WAAREE Renewables Results Analysis-Q4FY26

Operating Revenue for Q4FY26 is Rs. 1,102 Crs., 131.31% growth YoY, Total Income is Rs. 1,108 Crs., 130.23% growth YoY, EBITDA is Rs. 207 Crs., 63.69% growth YoY, However, EBITDA Margin is 18.76% declined by 775 Basis points YoY, PBT Rs. 208 Crs., 71.73% growth YoY, PAT Rs. 156 Crs. 66% growth YoY. On QoQ basis Op. Revenue is up by 29.5%, Total Income is up by 29.5%, EBITDA is up by 30.24%, PBT is up by 31.38% and PAT is also up by 29.55%. IPP Assets : • The company has developed 54.82 MWp solar power generating assets • Additionally, setting up 227.10 MWp Independent Power Producer (IPP) Plant O&M Portfolio : • The company has ~1,180 MWp of O&M Portfolio Robust growth and financial performance backed by an asset light business model, fast growing solar market with massive tailwinds.