Waaree Energies Q4 FY26 results (Jan–Mar 2026) and concall

Capital Goods · Concall AI · Call held 30 Apr 2026

Company page: Waaree Energies share price, financials & guidance record

Waaree Energies delivered a record FY26, with revenue, EBITDA, and PAT showing significant YoY growth, surpassing guidance. The company is aggressively pursuing its Waaree 2.0 vision through substantial capex and strategic acquisitions for deep integration across the energy value chain. However, Q4 FY26 saw margin compression and increased working capital due to external factors and order deferrals, which management expects to normalize.

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What they filed

Q4 FY26: revenue up 111.8%, net profit up 74.8% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26
Revenue	3,574	3,457	4,004	4,426	6,066 +70%	7,565 +119%	8,480 +112%
Expenses	3,050	2,736	3,081	3,429	4,659	5,637	6,904
EBITDA	525	722	923	997	1,406 +168%	1,928 +167%	1,577 +71%
Margin	15%	21%	23%	23%	23%	25%	19%
Other income	89	88	133	171	161	-99	180
Interest	31	31	57	43	96	93	48
Depreciation	84	89	153	182	240	267	301
Profit before tax	499	690	845	943	1,231 +147%	1,469 +113%	1,408 +67%
Tax rate	25%	27%	24%	18%	29%	25%	20%
Net profit	376	507	644	773	878 +134%	1,107 +118%	1,126 +75%
EPS	13.73	17.15	21.54	25.94	29.29	36.94	36.89

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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