Waaree Renewable Technologies delivered impressive Q4FY26 results with net profit growing 66.1% year-on-year to ₹155.7 crore, compared to ₹93.8 crore in the corresponding quarter last year. According to latest reports from Upstox, the renewable energy EPC and operations and maintenance (O&M) player reported revenue more than doubling to ₹1,102.4 crore from ₹476.6 crore in the year-ago quarter. The company's EBITDA rose 63.7% YoY to ₹206.8 crore, though margins came under pressure, declining to 18.8% from 26.5% due to increased EPC contract costs. The earnings per share (EPS) rose to ₹14.96 apiece in the fourth quarter of FY2025-26, compared to ₹9 apiece in the same period a year earlier.
The company reported a healthy order book of 2.83 gigawatt-peak (GWp) and maintains a strong bidding pipeline exceeding 36 GWp, as reported by CNBC TV18. According to Upstox, the company expects to execute the orders over the next 12 to 15 month period. The substantial order book provides visibility for sustained revenue generation in the coming quarters. The company recently secured three ground mounted solar power project orders of 420 megawatt peak (MWp), 35 MWp, and 14 MWp in the fourth quarter of the year ended 2025-26, demonstrating continued business momentum.
Shares of Waaree Renewable Technologies closed 2% lower at ₹1,060.30 after Thursday's stock market session, compared to ₹1,039.45 at the previous trading close, according to Upstox. Despite the recent decline, the stock has gained 9.9% so far in 2026 and is up 28% in the past one month. The company's market capitalisation stood at ₹11,102.39 crore as of the stock market close on Thursday. The stock's performance reflects investor confidence in the company's strong quarterly results and robust order book position, with shares hitting a 52-week high of ₹1,358 on October 27, 2025, and the 52-week low at ₹779.50 on March 30, 2026.
