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Waaree Energies Limited special call summary
NSE: WAAREEENER · BSE: 544277
Special call of 25 Feb 2026, summarised by AI from the filing.
Waaree says US 126% CVD has no material impact; US module capacity to expand to 4.2 GW by year-end.
Key takeaways
- US CVD US announced preliminary countervailing duty of 126%; management says no material impact on US order book.
- US capacity US module capacity to expand from 2.6 GW to 4.2 GW by around year-end.
- Order book Order book ₹60,000 cr at last earnings call, up from ₹40,000 cr at start of year.
- Risk FEOC compliance from April 2026 requires non-Chinese supply chain.
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
- Q1 FY27: Earnings call (30 Jul 2026), Results deck (30 Jul 2026), Results press release (29 Jul 2026)
- Q4 FY26: Earnings call (30 Apr 2026), Results deck (30 Apr 2026), Results press release (29 Apr 2026)
- Q3 FY26: Earnings call (22 Jan 2026), Results deck (22 Jan 2026), Results press release (21 Jan 2026)
- Q2 FY26: Earnings call (17 Oct 2025), Results deck (16 Oct 2025), Results press release (16 Oct 2025)
- Q1 FY26: Earnings call (30 Jul 2025), Results deck (28 Jul 2025), Results press release (28 Jul 2025)
- Q4 FY25: Earnings call (23 Apr 2025), Results deck (22 Apr 2025), Results press release (22 Apr 2025)
- Other events: Strategy deck (7 May 2026), Special call (25 Feb 2026)
Figures from the company's filings with NSE and BSE. Not investment advice.