Waaree Renewable Technologies Limited — PPTs, 22-07-2026: Investor Presentation

Here's a summary for retail investors, focusing on clarity and key insights:

**Business Performance:** Waaree Renewable Technologies (WRTL) has shown strong revenue growth, with a notable increase of over 108% year-on-year to ₹3,331 Cr for FY26. This growth is driven by their core EPC (Engineering, Procurement, Construction) services in the solar sector.

**Growth Drivers or Strategy:** The company is leveraging its comprehensive EPC and T&D (Transmission & Distribution) capabilities, aiming for higher growth across the energy transition value chain. They are also expanding their O&M (Operations & Maintenance) services and benefit from an integrated ecosystem within the Waaree group.

**Recent Developments:** WRTL recently acquired a 55% stake in Associated Power Structures Pvt. Ltd. (APSPL), enhancing their T&D and manufacturing capacity. They continue to win large solar EPC and Battery Storage System EPC projects, with an unexecuted order book of over ₹5,300 Cr.

**Key Financial Metrics:** For FY26, the company reported EBITDA of ₹641 Cr and PAT of ₹479 Cr. The revenue CAGR for FY23-26 stands at an impressive 111.73%.

**Management Commentary / Outlook:** WRTL sees significant growth opportunities in the fast-expanding solar market, supported by government policies. They aim to scale growth by securing more domestic and international EPC/T&D contracts and expanding their O&M portfolio.