Waaree Energies Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Waaree Energies reported Q1 FY27 consolidated revenue of Rs 7,932 crore, up 79.2% year-on-year, with operating EBITDA of Rs 1,440 crore at an 18.2% margin and profit after tax of Rs 892 crore. Management said the order book rose to approximately Rs 61,500 crore, the highest in the company's history, driven by Rs 16,000 crore of new orders won during the quarter. Management attributed quarter-on-quarter margin compression to higher raw material costs, softer export dispatches due to clearance delays, and capacity running ahead of dispatch-ready orders weighted to the second half.
Waaree Energies reported full-year FY26 consolidated revenue of Rs 26,536.77 crores, up 83.7% year-on-year, with operating EBITDA of Rs 5,908.64 crores and PAT of Rs 3,884 crores, up 101%. Management said Q4 margins declined due to higher silver and copper commodity prices, logistics delays affecting export shipments, and a lower share of DCR cell production relative to module output. The company guided operating EBITDA of Rs 7,000 crores to Rs 7,700 crores for FY27 and detailed capex plans of approximately Rs 30,000 crores across new verticals including PV glass, transformers, battery storage, and green hydrogen.