Waaree Renewable Technologies' Q3 FY 2025-26 Quarterly Results
- 15 Jan 2026
Result Summary
- Waaree Renewable Technologies Ltd reported a 9.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 135.1%.
- Its expenses for the quarter were up by 12.1% QoQ and 137.8% YoY.
- The net profit increased 3.3% QoQ and increased 124.7% YoY.
- The earnings per share (EPS) of Waaree Renewable Technologies Ltd stood at 11.5 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 856.18 | 779.21 | 364.13 | 9.9% | 135.1% |
Total Expenses | 697.79 | 622.64 | 293.39 | 12.1% | 137.8% |
Profit Before Tax | 158.39 | 156.56 | 70.73 | 1.2% | 123.9% |
Tax | 38.19 | 40.22 | 17.25 | -5.0% | 121.4% |
Profit After Tax | 120.20 | 116.35 | 53.49 | 3.3% | 124.7% |
Earnings Per Share | 11.50 | 11.13 | 5.12 | 3.3% | 124.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Waaree Renewable Technologies Ltd operates within the renewable energy sector, specializing in the development and deployment of solar energy solutions. The company is primarily involved in manufacturing solar photovoltaic modules and offering comprehensive EPC (Engineering, Procurement, and Construction) services. As a player in the renewable energy industry, Waaree Renewable Technologies Ltd focuses on promoting sustainable energy practices through its innovative product offerings. Recent developments for the company include expanding its production capacity to meet growing demand in both domestic and international markets, as well as strategic partnerships to enhance its technological capabilities and market reach.
Revenue
In the third quarter of the fiscal year 2026 (Q3FY26), Waaree Renewable Technologies Ltd reported a total income of ₹856.18 crores. This reflects a quarter-over-quarter (QoQ) increase of 9.9% compared to the second quarter of the fiscal year 2026 (Q2FY26), where the total income was ₹779.21 crores. Year-over-year (YoY) growth is even more pronounced, with a 135.1% increase from the third quarter of the fiscal year 2025 (Q3FY25), which recorded a total income of ₹364.13 crores. This substantial YoY growth highlights the company's expanding revenue base, likely driven by increased demand for its renewable energy solutions and possibly enhanced market penetration.
Profitability
The profitability of Waaree Renewable Technologies Ltd is demonstrated by its profit before tax (PBT) and profit after tax (PAT) figures. In Q3FY26, the company achieved a PBT of ₹158.39 crores, marking a slight QoQ increase of 1.2% from ₹156.56 crores in Q2FY26. Compared to Q3FY25, where the PBT was ₹70.73 crores, the YoY growth stands at 123.9%. The PAT for Q3FY26 was ₹120.20 crores, reflecting a 3.3% QoQ increase from Q2FY26's ₹116.35 crores, and a notable 124.7% YoY growth from ₹53.49 crores in Q3FY25. These figures imply robust profitability growth, supported by effective cost management and operational efficiencies.
Operating Metrics
The company's operating metrics for Q3FY26 indicate a total expense of ₹697.79 crores, which is a QoQ increase of 12.1% from ₹622.64 crores in Q2FY26. The YoY comparison shows a significant rise of 137.8% from ₹293.39 crores in Q3FY25. Despite the increase in expenses, Waaree Renewable Technologies Ltd has managed to maintain a healthy profit margin, evidenced by the steady increase in profits. Tax expenses in Q3FY26 amounted to ₹38.19 crores, showing a decrease of 5.0% QoQ from ₹40.22 crores in Q2FY26, while YoY, it increased by 121.4% from ₹17.25 crores in Q3FY25. Additionally, the earnings per share (EPS) for Q3FY26 was ₹11.50, reflecting a QoQ rise of 3.3% from ₹11.13 in Q2FY26, and a substantial YoY increase of 124.6% from ₹5.12 in Q3FY25. These metrics suggest a strong operational performance and an ability to sustain growth amidst increasing expenses.