Shares of Waaree Renewable Technologies rose by 13 percent following the company’s robust performance in Q4 FY26. At around 10:04 AM on the National Stock Exchange (NSE), the stock was trading at ₹1,912.55, significantly up from its previous close of ₹1,060.30 during intraday trading.
The financial results for the March quarter revealed considerable growth, with revenue from operations amounting to ₹1,102.40 crore, marking a year-over-year increase of 131.31 percent compared to ₹476.58 crore. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached ₹206.82 crore, a 63.71 percent rise year-over-year, while profit after tax increased by 66.08 percent year-over-year to ₹155.72 crore, up from ₹93.76 crore.
For the fiscal year 2026, the company’s profit after tax grew by 109.09 percent year-over-year to ₹478.65 crore, compared to ₹228.92 crore in FY25. Revenue for FY26 stood at ₹3,331.42 crore, reflecting a growth of 108.51 percent year-over-year.
Manmohan Sharma, CFO of Waaree Renewable Technologies, remarked on the firm’s consistent and strong financial performance in FY26, attributing it to disciplined execution and operational efficiency. He noted the ongoing momentum in India’s renewable energy sector, with total installed capacity surpassing 274 GW and solar power contributing over 150 GW as of March 2026. Solar installations surged to more than 44 GW during the year, significantly outpacing previous figures and affirming its role as a key driver in the country’s transition to clean energy.
Sharma also indicated that the company has strong execution visibility, backed by an unexecuted engineering, procurement, and construction (EPC) order book of 2.83 GWp. The firm aims to deliver projects efficiently while fostering long-term value in India’s rapidly evolving renewable energy landscape.
Published on April 17, 2026.
