Waaree Energies Reports Strong Q1 FY27 Results; Revenue Surges 79.22% YoY as Order Book Reaches ₹61,500 Crore

Waaree Energies Reports Strong Q1 FY27 Results; Revenue Surges 79.22% YoY as Order Book Reaches ₹61,500 Crore​

Waaree Energies Limited reported robust financial performance for the quarter ended June 30, 2026, announcing a significant surge in revenue and expanding its order book substantially through strategic business development and operational efficiency. The company's results reflect the momentum gained by its evolving "Waaree 2.0" strategy, transitioning the entity into a diversified energy transition enterprise.

Q1 FY27 Financial Performance Snapshot​

The financial results for Q1 FY27 showed substantial year-over-year growth across key metrics. Revenue from Operations reached ₹7,931.79 Crores, marking a 79.22% increase compared to the previous year. Operating EBITDA grew by 44.38%, standing at ₹1,439.92 Crores. Quarterly PAT also saw a solid rise of 15.39%, reaching ₹891.87 Crores.

The key financial details for Q1 FY27 and Q1 FY26 are summarized below:

Operational and Strategic Developments​

The company highlighted several key operational achievements for the quarter. Module production reached 3.24 GW in Q1 FY27, representing a 41.51% growth year-over-year, attributed to strong operational efficiency and scale advantages.

Beyond solar module manufacturing, Waaree Energies made significant advancements in infrastructure and diversification:

• The 10 GW Cell facility in Unn, Gujarat is progressing according to plan and is expected to begin production within the current financial year.
• Waaree acquired a 55% equity stake in Associated Power Structures Private Limited, enhancing its capabilities in power infrastructure and supporting integrated renewable energy project execution.
• Operations commenced for advanced automated BESS container manufacturing (5.15 GWh) in Rola, Gujarat.

CEO Commentary on 'Waaree 2.0' Evolution​

Mr. Jignesh Rathod, Whole Time Director & CEO of Waaree Energies Ltd., commented that the Q1 FY27 results underscore the resilience of the integrated business model and disciplined execution, driven by sustained demand in both domestic and international markets. As of this date, the company holds a record order book totaling approximately ₹61,500 crore.

Mr. Rathod stated that the performance highlights Waaree’s ability to achieve profitable growth while expanding its global footprint and strengthening its manufacturing ecosystem. He noted that the quarter marked the continued evolution of "Waaree 2.0," transforming the company from a leading solar module manufacturer into a diversified energy transition enterprise with multiple high-growth engines across the renewable value chain.

He further detailed the strategic steps taken, including expanding the manufacturing footprint, initiating automated BESS container production, and strengthening power infrastructure through the Associated Power Structures acquisition. The CEO confirmed that these activities reinforce Waaree’s position as a trusted global energy transition partner in Europe, the Middle East, New Zealand, and Australia.

Mr. Rathod concluded by stating that the robust and diversified order book provides strong revenue visibility, enabling the company to fund and execute its strategic expansion plans while maintaining disciplined capital allocation. He reaffirmed the FY27 Operating EBITDA guidance of ₹7,000–₹7,700 crore, supported by the integrated platform and growing contributions from diversified businesses.

WAAREEENER Stock Price Movement​

Waaree Energies Limited shares gained 1.20% today, closing at ₹2736.2 after settling higher in post-market trading. The equity saw robust activity, with 1.13 million shares changing hands during the session.