Waree Renewable Tech spurts after Q4 profit climbs 66% YoY to Rs 156 cr

Profit before tax (PBT) increased 71.7% YoY to Rs 208.09 crore in the quarter ended 31st March 2026.

EBITDA stood at Rs 206.82 crore in Q4 FY26, registering the growth of 63.71% compared with Rs 126.33 crore in Q4 FY25. EBITDA margin contracted to 18.76% during the quarter as against 26.51% in Q4 FY25.

On the order book front, the company said its unexecuted order book stood of 2.83 GWp is slated for execution over next 12-15 months. The bidding pipeline continued to witness strong momentum, reaching over 36 GWp.

On annual basis, the company?s consolidated net profit surged 108.9% to Rs 478.70 crore on 108.5% jump in revenue from operations to Rs 3,331.42 crore in FY26 over FY25.

Manmohan Sharma, CFO, Waaree Renewable Technologies, said, ?We are pleased to conclude FY26 with a stellar and consistent financial performance with revenue of Rs 3,331.42 crore as compared to Rs 1,597.75 crore for FY25, reflecting a robust growth of 108.51%. This performance was supported by disciplined execution thus enabling consistent delivery.

India?s renewable energy sector continues to build strong momentum with total installed renewable capacity crossing 274 GW while solar contributed over 150 GW as of March 2026. During FY26, solar additions rose sharply to over 44 GW, compared to ~24 GW in the previous year marking a significant jump over last year. In FY26, solar accounted for approximately 82% of total renewable capacity additions and firmly establishing solar as the primary driver of India?s clean energy transition.

Supported by a robust unexecuted EPC order book of 2.83 GWp, WRTL continues to have strong visibility of project execution. Our focus on disciplined delivery, supported by O&M capabilities and operational efficiency, while consistently creating value for our stakeholders within India?s evolving renewable energy landscape.?

Waaree Renewable Technologies (WRTL) is a subsidiary company of the Waaree Group and is spearheading the Solar EPC business. The company also operates as a solar developer, engaged in financing, constructing, owning, and operating solar power projects. It has a presence across multiple geographies and focuses on long-term investments within the commercial and industrial customer segments.