Waaree Energies Q1 FY27 Revenue soars 79% YoY to ₹7,932 Cr; Order book hits ₹61.5k Cr
Waaree Energies reported Q1 FY27 revenue of ₹7,931.79 Crores, a 79.22% YoY increase. Operating EBITDA rose 44.38% to ₹1,439.92 Crores, and PAT grew 15.39% to ₹891.87 Crores. The company secured new orders worth ~₹16,000 Crores, boosting its order book to ~₹61,500 Crores. The 10 GW cell facility is on track, and a 55% stake in Associated Power Structures was acquired.
The substantial revenue growth, significant order book expansion, and strategic acquisition of a key subsidiary are material developments that are likely to have a significant impact on the company's future performance and market position.
The company reported strong year-on-year growth in revenue, operating EBITDA, and PAT, along with a significant increase in its order book. Strategic acquisitions and capacity expansions were also highlighted.
Waaree Energies Limited has announced its unaudited financial results for the quarter ended June 30, 2026, reporting a significant year-on-year growth in revenue. The company's revenue from operations surged by 79.22% to ₹7,931.79 Crores in Q1 FY27, compared to ₹4,425.83 Crores in Q1 FY26.
Operating EBITDA for the quarter increased by 44.38% YoY to ₹1,439.92 Crores, although the Operating EBITDA margin saw a decrease from 22.53% in Q1 FY26 to 18.15% in Q1 FY27. Profit After Tax (PAT) grew by 15.39% YoY to ₹891.87 Crores, with a PAT margin of 11.01%.
Key operational highlights for Q1 FY27 include a module production of 3.24 GW, a 41.51% YoY growth. The company also added new orders worth approximately ₹16,000 Crores, taking its total order book to around ₹61,500 Crores. The 10 GW cell facility in Unn, Gujarat, is progressing as planned and is expected to commence production within the current financial year. Furthermore, Waaree Energies completed the strategic acquisition of a 55% equity stake in Associated Power Structures Private Limited to enhance its power infrastructure capabilities. The company also commenced automated BESS container manufacturing in Rola, Gujarat.
Mr. Jignesh Rathod, Whole Time Director & CEO, commented that the performance reflects the resilience of their integrated business model and sustained demand. He highlighted the evolution of 'Waaree 2.0', transforming into a diversified energy transition enterprise. The company reaffirmed its FY27 Operating EBITDA guidance of ₹7,000 – 7,700 Crores.
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