Waaree Renewable Q3 Profit Jumps 124% on EPC Boom

Waaree Renewable Technologies Ltd. saw a 124% increase in net profit in the third quarter of FY26, surpassing ₹120 crore, thanks to a surge in solar engineering, procurement, and construction (EPC) contracts.

Waaree Renewable Q3 FY26 Performance Highlights

Revenues from operations for Waaree Group’s solar EPC division increased 136% year over year (y-o-y) to ₹851 crore during the quarter. Revenues from EPC contracts increased by 138%, while sales of electricity increased by 21%. On Wednesday, the company’s Board of Directors also authorized the capital expenditure budget for the construction of a 120 MWp solar power park in Buldhana, Maharashtra.

Strong Revenue Growth Driven by EPC Boom

In an official statement, Manmohan Sharma, CFO of Waaree Renewable Technologies Ltd., commented on the findings, saying, “We are thrilled to disclose sales of ₹851.06 crore in Q3 FY26, compared to ₹360.35 crore in Q3 FY25, representing y-o-y increase of 136.18 percent.” Our margin for this achievement reflects our strong operational strategy, financial discipline, and excellent execution. With a 2.92 GWp unexecuted EPC orderbook, WRTL is well-positioned to deliver large-scale solar projects while guaranteeing long-term performance via integrated O&M services.

Execution Excellence and Financial Discipline

By concentrating on operational effectiveness and wise capital allocation, we also improved our financial situation. We are still dedicated to maintaining sound cash flows, prudent leverage, and strict governance guidelines. In order to seize new possibilities in the green ecosystem, we will keep enhancing our skills, funding innovation, and growing our alliances,” Sharma said.

New EPC Order and Project Expansion

In a regulatory statement on Wednesday, the business said that it has received a Letter of Award to carry out EPC work for a ₹103 crore turnkey ground-mount solar power project of 25 MWac/35 MWp and 50 MW of evacuation infrastructure. This LoA has been given to a major producer of pig iron, castings, and seamless tubes for a project that will be finished in the fiscal year 2026–2027.

Frequently asked questions

1. What increased Waaree Renewable’s profits in the third quarter of FY26?

The surge in solar EPC (Engineering, Procurement, and Construction) contracts, which witnessed revenue growth of 138% year over year, was the primary driver of the dramatic increase in profit.

2. What was Waaree Renewable’s Q3 FY26 profit?

In comparison to Q3 FY25, the firm posted a net profit of nearly ₹120 crore, a 124% rise.

3. How did the business do in terms of revenue during the quarter?

Strong EPC execution and consistent power sales growth contributed to a 136% year-over-year increase in revenue from operations to ₹851 crore.

4. What is Waaree Renewable’s current EPC order book?

Waaree Renewable is well-positioned for upcoming large-scale solar projects because to its unexecuted EPC order book of around 2.92 GWp.

5. What new initiatives and financial commitments were made public?

The firm obtained a ₹103 crore EPC order for a 25 MWac/35 MWp ground-mounted solar project, and the board authorized capital expenditures for a 120 MWp Solar Power Park in Buldhana, Maharashtra.

Conclusion

The Q3 FY26 results from Waaree Renewable Technologies demonstrate the power of India’s quickly growing solar EPC sector. The firm is well-positioned to maintain pace in the renewable energy industry thanks to strong revenue growth, a large order book, rigorous financial management, and fresh project wins.

Long-term growth and shareholder value are expected to be supported by ongoing investments in capacity, innovation, and collaborations.

Disclaimer

Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or legal advice. Readers are advised to consult their financial advisor before making any investment decisions.