Waaree Renewable Technologies Secures 800 MWac Solar EPC Orders, Strengthening Renewable Energy Pipeline

Waaree Renewable Technologies Ltd (WRTL) has secured two Letters of Award (LoAs) for the engineering, procurement and construction (EPC) of two ground-mounted solar photovoltaic (PV) projects with a combined capacity of 800 MWac / 1,082 MWp, marking another significant addition to its renewable energy portfolio. The projects include one 400 MWac / 530 MWp solar plant and another 400 MWac / 552 MWp plant, both awarded by one of India's leading renewable energy companies. The projects are domestic in nature and are scheduled for completion during FY2027-28, reinforcing the company's execution pipeline in the fast-growing solar sector. On the financial front, WRTL reported a 34% year-on-year increase in net profit for the June quarter, supported by strong operational performance. Revenue from operations grew 53% year-on-year to ₹924 crore, while EBITDA increased 48% to ₹173 crore. The EBITDA margin stood at 18.8%, compared with 19.5% in the corresponding quarter last year, reflecting healthy profitability despite a marginal decline in margin. In the stock market, the shares closed 0.63% lower in the latest trading session and are down 3.15% year-to-date. Overall, the latest order wins further strengthen Waaree Renewable Technologies' order book and highlight the continued momentum in India's expanding renewable energy infrastructure. $WAAREERTL Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.