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Waaree Energies Limited Q4 FY26 earnings call summary

NSE: WAAREEENER · BSE: 544277

Earnings call of 30 Apr 2026, summarised by AI from the filing.

Waaree Energies FY26 revenue ₹26,536.77 cr, up 83.7%, with FY27 operating EBITDA guided at ₹7,000-7,700 cr.

Key takeaways

  1. FY27 guidance Operating EBITDA guided at ₹7,000-7,700 cr for FY27.
  2. Q4 margin decline Q4 margin fell on silver and copper prices, logistics costs, and lower overseas mix.
  3. Cell expansion 10 GW cell going live in H2 FY27 will raise in-house cell capacity to 15.5 GW, improving margins.
  4. ALMM II uncertainty ALMM II implementation timing uncertain, deferring C&I customer decisions.

Original filing on BSE

Waaree Energies Limited Q1 FY27 results

As filed: Revenue ₹7,932 cr (+79% year on year), EBITDA ₹1,440 cr (+44% year on year), PAT ₹892 cr (+15% year on year), EBITDA margin 18.2% (−437 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹8,480 cr (+112% year on year), EBITDA ₹1,577 cr (+71% year on year), PAT ₹1,126 cr (+75% year on year), EBITDA margin 18.6% (−443 bps). Score 85 of 100, Above trend. EBITDA margin fell 443 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −10.3% in 30 days (Nifty 500: −0.9%).
  • Q3 FY26: Revenue ₹7,565 cr (+119% year on year), EBITDA ₹1,928 cr (+167% year on year), PAT ₹1,107 cr (+156% year on year), EBITDA margin 25.5% (+460 bps). Score 100 of 100, Above trend. EBITDA margin rose 460 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +26.1% in 30 days (Nifty 500: +2.5%).
  • Q2 FY26: Revenue ₹6,066 cr (+70% year on year), EBITDA ₹1,406 cr (+168% year on year), PAT ₹878 cr (+134% year on year), EBITDA margin 23.2% (+849 bps). Score 100 of 100, Above trend. EBITDA margin rose 849 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −7.7% in 29 days (Nifty 500: +1.2%).
  • Q1 FY26: Revenue ₹4,426 cr, EBITDA ₹997 cr, PAT ₹773 cr, EBITDA margin 22.5%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹4,426 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: +4.9% in 29 days (Nifty 500: −0.3%).
  • Q4 FY25: Revenue ₹3,323 cr, EBITDA ₹761 cr, PAT ₹581 cr, EBITDA margin 22.9%. Not scored. No result for the same quarter last year. Share price after the results: +14.6% in 30 days (Nifty 500: +2.3%).
  • Q3 FY25: Revenue ₹3,082 cr, EBITDA ₹640 cr, PAT ₹471 cr, EBITDA margin 20.8%. Not scored. No result for the same quarter last year.
  • Q2 FY25: Revenue ₹3,169 cr, EBITDA ₹474 cr, PAT ₹357 cr, EBITDA margin 15.0%. Not scored. No result for the same quarter last year.

Past price moves after results do not indicate future moves. Not a recommendation.

Waaree Energies Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.