Waaree Renewable Technologies Ltd (BOM:534618)

Q1 2026 Waaree Renewable Technologies Ltd Earnings Call Transcript

Jul 18, 2025 / 09:00 AM GMT

Release Date Price: ₹1186.25 (+0.16%)

Transcript

Key Points

Positve

Waaree Renewable Technologies Ltd (BOM:534618) reported a significant revenue growth of 155.20% year-on-year for Q1 FY26, reaching INR 603.19 crores.
The company's EBITDA increased by 186.14% year-on-year, indicating strong operational performance.
Waaree Renewable Technologies Ltd (BOM:534618) successfully executed 699 megawatt peak of EPC projects, strengthening its position in India's renewable energy sector.
The company has a robust unexecuted order book of 3.15 gigawatts, providing strong visibility for future execution.
India's renewable energy sector is experiencing rapid growth, with solar installations rising by 51.6% year-on-year, presenting significant opportunities for Waaree Renewable Technologies Ltd (BOM:534618).

Negative

The average revenue per megawatt has decreased from INR 1.04 crores to INR 86 lakhs, indicating potential pricing pressure or changes in project mix.
There has been a 140% increase in EPC contract costs quarter-on-quarter, which is higher than the revenue growth, potentially impacting margins.
The company has not yet secured substantial orders in the data center EPC and BESS segments, which are seen as future growth areas.
Waaree Renewable Technologies Ltd (BOM:534618) is facing challenges in maintaining consistent operating margins, with guidance suggesting a lower range of 14-16% compared to previous achievements.
The company is still in the early stages of exploring green hydrogen opportunities, with no significant projects or collaborations announced yet.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WAAE.NS - Waaree Renewable Technologies Ltd
Q1 2026 Waaree Renewable Technologies Ltd Earnings Call
Jul 18, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Wari Renewable Technologies Limited Q1 and F 526 earnings conference call organized by MUFG in Time India Private Limited. As a reminder, all participant lines will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Nei Vijay Pargy from MUFG in time India Private Limited.

Thank you and over to you.

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