Waaree Renewable Technologies' Q4 FY 2025-26 Quarterly Results

Result Summary

• Waaree Renewable Technologies Ltd reported a 43.8% quarter-on-quarter (QoQ) decrease 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 75.3%.
• Its expenses for the quarter were down by 48.9% QoQ and up 75.5% YoY.
• The net profit decreased 22.0% QoQ and increased 73.0% YoY.
• The earnings per share (EPS) of Waaree Renewable Technologies Ltd stood at 8.98 during Q4 FY 2025-26.

Financial Statments for Q4 FY 2025-26

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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 a prominent player in the renewable energy sector. The company specializes in the production and distribution of solar energy solutions, including photovoltaic modules and solar energy systems. Waaree is part of the larger Waaree Group, which is one of India's leading solar PV module manufacturers. The company has established a significant presence in the renewable energy industry, contributing to sustainable energy solutions. As of the latest updates available until October 2023, Waaree has been involved in expanding its portfolio and enhancing its technological capabilities to meet the growing demand for renewable energy.

Revenue

In the fourth quarter of fiscal year 2026 (Q4FY26), Waaree Renewable Technologies Ltd reported a total income of ₹481.44 crores. This represents a quarter-over-quarter (QoQ) decrease of 43.8% compared to ₹856.18 crores in the third quarter of fiscal year 2026 (Q3FY26). However, when compared to the fourth quarter of fiscal year 2025 (Q4FY25), the total income showed a significant year-over-year (YoY) increase of 75.3% from ₹274.58 crores. These figures highlight the volatility in revenue generation, which may be attributable to various factors including market conditions and seasonal demand fluctuations.

Profitability

Waaree Renewable Technologies Ltd's profitability metrics for Q4FY26 indicate a profit before tax of ₹121.17 crores, experiencing a QoQ decrease of 23.5% from ₹158.39 crores in Q3FY26. The profit before tax also displayed a YoY increase of 69.4% from Q4FY25's figure of ₹71.54 crores. Subsequently, the profit after tax for Q4FY26 was ₹93.76 crores, down 22.0% QoQ from ₹120.20 crores in Q3FY26, but up 73.0% YoY from ₹54.19 crores in Q4FY25. The company's earnings per share (EPS) for Q4FY26 stood at ₹8.98, reflecting a QoQ decrease of 21.9% from ₹11.50 in Q3FY26, while showcasing a YoY increase of 72.7% from ₹5.20 in Q4FY25.

Operating Metrics

The total expenses for Waaree Renewable Technologies Ltd in Q4FY26 were reported at ₹356.26 crores, showing a substantial QoQ decline of 48.9% from ₹697.79 crores in Q3FY26. On a YoY basis, total expenses increased by 75.5% from ₹203.04 crores in Q4FY25. The tax provision for Q4FY26 was ₹27.40 crores, which decreased by 28.3% QoQ from ₹38.19 crores in Q3FY26, while increasing by 57.8% YoY from ₹17.36 crores in Q4FY25. This financial data suggests fluctuations in operational expenditures and tax obligations, which are essential for understanding the cost structure and financial planning of the company.