Waaree Renewable Technologies Jumps Nearly 10% – Here is Why

Earlier, the stock was closed at ₹1,060.30 on April 16, against ₹1,039.45 in the preceding day, prior to the release of results after trading hours.

Coming to the overall performance of the stock, it has declined by 2.9% since one year. But, it has gained 9.9% during the year 2026. Short term momentum is quite positive for the stock as it has gained 28% in one month and 15.8% in the last five trading days. It can be seen that the stock price has increased by about 50% in the month of April 2026. Market cap of the company stood at ₹11,102.39 crore as of April 16, 2026.

Waaree Renewable Technologies Q4 Results

The financials of Waaree Renewable Technologies were quite impressive in Q4 FY2025-26, as the company witnessed a whopping increase in its net profits by 66%, which reached the level of ₹155.72 crore against ₹93.76 crore in Q4 FY2024-25. The key reason for the impressive performance of the company is the significant boost in revenues from its operations.

Revenues from the operations of Waaree Renewables increased sharply to ₹1,102.40 crore against ₹476.58 crore recorded in Q4 of the previous financial year. EPS (earnings per share) of the company in Q4 FY2026 stood at ₹14.96 against ₹9 last year.

Full-Year FY26 Performance Shows Two-Fold Growth

The corporation had an outstanding performance on all key performance indicators for the complete financial year FY2025-26. The consolidated net profit was ₹478.65 crore, up from ₹228.92 crore reported in FY25, indicating more than double the profit amount.

The revenue generated through operations in FY26 was ₹3,331.42 crore, marking a twofold rise from ₹1,597.75 crore achieved in the previous financial year.

EPC Segment Drives Growth, Power Sales Decline

The company’s primary EPC business continued to be the main driver for its growth in Q4. The spike in its income can be attributed mainly to the success of its EPC business operations.

Nonetheless, its income from selling power fell by 25% when compared to the previous year’s performance. Nonetheless, the company’s overall income growth was impressive owing to the rise in project execution capacity.

Strong Order Book and Pipeline Support Future Growth

The Waaree Renewable Technologies still sees benefits from its healthy order pipeline. The firm reported unexecuted EPC order backlog standing at 2.83 GWp, offering a positive outlook on execution in the coming period.

Besides, the bidding pipeline still stands strong at above 36 GWp, offering continued momentum in terms of growth. The execution is expected to be completed within the coming 12 to 15 months.

During Q4 FY26, the company received new orders of solar projects standing at 469 MWp comprising three individual projects with capacities of 420 MWp, 35 MWp, and 14 MWp respectively.

Solar Sector Growth Boosts Business Outlook

According to CFO Manmohan Sharma, India’s solar sector witnessed a sharp increase in capacity additions during FY26. Solar additions rose to over 44 GW, compared to approximately 24 GW in FY25.

Solar accounted for around 82% of total renewable capacity additions during the year, reinforcing its position as the primary driver of India’s clean energy transition. This macro trend continues to support Waaree Renewable Technologies’ growth outlook.

Outlook

Waaree Renewable Technologies is well-placed to continue growing based on its robust pipeline of orders amounting to 2.83 GWp, an abundant pipeline of bids totalling more than 36 GWp, and increasing solar energy generation capacity in India. The company’s efforts in EPC completion and growth of projects are likely to ensure its revenue visibility.