Waaree Energies Limited — Investor Meet, 06-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Waaree Energies reported Q1 FY27 revenue of INR7,932 Cr (+79.2% YoY), EBITDA of INR1,440 Cr (18.2% margin), and PAT of INR892 Cr (11% margin). The order book reached a record INR61,500 Cr (25.2 GW modules), with INR16,000 Cr in new orders. Retail revenue jumped 130% YoY to INR2,289 Cr, targeting INR9,000-10,000 Cr for FY27. Management highlighted strong tailwinds from energy transition and India's manufacturing drive. Capacity expansion and backward integration into cells (10 GW line operational this FY) are on track, poised to boost future profitability despite Q1 margin pressures from raw materials and export delays. The company reaffirmed FY27 operating EBITDA guidance of INR7,000-7,700 Cr, expressing confidence in its strategic positioning and integrated value chain.