Waaree Renewable Technologies Limited (WRTL), the EPC arm of the Waaree Group, today announced its audited financial results for the quarter and financial year ended March 31, 2026, delivering a year of exceptional growth driven by strong execution and rising demand in India’s renewable energy sector. For the full year FY26, the company reported revenue from operations of ₹3,331.42 crore, marking a robust year-on-year growth of 108.51% compared to ₹1,597.75 crore in FY25. EBITDA doubled to ₹641.10 crore from ₹310.90 crore in the previous year, registering a growth of 106.21%. Profit after tax (PAT) also witnessed a significant increase, rising 109.09% to ₹478.65 crore from ₹228.92 crore in FY25.
The strong annual performance was complemented by an impressive fourth quarter. In Q4 FY26, revenue from operations stood at ₹1,102.40 crore, up 131.31% compared to ₹476.58 crore in Q4 FY25. EBITDA for the quarter grew by 63.71% to ₹206.82 crore, while PAT rose 66.08% to ₹155.72 crore, underscoring sustained operational efficiency and project execution capabilities.
WRTL continues to strengthen its project pipeline and execution visibility. The company’s unexecuted order book stands at 2.83 GWp, expected to be executed over the next 12–15 months. Additionally, its bidding pipeline has expanded significantly, surpassing 36 GWp, reflecting strong market momentum and growing opportunities in the renewable energy space.
During the period, the company secured several key project wins, including a 420 MWp ground-mounted solar power project, a 35 MWp project, and a 14 MWp project. These wins reinforce WRTL’s position as a leading player in India’s solar EPC segment and highlight its ability to scale operations effectively.
Commenting on the results, Manmohan Sharma, CFO, Waaree Renewable Technologies Limited, said: “We are pleased to conclude FY26 with a stellar and consistent financial performance. Our revenue growth of over 108% reflects disciplined execution and strong delivery capabilities. India’s renewable energy sector continues to gain momentum, with total installed capacity crossing 274 GW and solar contributing over 150 GW as of March 2026. Solar additions surged to over 44 GW during the year, compared to approximately 24 GW in FY25, firmly establishing solar as the primary driver of India’s clean energy transition.”
He further added, “With a robust unexecuted order book of 2.83 GWp, we have strong visibility for future growth. Our continued focus on operational efficiency, supported by O&M capabilities, positions us well to deliver sustained value to stakeholders.”
Headquartered in Mumbai, WRTL operates across multiple geographies and has expanded its capabilities beyond solar EPC into Battery Energy Storage Systems (BESS) and data centres. As a developer, the company undertakes financing, construction, ownership, and operation of solar projects, with a strong focus on long-term investments in the commercial and industrial segments.
As part of the Waaree Group, WRTL plays a key role in advancing clean energy adoption by delivering on-site solar solutions such as rooftop and ground-mounted systems, as well as off-site solar farms. The Group continues to support individuals, industries, and businesses in reducing carbon emissions and transitioning toward sustainable energy solutions.
