Waaree Renewable Technologies Ltd Share Price – NSE  / BSE

Power Infrastructure, Small Cap

Waaree Renewable Technologies has signed turnkey contract with Waaree Forever Energies for the execution of Engineering, Procurement and Construction (EPC) works for 350MW/1400MWh BESS order with two years of operation and maintenance services.

The project will be executed on an EPC basis and is scheduled to be completed during FY27, the company said in a regulatory filing.

The order has been awarded by a domestic entity and is classified as a commercial order.

Waaree Renewable Technologies further said that WFEPL is a subsidiary of its holding company and the transaction falls under related-party transactions.

Waaree Renewable Technologies (WRTL) is a subsidiary company of the Waaree Group and is spearheading the Solar EPC business. We are also a solar developer that finances, constructs, owns, and operates solar projects. Headquartered in Mumbai, we operate across geographies, focusing on long-term investments within the commercial and industrial customer segments.

The company?s consolidated net profit surged 124.74% to Rs 120.19 crore in Q3 FY26 as against Rs 53.48 crore in Q3 FY25. Revenue from operations zoomed 136.18% year on year (YoY) to Rs 851.06 crore in Q3 FY26 over Q3 FY25.

Shares of Waaree Renewable Technologies shed 0.68% to close at Rs 936 on the BSE.

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Profit before tax (PBT) increased 71.7% YoY to Rs 208.09 crore in the quarter ended 31st March 2026.

EBITDA stood at Rs 206.82 crore in Q4 FY26, registering the growth of 63.71% compared with Rs 126.33 crore in Q4 FY25. EBITDA margin contracted to 18.76% during the quarter as against 26.51% in Q4 FY25.

On the order book front, the company said its unexecuted order book stood of 2.83 GWp is slated for execution over next 12-15 months. The bidding pipeline continued to witness strong momentum, reaching over 36 GWp.

On annual basis, the company?s consolidated net profit surged 108.9% to Rs 478.70 crore on 108.5% jump in revenue from operations to Rs 3,331.42 crore in FY26 over FY25.

Manmohan Sharma, CFO, Waaree Renewable Technologies, said, ?We are pleased to conclude FY26 with a stellar and consistent financial performance with revenue of Rs 3,331.42 crore as compared to Rs 1,597.75 crore for FY25, reflecting a robust growth of 108.51%. This performance was supported by disciplined execution thus enabling consistent delivery.

India?s renewable energy sector continues to build strong momentum with total installed renewable capacity crossing 274 GW while solar contributed over 150 GW as of March 2026. During FY26, solar additions rose sharply to over 44 GW, compared to ~24 GW in the previous year marking a significant jump over last year. In FY26, solar accounted for approximately 82% of total renewable capacity additions and firmly establishing solar as the primary driver of India?s clean energy transition.

Supported by a robust unexecuted EPC order book of 2.83 GWp, WRTL continues to have strong visibility of project execution. Our focus on disciplined delivery, supported by O&M capabilities and operational efficiency, while consistently creating value for our stakeholders within India?s evolving renewable energy landscape.?

Waaree Renewable Technologies (WRTL) is a subsidiary company of the Waaree Group and is spearheading the Solar EPC business. The company also operates as a solar developer, engaged in financing, constructing, owning, and operating solar power projects. It has a presence across multiple geographies and focuses on long-term investments within the commercial and industrial customer segments.

Net profit of Waaree Renewable Technologies rose 66.02% to Rs 155.74 crore in the quarter ended March 2026 as against Rs 93.81 crore during the previous quarter ended March 2025. Sales rose 131.31% to Rs 1102.40 crore in the quarter ended March 2026 as against Rs 476.58 crore during the previous quarter ended March 2025.

For the full year,net profit rose 108.89% to Rs 478.70 crore in the year ended March 2026 as against Rs 229.16 crore during the previous year ended March 2025. Sales rose 108.51% to Rs 3331.42 crore in the year ended March 2026 as against Rs 1597.75 crore during the previous year ended March 2025.

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