Rs 49,000 Crore Order Book: Solar Modules Manufacturer Reported Q1 FY26 Results, Revenue Up 31.48%, PAT Jumps 92.68%

DSIJ Intelligence-2 / 29 Jul 2025/ Categories: Mindshare, Trending

Rs 49,000 Crore Order Book: Solar Modules Manufacturer Reported Q1 FY26 Results, Revenue Up 31.48%, PAT Jumps 92.68%

Year-to-date, the stock has gained 13.91 per cent, and in the last three months, it is up by 22.17 per cent.

Waaree Energies Ltd reported its unaudited Q1 FY26 Quarterly Results, showing a strong operational and financial performance. The company’s total revenue for the quarter ended June 30, 2025, stood at Rs 4,597.18 crore, registering a 31.48 per cent year-over-year(YoY) rise from Rs 3,496.41 crore in Q1 FY25. On a quarter-over-quarter (QoQ) basis, revenue increased by 11.02 per cent from Rs 4,140.92 crore in Q4 FY25.

Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) grew by 82.61 per cent YoY to Rs 1,168.67 crore, with an EBITDA margin of 25.42 per cent. Profit After Tax (PAT) surged by 92.68 per cent YoY to Rs 772.89 crore, compared to Rs 401.13 crore in the same quarter last year, resulting in a PAT margin of 16.81 per cent.

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Operationally, the company achieved its highest-ever quarterly module production of 2.3 GW and maintained a strong order book of approximately 25 GW, valued at about Rs 49,000 crore. Cell production ramped up, with Waaree Solar Americas Inc. securing fresh orders of around 2.23 GW. The Board approved capital expenditure of Rs 2,754 crore to expand cell capacity by 4 GW in Gujarat and ingot-wafer capacity by 4 GW in Maharashtra. Additional module manufacturing facilities of 1.6 GW in Texas, USA, and 3.2 GW in Chikhli, Gujarat, are scheduled for commissioning.

The company is also constructing facilities for green hydrogen, inverters, and battery energy storage systems. A global project pipeline exceeding 100 GW and FY26 EBITDA guidance of Rs 5,500–6,000 crore underline growth momentum.

Following the results, Waaree Energies’ share price rose 5.05 per cent on Tuesday, trading at Rs 3,268 at 10:40 am IST. Year-to-date, the stock has gained 13.91 per cent, and in the last three months, it is up by 22.17 per cent. Since its IPO listing in October 2024, it has delivered 29.90 per cent returns.

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