Waaree Energies, considered one of India’s main renewable vitality firms, introduced its June-ending quarter outcomes on July 28, reporting a 89% leap in consolidated internet revenue to ₹745 crore, in comparison with ₹394 crore in the identical interval final 12 months.
The expansion was pushed by a pointy rise in photo voltaic photovoltaic (PV) module gross sales, with the corporate attaining its highest-ever quarterly module manufacturing of two.3 GW in Q1 FY26, supported by robust operational focus. Cell manufacturing additionally continued to ramp up in the course of the quarter, based on the corporate’s earnings’ report.
The income from photo voltaic PV modules rose to ₹3,872.35 crore, up from ₹3,178 crore in Q1 FY25, whereas income from the EPC phase jumped 160.50% YoY to ₹589.27 crore in Q1FY26.
Total, the corporate’s consolidated income from operations improved 31.48% YoY to ₹4,597.18 crore. On the working entrance, EBITDA surged 82.61% YoY to ₹1,168.67 crore, with EBITDA margins increasing by 712 foundation factors to 25.42%.
The corporate said it stays on monitor to fee further module manufacturing capacities of 1.6 GW in Texas (USA) and three.2 GW in Chikhli (Gujarat). Additionally it is more and more specializing in inexperienced hydrogen, making vital investments within the sector, with inexperienced hydrogen, inverter, and battery vitality storage system services below development and progressing as deliberate, the corporate mentioned.
In late January, the corporate’s wholly owned subsidiary, Waaree Clear Power Options, acquired a Notification of Award (NOA) from Photo voltaic Power Company of India Restricted (SECI) to arrange a manufacturing facility with a capability of 90,000 MT each year for inexperienced hydrogen.
The Board of Administrators has moreover accredited a capex of ₹2,754 crore to broaden cell manufacturing capability by 4 GW in Gujarat and ingot-wafer capability by 4 GW in Maharashtra.
Commenting on the outcomes, Dr. Amit Paithankar, Entire Time Director & CEO of Waaree Energies mentioned, “Waaree continues to ship robust operational efficiency in Q1 FY26, constructing on final 12 months’s momentum. He highlighted a strong order ebook of ₹49,000 crore and a world mission pipeline exceeding 100 GW, reflecting constructive market sentiment throughout key geographies.”
Paithankar famous that attaining document module manufacturing of two.3 GW underscores the corporate’s operational effectivity enhancements, with manufacturing unit build-out tasks in India and the U.S. remaining on schedule. He added that value self-discipline and profitability focus are clearly seen within the monetary outcomes, and the corporate maintains its FY26 EBITDA steering of ₹5,500–6,000 crore.
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