Waaree Renewable Q1 FY27 Revenue Surges 53% YoY to ₹924 Cr; Orderbook ₹5,300 Cr+
Waaree Renewable Technologies reported Q1 FY27 revenue of ₹924.25 crore, up 53.23% YoY. EBITDA grew 47.58% to ₹173.48 crore, and PAT rose 37.70% to ₹118.97 crore. The company has an unexecuted orderbook of ₹5,300+ crore and recently acquired a 55% stake in Associated Power Structures Pvt. Ltd.
The substantial YoY growth in key financial metrics, a large order book, and strategic acquisitions like APSPL point to a significant positive impact on the company's market position and future earnings.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, along with a strong order book and strategic acquisitions, indicating positive business performance and future prospects.
Waaree Renewable Technologies Limited (WRTL), the EPC arm of the Waaree Group, has reported strong financial results for the quarter ended June 30, 2026 (Q1 FY27). Revenue from operations stood at ₹924.25 crore, marking a significant year-on-year growth of 53.23% compared to ₹603.19 crore in Q1 FY26. The company's EBITDA also saw a substantial increase of 47.58% YoY, reaching ₹173.48 crore. Profit After Tax (PAT) grew by 37.70% YoY to ₹118.97 crore.
WRTL maintains a robust unexecuted orderbook of over ₹5,300 crore, providing strong revenue visibility. The company is also actively pursuing opportunities in Battery Energy Storage Systems (BESS) and Data Centre EPC projects, alongside its core renewable EPC business. Key updates include a recent order win for a 1,520 MW h BESS project and a 450 MWp ground-mounted solar power project. Furthermore, WRTL has acquired a 55% equity stake in Associated Power Structures Pvt. Ltd., strengthening its presence in the transmission and distribution (T&D) sector.
Commenting on the performance, Mr. Manmohan Sharma, CFO of Waaree Renewable Technologies Limited, highlighted the company's ability to navigate global business challenges and achieve robust growth. He emphasized the strong runway for utility-scale renewable development in India, driven by the nation's clean energy transition goals, and the emerging opportunities in BESS and hybrid renewables. The acquisition of APSPL is expected to enable integrated solutions and further expansion of the renewable EPC business.
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