Waaree Renewable Shares Surge 12% as Q4 Revenue Jumps 131% and Profit Rises 66%

Waaree Renewable Technologies Surges 12% After Reporting Strong Q4 Earnings

Shares of Waaree Renewable Technologies surged nearly 12% in Friday's trade after the company reported strong fourth-quarter earnings and highlighted a healthy order pipeline. In morning trade, the stock was at Rs 1,185.65, up Rs 125.35 or 11.82%, placing it among the top gainers of the session.

Waaree Renewable Technologies' fourth-quarter earnings were impressive, with revenue from operations jumping 131.31% year-on-year to Rs 1,102.40 crore, compared with Rs 476.58 crore in the year-ago period. The company's EBITDA rose 63.71% to Rs 206.82 crore from Rs 126.33 crore a year earlier. Net profit for the quarter climbed 66.08% to Rs 155.72 crore, against Rs 93.76 crore in Q4FY25.

The company also highlighted its strong order pipeline, with an unexecuted order book standing at 2.83 GWp, expected to be executed over the next 12-15 months. Its bidding pipeline has expanded to over 36 GWp. Waaree Renewable Technologies' CFO, Manmohan Sharma, commented on the company's financial performance, stating that the company concluded FY26 with a stellar and consistent financial performance, with revenue of Rs 3,331.42 crore as compared to Rs 1,597.75 crore for FY25, reflecting a robust growth of 108.51%.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

The company's outlook on future growth is also positive, with India's renewable energy sector continuing to build strong momentum. As of March 2026, total installed renewable capacity had crossed 274 GW, while solar contributed over 150 GW. During FY26, solar additions rose sharply to over 44 GW, compared to ~24 GW in the previous year, marking a significant jump over last year.