Conference Call with Waaree Renewable Technologies Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Power & Electric Utilities company Waaree Renewable Technologies announced Q1FY26 results Revenue for Q1FY26 stood at Rs 603.19 crore representing a growth of 155.20% YoY as compared to Rs 236.35 crore in Q1FY25. EBITDA for Q1FY26 stood at Rs 117.54 crore as compared to Rs 41.08 crore in Q1FY25 representing a growth of 186.14% YoY. PAT for Q1FY26 stood at Rs 86.39 crore as compared to Rs 28.16 crore in Q1FY25 representing a growth of 206.77% YoY. Manmohan Sharma, CFO, Waaree Renewable Technologies, said: “We are pleased to report revenue of Rs 603.19 crore for Q1FY26, compared to Rs 236.35 crore in Q1FY25, delivering a robust growth of 155.20%. This performance reflects the strength of our business model, our disciplined operational approach, and our ability to execute large-scale projects efficiently in a rapidly evolving clean energy landscape. As of June 2025, India’s total renewable energy capacity stood at 234 GW, with solar contributing 116.25 GW. In the first half of CY2025, solar installations grew by 51.6% year-on-year, underscoring the sector’s accelerating momentum. This growth is being propelled by India’s ambitious clean energy roadmap, rising demand across industrial and utility segments. India has also achieved a major milestone in its clean energy transition, with 50% of its total installed power capacity now sourced from non-fossil fuels, reaching this target five years ahead of schedule. With 484.8 GW of total installed capacity, and 242.8 GW from non-fossil sources, this progress reinforces the country’s leadership in sustainable energy. In response to the evolving energy landscape, we have broadened our portfolio to include Battery Energy Storage System (BESS) EPC solutions, reinforcing our position as a full-spectrum clean energy provider. With a strong order book of 3.15 GWp in Solar EPC and 40 MWh in BESS EPC, we are wellequipped to deliver next-generation, large-scale integrated energy projects. We remain resilient, future-ready, and committed to enabling India’s energy transition through high-quality, sustainable solutions. With innovation and sustainability at the heart of our operations, we are confident in our ability to generate long-term value for all stakeholders.” Result PDF