Waaree Renewable Technologies reported a 34% year‑on‑year jump in net profit for the June quarter, with revenue climbing 53% to ₹924 crore and EBITDA rising 48% to ₹173 crore, yielding an EBITDA margin of 18.8% versus 19.5% a year ago.
The company’s consolidated unexecuted order book stood at more than ₹5,300 crore by quarter‑end, and its bidding pipeline now exceeds 37 GWp of solar projects, over 10 GWh of battery storage, and transmission opportunities worth upwards of ₹20,000 crore.
On Thursday, Waaree secured a Letter of Acceptance for a 5 MWp grid‑connected solar PV project from a public sector undertaking, a turnkey EPC and 10‑year O&M contract slated for completion within 12 months.
The firm also acquired a 55% stake in Associated Power Structures Pvt. Ltd., expanding its footprint in transmission and distribution; CFO Manmohan Sharma noted that this move "strengthens our capabilities in T&D, enabling integrated solutions while scaling our renewable EPC business."
At the close of trading, Waaree’s shares slid 2.07% to ₹796.20 on the BSE, reflecting a market wary of margin compression despite robust order inflows and a sizeable pipeline that positions the company for future upside.