Waaree Renewable Technologies Ltd (NSE:WAAREERTL)

Q4 2026 Waaree Renewable Technologies Ltd Earnings Call Transcript

Apr 17, 2026 / 10:30 AM GMT

Release Date Price: ₹1116.1 (+5.26%)

Transcript

Key Points

Positve

Waaree Renewable Technologies Ltd (BOM:534618) reported a significant revenue growth of 131.31% year-on-year for Q4 2026, reaching Rs. 1,102.40 crores.
The company's EBITDA margin stood at 18.76% for the quarter, indicating strong operational efficiency.
For FY 2026, the company achieved a revenue growth of 108.51% compared to FY 2025, showcasing robust business expansion.
Waaree Renewable Technologies Ltd successfully executed 2,727 MW peak of projects in FY 2026, the highest for any year, demonstrating strong execution capabilities.
The company's unexecuted order book stands at 2.83 gigawatt peak, providing strong business visibility and continuity going forward.

Negative

The order book declined from 3.2 gigawatt to 2.8 gigawatt on a year-on-year basis, indicating a decrease in new order inflows.
There has been a slowdown in tendering activity compared to the previous year, which could impact new orders.
Margins have decreased from over 23% in previous quarters to around 19-20%, potentially due to increased competition and project mix.
The company faces challenges in maintaining its order inflow amidst a competitive market environment.
There is uncertainty regarding the impact of rising module costs on the company's top-line and margins, despite assurances of cost pass-through to customers.

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

WAAE.NS - Waaree Renewable Technologies Ltd
Q4 2026 Waaree Renewable Technologies Ltd Earnings Call
Apr 17, 2026 / 10:30AM 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 Wari Renewable Technologies Ltd Q4 and FY26 Earning Conference Call hosted by MUFG Intime India Pvt. Ltd.

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

Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touch tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Nikun Jain from MUFG Intime India Pvt. Ltd.

Thank you and over to you, sir.

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