Waaree Energies Ltd (NSE:WAAREEENER)

Q4 2026 Waaree Energies Ltd Earnings Call Transcript

Apr 30, 2026 / 09:30 AM GMT

Release Date Price: ₹3118.8 (-10.97%)

Transcript

Key Points

Positve

Waaree Energies Ltd (NSE:WAAREEENER) reported a record-breaking performance with a revenue growth of approximately 84% year-on-year, reaching 26,537 crores.
The company achieved an operating EBITDA growth of 117%, with margins improving to 22.27%, surpassing previous guidance.
Waaree Energies Ltd has become the largest non-Chinese module manufacturer globally, with a total module manufacturing capacity of approximately 26 gigawatts.
The company maintains a robust order book of approximately 53,000 crores and plans a CapEx of 30,000 crores to fuel future growth.
Waaree Energies Ltd is expanding its capabilities across the entire energy value chain, positioning itself as a fully integrated energy transition player with a committed CapEx of $3.5 billion.

Negative

The company experienced a decline in operating EBITDA margins in the latest quarter due to increased silver and copper prices and logistics costs.
Export mix was lower this quarter due to logistics delays, impacting the revenue mix and increasing inventory levels.
There is a significant gap between EBITDA and cash flow from operations, attributed to higher inventory levels and logistics issues.
The transition to G12R technology caused some production disruptions, impacting cell production and DCR mix.
The company faces challenges in the non-DCR market due to geopolitical tensions and regulatory uncertainties, affecting order intake and pricing.

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

WAAN.NS - Waaree Energies Ltd
Q4 2026 Waaree Energies Ltd Earnings Call
Apr 30, 2026 / 09:30AM 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 the Wari Energies Limited conference call hosted by MUFG InTime India Pvt. Ltd.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation continues.

Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touchtone phone.

I now hand the conference over to Mr. Nikunj Jain from MUFG In Time India Private Limited.

Thank you and over to you, Mr. Jain.

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Unidentified_2 [2]
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