Waaree Renewable Technologies Ltd — Important, 23-01-2026: Company Update

Waaree Renewable Technologies reported strong financial growth for Q3 and 9M FY26. Q3 revenue increased 136.18% to INR 851.06 Cr, with PAT up 124.74% to INR 120.19 Cr. For the nine months, revenue grew 98.81% to INR 2,229.03 Cr, and PAT surged 138.92% to INR 322.93 Cr, with EBITDA margins improving to 19.48%. The unexecuted order book stands at 2.92 GW, with 2,230 MW of EPC projects executed in 9M. The company is actively pursuing new BESS EPC opportunities and expanding its IPP generation capacity by 120 MW, aiming to maintain EBITDA margins above 15% amid robust industry demand.