Waaree Renewable guides EBITDA margins above 15%.

(WAAREERTL) expects to maintain consolidated EBITDA margins above 15 percent. Its unexecuted order book stands at over ₹5,500 crore, including ₹3,300 crore from solar EPC and BESS. Consolidated EBITDA margins are guided to stay above 15 percent. T&D segment margins, now at 9-10 percent, are expected to improve in coming quarters. The order book of over ₹5,500 crore should convert to revenue over the next three to four quarters. The update supports revenue visibility. Key numbers are the above 15 percent EBITDA margin guidance and the ₹5,500 crore unexecuted order book. These may support near-term interest in the stock. Peers such as Adani Green Energy, KPI Green Energy and Suzlon could face relative comparison on order books and margins. Risks include slower order conversion or margin pressure. Competitors listed: Adani Green Energy, KPI Green Energy, Suzlon. We have no financial interest in this news.