Waaree Renewable Q4: Strong Growth, Margins Under Pressure

Key Highlights • Net Profit: ₹155.7 Cr (↑66.06% YoY) • Revenue: ₹1,102.4 Cr (vs ₹476.6 Cr YoY) • EBITDA: ₹206.8 Cr (↑63.7% YoY) • EBITDA Margin: 18.8% (vs 26.5% YoY) What Stands Out • Strong revenue and profit growth, indicating robust project execution • Significant topline expansion more than doubling YoY • Margin decline suggests rising costs or change in project mix Why It Matters High growth reflects strong demand in the renewable EPC space, but margin compression needs monitoring for profitability sustainability. Learning Outcome In high-growth sectors like renewables, rapid revenue growth may come with margin pressure. Investors should track both execution scale and margin trends.