Revenue from operations for FY26 stood at INR 3,331.42 crore, a growth of 108.51% YoY. Net profit surged 109.09% YoY to INR 478.65 crore.
A 122.5 MWp solar project commissioned by Waaree Renewable for UPC Renewable in Madhya Pradesh
Waaree Renewable Technologies
Waaree Renewable Technologies Limited, the EPC arm of the Waaree Group, has reported a revenue from operations of INR 3,331.42 crore for FY26, a growth of 108.51% YoY as compared to INR 1,597.75 crore in FY25. Net profit surged 109.09% YoY to INR 478.65 crore.
Waaree Renewable Technologies is the solar EPC arm of the Waaree Group which has further expanded into battery energy storage systems (BESS) and data centres.
For Q4 FY26, the company’s revenue from operations stood at INR 1,102.40 crore, representing a growth of 131.31% YoY as compared to INR 476.58 crore in Q4 FY25. PAT grew 66.08% YoY to INR 155.72 crore.
The company has an unexecuted order book of 2.83 GWp, which is slated for execution over next 12-15 months.
Manmohan Sharma, CFO, Waaree Renewable Technologies Ltd, said the stellar financial performance in FY 2026 was supported by disciplined execution and consistent delivery.
“India’s renewable energy sector continues to build strong momentum with total installed renewable capacity crossing 274 GW while solar contributed over 150 GW as of March 2026. During FY26, solar additions rose sharply to over 44 GW, compared to 24 GW in the previous year, marking a significant jump over last year. In FY26, solar accounted for approximately 82% of total renewable capacity additions and firmly establishing solar as the primary driver of India’s clean energy transition,” said Sharma. “Supported by a robust unexecuted EPC order book of 2.83 GWp, WRTL continues to have strong visibility of project execution.”
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