59,439.87 lakhs in revenue, while the Power Sale segment contributed Rs. 878.71 lakhs.
Waaree Renewable Technologies, a subsidiary of Waaree Energies Limited, has announced impressive Q1 financial results. The company's revenue increased by 155% to ₹6.03 billion, while consolidated net profit surged 205% to ₹864.40 million. EBITDA grew by 187% to ₹1.18 billion, with the EBITDA margin improving to 19.49%. Despite strong results, the stock fell 0.80% after the announcement, following a 29.80% surge over three previous trading sessions. The company issued a clarification to stock exchanges regarding the increased trading volume, stating all material information had been disclosed in compliance with SEBI regulations.
Shares of Waaree Renewable Technologies Limited (WRTL) rose over 10% in anticipation of Q1 FY26 results announcement on July 17. The company will hold a board meeting to approve unaudited financial results, followed by an investor call on July 18. Key executives, including the Executive Director and CFO, will participate in the call. WRTL has provided international toll-free numbers and universal dial-in options for investors to join the call.
03Jul 25
Waaree Renewable Secures ₹26.17 Crore Solar Power Project Contract
Waaree Renewable Technologies has been awarded a Letter of Award (LoA) for an Engineering, Procurement, and Construction (EPC) contract worth ₹26.17 crore. The contract involves developing a 21 MW AC / 29.4 MW DC ground-mounted solar power project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0) scheme. This project aligns with India's renewable energy goals and represents a significant opportunity for Waaree Renewable to demonstrate its expertise in solar power infrastructure.
02Jul 25
Waaree Renewable Secures ₹26.17 Crore Solar Project Contract Under Maharashtra Scheme
Waaree Renewable Technologies has been awarded an Engineering, Procurement, and Construction (EPC) contract for a 21 MW AC / 29.4 MW DC solar project in Maharashtra, valued at ₹26.17 crore. The project is part of the Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme, a government initiative to promote solar energy in the agricultural sector. This contract is expected to strengthen Waaree's market position in the solar EPC market and boost its revenue.
23Jun 25
Waaree Renewable Inks Non-Binding Deal for 100 MW EPC Project
Waaree Renewable Technologies Ltd has entered into a non-binding agreement with an undisclosed international entity for a 100 MW EPC (Engineering, Procurement, and Construction) renewable energy project. This potential large-scale initiative demonstrates Waaree's capability to engage in significant renewable energy projects and possibly expand its international presence. The agreement, if finalized, could represent a major business opportunity for the company and strengthen its position in the global renewable energy market.
23Jun 25
Waaree Renewable Technologies Secures Enhanced Solar Project Order Worth ₹1,480 Crore
Waaree Renewable Technologies has received a revised scope for an existing EPC contract, increasing the solar project capacity to 2012.47 MWp. This expansion has enhanced the order value by ₹246.92 crore, bringing the total order value to ₹1,480.40 crore. The project expansion strengthens the company's position in the renewable energy market and aligns with India's focus on increasing solar power capacity.
20Jun 25
Waaree Renewable Technologies Boosts Solar Project Order Value by ₹246.92 Crore
Waaree Renewable Technologies has increased the order value of its 2,012.47 MWp ground-mounted solar PV project by ₹246.92 crore, bringing the total to ₹1,480.40 crore. The company received the revised scope on June 20, with original contract terms remaining unchanged. The project execution timeline is yet to be mutually decided with the client.
03Jun 25
Waaree Renewable Technologies Secures ₹346 Crore Solar Project from CESC
Waaree Renewable Technologies has won a 300 MW AC/435 MW DC solar project order worth ₹346.33 crore from CESC. The Engineering, Procurement, and Construction (EPC) project is scheduled for completion in FY 2026. This order is expected to boost Waaree's revenue and market position in the renewable energy sector. The company's stock gained up to 4.50% following the announcement.
Waaree Renewable Technologies Thrives with Localized Supply Chain and Strong Order Book
Waaree Renewable Technologies Ltd. has established itself as a leader in India's renewable energy sector. The company boasts a 90% domestically sourced supply chain, mitigating import risks. With a substantial 3.2 GW order book to be executed over 12-15 months, Waaree demonstrates strong market demand. Q4 financial results show impressive growth, with net profit up 83% YoY to 93.80 and revenue increasing 74% YoY to 476.60. The company's focus aligns with India's 2030 solar capacity goals, positioning it for potential future growth in the expanding renewable energy market.
Waaree Renewable Technologies Limited (WRTL) announced impressive financial results for FY25. Consolidated revenue increased by 82.29% to ₹1,597.75 crore. Q4 net profit surged 83% to ₹93.76 crore. The company's order book stands at 3.2 GWp. WRTL expanded into Battery Energy Storage System EPC solutions and secured new solar power projects. The Board approved appointments of Sudhir Arya as Independent Director and Sunil Rathi as Executive Director.
16Apr 25
Waaree Renewable Technologies Reports Strong FY25 Performance, Appoints New CFO
Waaree Renewable Technologies Limited (WRTL) reported strong financial results for FY25 with revenue up 82.29% to ₹1,597.75 crore and net profit increasing 57.64% to ₹228.92 crore. The company's order book stands at 3.2 GWp. WRTL appointed Mr. Manmohan Sharma as the new CFO and Mr. Sudhir Arya as an Additional Director. The company has expanded into Battery Energy Storage System (BESS) EPC solutions and completed the amalgamation of its wholly-owned subsidiaries.
16Apr 25
Waaree Renewable Technologies Reports Strong FY25 Performance, Expands into BESS and Data Centres
Waaree Renewable Technologies Limited (WRTL) reported strong financial results for FY25 with revenue up 82.29% to ₹1,597.75 crore. Net profit increased by 57.64% to ₹228.92 crore. The company's unexecuted order book stands at 3.2 GWp. WRTL announced expansion into Battery Energy Storage Systems (BESS) and data centres. Recent order wins include a 255 MWp ground-mounted solar project and a 40 MWh battery storage project. CFO Manmohan Sharma highlighted the company's growth and strategic expansion into BESS EPC solutions.
Waaree Renewable Technologies Ltd. (WRTL) reported impressive financial results for Q4 and FY25. Q4 revenue increased 74.37% YoY to Rs 476.58 crore, with net profit up 82.73%. For FY25, revenue grew 82.29% to Rs 1,597.75 crore, and net profit rose 57.64%. The company commissioned 2.32 GW of projects and has an order book of 3.2 GWp. WRTL expanded into Battery Energy Storage Systems (BESS) and is well-positioned to capitalize on India's renewable energy targets.
Waaree Renewable Technologies will announce its Q4 and FY25 financial results on April 16, 2025, followed by an investor call on April 17. The company's trading window for insiders will be closed from April 1, 2025, until 48 hours after the results declaration. This announcement comes after a 16.70% decrease in net profit reported in Q3 FY25.
Waaree Renewable Technologies Limited (WAAREERTL) has been awarded a Letter of Award for a 170 MW AC / 255 MW DC ground-mount solar power project. The Engineering, Procurement and Construction (EPC) contract, valued at approximately ₹262.00 crore, includes Operation and Maintenance services. The project, awarded by parent company Waaree Energies Limited, is set to be completed in FY 2025-26. This related party transaction has positively impacted WAAREERTL's share price, which rose by over 5% following the announcement.