Waaree Renewable Technologies

Waaree Renewable Technologies delivered a stellar Q4 FY26 with revenue surging 131% YoYCurrent reported value: 131% YoY. No comparable prior figure is available in the source record. to ₹112.4 crore and PAT rising 66% YoYCurrent reported value: 66% YoY. No comparable prior figure is available in the source record. to ₹155.72 crore. Full-year revenue crossed ₹3,331 croreCurrent reported value: ₹3,331 crore. No comparable prior figure is available in the source record. (+109% YoY), driven by record execution of 2,727 MWpCurrent 2,727 MWp. Reported change: +42% YoY. of solar projects. The order book stands at 2.83 GWpCurrent 2.83 GWp. Reported change: -12% YoY., providing strong near-term visibility. Management highlighted a healthy pipeline of ~36 GW under bilateral discussions, though conversion timing remains uncertain. EBITDA margin for the quarter was 18.76%, with management guiding a sustainable ~15% threshold but delivering above 19Current reported value: 19. No comparable prior figure is available in the source record.% for the full year. Key risk: order inflow moderation (2.3 GW in FY26 vs 2.4 GW in FY25) amid intense competition and potential grid evacuation bottlenecks in Rajasthan.