Waaree Energies Limited — PPTs, 22-01-2026: Investor Presentation

Waaree Energies delivered a stellar Q3 FY26, with Revenue from Operations soaring to ₹7,565 Cr (+118.8% YoY) and Profit After Tax reaching ₹1,106 Cr (+118.4% YoY). Operating EBITDA surged to ₹1,928 Cr (+167.2% YoY) with a robust 25.5% margin. The company holds a massive order book of ~₹60,000 Cr.

Growth is propelled by its strategy to become India's sole fully integrated energy transition player, expanding across solar, BESS, electrolysers, inverters, and transformers, alongside significant capacity ramp-ups.

Recent developments include commissioning 5.1 GW of new module capacity and 3.05 GW inverter capacity. Notable wins during the quarter feature 5.3 GW of module orders and a ₹100 Cr transformer supply order. The company also achieved a milestone of 1 GW+ module production in a single month.

Management anticipates overachieving its FY26 EBITDA guidance of ₹5,500-6,000 Cr, supported by a strong 100+ GW pipeline and continued progress on new manufacturing facilities.