Waaree Renewable Technologies Ltd — Updates, 24-07-2025: Company Update

Waaree Renewable Technologies reported strong Q1 FY26 financial results with revenue at INR603.19 Cr, EBITDA at INR117.54 Cr, and PAT at INR86.39 Cr, showing significant year-on-year growth. The company executed 699 MWp of EPC projects and secured new orders worth INR720 Cr (566 MW) in the quarter. Its unexecuted order book remains robust at 3.15 GWp, providing 12-15 months of execution visibility. Waaree RTL is actively pursuing battery energy storage system (BESS) opportunities, with a 40 MWh BESS order in hand, and is exploring green hydrogen and data center EPC segments. The company maintains an EBITDA margin guidance of 14-16%, demonstrating strong operational discipline.