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Waaree Renewable Technologies’ Q3 Profit Climbs More Than 100% to ₹120 Crore
Waaree Renewable Technologies — Q3 FY26 Financial Performance and Key Developments
Profit Growth:
For the quarter ended December 31, 2025 (Q3 FY26), Waaree Renewable Technologies Ltd (WRTL) posted a net profit of ₹120.19 crore, more than doubling year‑on‑year from ₹53.48 crore in the corresponding quarter of the previous fiscal.
Revenue Expansion:
The company’s revenue from operations surged to ₹851.06 crore in Q3 FY26, a 136% increase compared to ₹360.35 crore in Q3 FY25, driven by stronger project execution.
Profit After Tax (PAT) Increase:
Consolidated PAT grew 124.74 percent year‑on‑year, reflecting robust growth in both topline and bottom‑line performance.
Order Book and Bidding Pipeline:
WRTL reported an unexecuted EPC order book of approximately 2.92 GWp, which is slated for execution over the next 12–15 months. The company’s bidding pipeline remains strong at 29 GWp, signalling continued future workload.
Capital Expenditure Plans:
The board of directors has approved a capital expenditure plan to establish a 120 MWp solar power park in Buldhana, Maharashtra, underlining expansion into solar infrastructure development.
Management Commentary:
WRTL’s management emphasised its focus on strengthening capabilities, investing in innovation and expanding partnerships to capture opportunities within the rapidly growing renewable energy ecosystem.
Business Scope:
WRTL operates as a solar engineering, procurement and construction (EPC) company, and also develops, finances, constructs, owns and operates solar power projects, with a strategic focus on long‑term investments for commercial and industrial customers across geographies.
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