Waaree Renewable shares rocket 12% as Q4 revenue soars 131%, profit up 66%. Check details

Shares of Waaree Renewable Technologies rallied as much as 12% to their day’s high of Rs 1,185 on the BSE on Friday after the company reported a strong performance for the March quarter. The firm's net profit rose 66% to Rs 155.72 crore, while revenue from operations rocketed 131.31% to Rs 1,102.40 crore year-on-year.

EBITDA for the quarter stood at Rs 206.82 crore, up 63.71% year-on-year from Rs 126.33 crore. Magins, on the other hand, declined notably, falling 776 basis points year-on-year. It represents one-hundredth of one per cent.

For the full year, revenue from operations more than doubled to Rs 3,331.42 crore, reflecting a 108.51% increase over Rs 1,597.75 crore in FY25. Its profit after tax climbed 109% to Rs 478.65 crore, while EBITDA rose 106.21% to Rs 641.10 crore from Rs 310.90 crore.


The company’s unexecuted order book stands at 2.83 GWp and is expected to be executed over the next 12 to 15 months. Meanwhile, its bidding pipeline has continued to build momentum, expanding to over 36 GWp.

The company highlighted the strong momentum in India’s renewable energy sector, with total installed renewable capacity crossing 274 GW as of March 2026, of which solar contributed over 150 GW. During FY26, solar capacity additions increased significantly to over 44 GW, compared to around 24 GW in the previous year. Solar accounted for nearly 82% of total renewable capacity additions during the year, reinforcing its position as the key driver of India’s clean energy transition.

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Waaree added that it has strong visibility for project execution going forward. It added that its focus remains on disciplined execution, backed by operations and maintenance capabilities and operational efficiency, while continuing to create value in the evolving renewable energy landscape.

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