Waaree Renewable Technologies' Q4 FY 2025-26 Quarterly Results

Result Summary

• Waaree Renewable Technologies Ltd reported a 29.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Mar (Q4 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 130.2%.
• Its expenses for the quarter were up by 29.0% QoQ and 152.7% YoY.
• The net profit increased 29.5% QoQ and increased 66.1% YoY.
• The earnings per share (EPS) of Waaree Renewable Technologies Ltd stood at 14.94 during Q4 FY 2025-26.

Financial Statments for Q4 FY 2025-26

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 is engaged in the renewable energy sector, focusing primarily on providing products and services related to solar energy solutions. This company is part of the larger Waaree Group, which is one of India's leading solar photovoltaic (PV) module manufacturers. Waaree Renewable Technologies Ltd offers a wide range of solar products including solar panels, solar water pumps, and other solar applications designed to cater to both residential and commercial markets. The company is involved in offering end-to-end solar solutions including project development, EPC (Engineering, Procurement, and Construction) services, and O&M (Operations and Maintenance). Recent developments in the sector include an increased governmental push towards renewable energy adoption, which could potentially influence the company's operations and growth.

Revenue

During the fourth quarter of fiscal year 2026 (Q4FY26), Waaree Renewable Technologies Ltd reported a total income of ₹1108.44 crores. This represents a substantial increase of 29.5% from the previous quarter (Q3FY26) where the total income was ₹856.18 crores. When compared to the same quarter in the previous year (Q4FY25), there is a notable year-over-year increase of 130.2% from ₹481.44 crores. This significant growth in revenue can be attributed to the company's expanding operations and potential increases in market demand for its products and services.

Profitability

In terms of profitability, the company recorded a profit before tax of ₹208.09 crores in Q4FY26, which is a 31.4% increase from the previous quarter's ₹158.39 crores. The profit before tax has also risen by 71.7% year-over-year from ₹121.17 crores in Q4FY25. After accounting for taxes, the profit after tax for Q4FY26 stands at ₹155.71 crores, marking a 29.5% increase from Q3FY26 and a 66.1% increase from Q4FY25. Earnings per share (EPS) for the company is reported at ₹14.94, reflecting a quarter-over-quarter growth of 29.9% and a year-over-year growth of 66.4%. These metrics highlight the company's ability to enhance its profitability despite the increased tax expenses, which rose by 37.2% QoQ and 91.2% YoY.

Operating Metrics

The total expenses for Waaree Renewable Technologies Ltd in Q4FY26 amounted to ₹900.35 crores, which is 29.0% higher than the previous quarter (Q3FY26) where expenses were ₹697.79 crores. Compared to Q4FY25, the expenses have increased by 152.7% from ₹356.26 crores. The increase in expenses is in line with the overall growth in income, suggesting an expansion in operational activities. The profit margins, both before and after tax, have shown an upward trajectory, driven by the substantial increase in total income outpacing the rise in expenses. The tax expenses also saw a significant rise, possibly reflecting higher taxable income during this period. Overall, the company's operating metrics indicate a period of growth and increased activity in its operations.