Risks
4 risks
Risk Intelligence
Order inflow slowdown
View Risks →Waaree Renewable Technologies Ltd — Q4 FY26
Waaree Renewable Technologies delivered a stellar Q4 FY26 with revenue surging 131% YoY to ₹112.4 crore and PAT rising 66% YoY to ₹155.72 crore.
bullish
high
✓ Verified against BSE filing
2-Minute Summary
✦ AI-Generated from Full Transcript
Waaree Renewable Technologies delivered a stellar Q4 FY26 with revenue surging 131% YoY to ₹112.4 crore and PAT rising 66% YoY to ₹155.72 crore. Full-year revenue crossed ₹3,331 crore (+109% YoY), driven by record execution of 2,727 MWp of solar projects. The order book stands at 2.83 GWp, 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 19% 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.
Risks4 trackedTranscriptfull text
Research workspace
Focused Modules
Transcript
Full text
Call Transcript
Full transcript text is available on this route.
Read Transcript →Quarter Snapshot
Projects Executed (FY26)
2,727 MWp
+42% YoY
Highest ever annual execution, reflecting strong operational capability.
Order Book
2.83 GWp
-12% YoY
Declined from 3.2 GWp a year ago due to high execution; pipeline of 36 GW under discussion.
Order Inflow (FY26)
2.3 GWp
-4% YoY
Slight decline from 2.4 GWp in FY25; management cites selective bidding on margin discipline.
IP Portfolio (Operational)
54 MWp
+0% YoY
Additional 227 MWp under construction; IP revenue of ₹26 crore in FY26.
Fast read
Guidance and risk preview
Management expects to execute the current 2.83 GW order book over 12-15 months, supplemented by new orders from the 36 GW pipeline.
Order inflow declined to 2.3 GW in FY26 from 2.4 GW in FY25, and the order book shrank 12% YoY.
View Risks →