New Delhi: Waaree Renewable Technologies Limited, the EPC arm of the Waaree Group, stands among the leading players in the solar EPC space. The company has further expanded into Battery Energy Storage Systems (BESS) and data centres. It has announced its unaudited financial results for the quarter and nine months ended on December 31, 2025.
Consolidated Financial Highlights – Q3FY26
Key Performance Highlights Q3FY26
- Revenue stood at 851.06 crores representing a growth of 136.18% YoY as compared to Rs. 360.35 crores in Q3FY25
- EBITDA stood at Rs. 158.80 crores as compared to Rs. 71.92 crores in Q3FY25 representing a growth of 120.79% YoY
- PAT stood at 120.19 crores as compared to Rs. 53.48 crores in Q3FY25 representing a growth of 124.74% YoY
9MFY26
- Revenue stood at Rs. 2,229.03 crores surpassing FY25 performance and representing a growth of 98.81% YoY as compared to Rs. 1,121.17 crores in 9MFY25.
- EBITDA stood at Rs. 434.28 crores as compared to Rs. 184.57 crores in 9MFY25 representing a growth of 135.29% YoY. Margins for 9MFY26 remains at 19.48%
- PAT stood at 322.93 crores as compared to Rs. 135.16 crores in 9MFY25 representing a growth of 138.92% YoY
Order book Position:
- Unexecuted order book stands at 92 GWp to be executed between 12-15 months
- Bidding pipeline remains robust at ~29 GWp
Recent Order Wins
- 5 MWp Ground Mounted solar power project (Order won in Q3FY26)
- 8 MWp Ground Mounted solar power project (Order won in Q3FY26)
Other Highlights
- Board has approved the capex budget for setting up of 120 MWp Solar Power Park in Buldhana, Maharashtra
Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said:
“We are pleased to report revenues of Rs. 851.06 crores in Q3 FY26, compared to Rs. 360.35 crores in Q3 FY25, reflecting YoY growth of 136.18%. Our margin for this performance resonates our execution excellence, financial discipline and robust operating model.
India’s renewable energy sector continues to gain momentum, with over 30 GW of solar capacity added in the first nine months of FY26 which already surpasses the last year’s full-year addition. Cumulative solar installations now stand at ~135 GW, while total non-fossil fuel capacity has reached ~267 GW, accounting for more than half of India’s installed renewable capacity.
With an unexecuted EPC orderbook of 2.92 GWp, WRTL is positioned to deliver large-scale solar projects also ensuring long-term performance through integrated O&M services. India’s energy transition is not only about expanding capacity but also about embedding resilience and efficiency.
We also strengthened our financial position through focus on operational efficiency and prudent capital allocation. We remain committed to maintaining healthy cashflows, conservative leverage and strong governance standards.
Looking ahead, we will continue to strengthen capabilities, invest in innovation, and expand partnerships to capture emerging opportunities in the renewable ecosystem.”
