Rs 47,000 crore order book: Solar EPC company reports stellar results; Q1FY26 revenue surges 155% & PAT rockets 207%

DSIJ Intelligence-1 / 18 Jul 2025/ Categories: Multibaggers, Trending

Rs 47,000 crore order book: Solar EPC company reports stellar results; Q1FY26 revenue surges 155% & PAT rockets 207%

The stock gave multibagger returns of 335 per cent in just 2 years, 1,870 per cent in 3 years and a whopping 73,600 per cent in 5 years.

Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Group, specialises in Solar EPC (Engineering, Procurement, and Construction) and acts as a solar developer. Based in Mumbai, WRTL finances, constructs, owns, and operates solar projects, primarily focusing on long-term investments within the commercial and industrial sectoRs The company aims to provide clean energy solutions by setting up on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open-access solar plants), thereby helping clients reduce carbon emissions and contributing to the growing renewable energy market.

Waaree Renewable Technologies Limited (WAAREERTL) has demonstrated exceptional financial performance for the first quarter of FY26, ending June 30, 2025. The company reported a significant revenue growth of 155.20 per cent year-on-year, reaching Rs 603.19 crores, compared to Rs 236.35 crores in Q1FY25. This robust growth was complemented by a remarkable 206.77 per cent increase in Profit After Tax (PAT), which stood at Rs 86.39 crores for Q1FY26, up from Rs 28.16 crores in the corresponding period last year. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) also saw substantial growth of 186.14 per cent, reaching Rs 117.54 crores.

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Further solidifying its position, Waaree Renewable Technologies Limited maintains a strong unexecuted order book of 3.15 GWp, slated for execution within the next 12 to 15 months. The company's strategic expansion into Battery Energy Storage Systems (BESS) and data centres, alongside its core solar EPC operations, positions it for continued growth. Recent significant order wins in Q1FY26 include a 435 MWp and a 131.6 MWp ground-mounted solar power project, contributing to a robust bidding pipeline of over 25 GWp.

The company has a market cap of over Rs 12,000 crore and has delivered good profit growth of 274 per cent CAGR over the last 5 years. The company’s order book as of June 31, 2025, stands at Rs 25+ GW or Rs 47,000 crore. The shares of the company have an ROE of 65 per cent and an ROCE of 85 per cent. The stock gave multibagger returns of 335 per cent in just 2 years, 1,870 per cent in 3 years and a whopping 73,600 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.