Waaree Renewable Technologies’ Growth Analyzed

Key Points

• Strong profit jump: Net profit rose 124.74% to ₹120.19 crore.
• Revenue soared: Sales increased 136.18% to ₹851.06 crore.
• EBITDA up: Earnings before interest, taxes, depreciation, and amortization increased 120.79% to ₹158.80 crore.
• Large Order Book: 2.92 GWp of projects planned over the next 1.5 years.
• Major Projects Approved: A 120 MWp solar park in Maharashtra is being built.
• Overall Success: 9MFY26 revenue up 98.81% and PAT increased by 138.92%.

Waaree Renewable Technologies is doing really well! They made a lot more money and sold a lot more solar panels than they did last year. This is great news because it shows the company is growing quickly.

In Q3 of 2026, they made ₹120.19 crore in profit, which is a huge jump from just ₹53.48 crore the year before. They also sold a ton more solar panels – ₹851.06 crore, compared to ₹534.83 crore.

Not only that, but they’re making even more money before taxes. They made ₹158.38 crore before taxes, up from ₹70.73 crore. Their profits are growing faster than expected, and this is because of smart choices about how they run the business.

They have a lot of projects planned. They’ve already secured plans to build 217.5 MWp and 39.8 MWp solar farms. They also have a huge list of projects they *want* to build, called a “pipeline,” that’s 29 GWp big!

The company is building a big solar power park in Maharashtra, called Buldhana, that will produce 120 MWp of electricity. This shows they’re serious about expanding their operations.

Looking back at the whole year so far (9 months), Waaree Renewable made even more money – a whopping 98.81% more than last year! And their profits went up by 138.92%. They’re doing an amazing job!

India is adding a lot of solar power plants. Over 30 Gigawatts (GW) of solar capacity has been added in the first nine months of 2026, which is more than the entire country added last year. There are now about 135 Gigawatts of solar power in India.

Waaree Renewable has a plan to build a lot of these solar plants and will take care of them after they are built. This is called “O&M” and makes sure the solar plants keep working well for a long time. They are also making smart financial decisions to make sure they have enough money and are careful about spending.

The company is focused on finding new ways to make solar power even better and working with other companies. They want to be a leader in the solar energy industry and help India move towards cleaner energy.

“We are pleased to report revenues of Rs. 851.06 crores in Q3 FY26, compared to Rs. 360.35 crores in Q3 FY25, reflecting YoY growth of 136.18%. Our margin for this performance resonates our execution excellence, financial discipline and robust operating model.” – Manmohan Sharma, CFO, Waaree Renewable Technologies.

Takeaway: Waaree Renewable is successfully growing its business and contributing to India’s goal of using more clean energy.