Waaree Energies Limited — Investor Meet, 06-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Waaree Energies reported stellar Q1 FY26 results: Revenue surged 31.5% YoY to INR 4,597 Cr, EBITDA jumped 82-83% to INR 1,169 Cr, and PAT rose 93% to INR 773 Cr, all record highs. Production also hit a record 2.3 GW (+64% YoY). The company holds a robust 25 GW confirmed order book (INR 49,000 Cr), providing strong growth visibility. Waaree is strategically expanding into full-stack energy solutions, adding new cell, ingot-wafer, BESS, and inverter capacities, largely operational by FY27. Management maintains a confident outlook on long-term demand from India and the US, focusing on integrated manufacturing and managing gross margins.