Waaree Renewable Technologies Limited (WRTL) has announced its unaudited results for the first quarter (Q1) of financial year (FY) 2025-26, ending June 30, 2025. The company reported revenue from operations of Rs 6.03 billion in Q1 FY 2025-26, marking a 155.2 per cent year-on-year (YoY) growth from Rs 2.36 billion in Q1 FY 2024-25. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 186.1 per cent YoY to Rs 1.17 billion in Q1 FY 2025-26. The EBITDA margin reached 19.5 per cent, increasing from 17.38 per cent in Q1 FY 2024-25. Profit after tax (PAT) increased to Rs 863.9 million, up from Rs 281.6 million in Q1 FY 2024-25, marking a 206.77 YoY increase. The PAT margin was recorded at 14.3 per cent, up from 11.91 per cent in Q1 FY 2024-25.
The company’s total income for the quarter reached Rs 6.08 billion, which includes Rs 48.3 million from other income sources. Engineering, procurement and construction (EPC) contract revenue contributed Rs 5.94 billion, while revenue from the power sale segment stood at Rs 87.8 million. Operating costs during Q1 FY 2025-26 included Rs 4.70 billion for EPC contract expenses, Rs 93.5 million for employee benefits, Rs 35.6 million in finance costs, and Rs 22.3 million in depreciation. WRTL also invested Rs 79.8 million in Smart Joules Private Limited, an energy efficiency solutions provider.
As of Q1 FY 2025-26, WRTL’s unexecuted order book stood at 3.15 GWp, expected to be completed within 12 to 15 months. Furthermore, the bidding pipeline remains strong, reportedly exceeding 25 GWp.
