Waaree Renewable Tech shares jump over 8% after firm posts 66% rise in Q4 net profits

Waaree Renewable Technologies shares jumped more than 8% to ₹1,149 during the early trading session on Friday, April 17, after the company announced healthy profit growth in its January to March quarter (Q4) results for the financial year ended 2025-26 on Thursday.

NSE data showed that Waaree Renewable recorded a 66% rise in its fourth quarter net profit to ₹155.70 crore, compared to ₹93.76 crore in the same quarter of the previous financial year, according to the consolidated statements.

The company’s surge in net profits was largely driven by the skyrocketing revenue from operations which jumped over 131% to ₹1,102 crore in the fourth quarter, compared to ₹476.57 crore in the same period a year ago.

The consolidated filings also showed that the company’s primary business, the EPC contracts segment witnessed the surge in income in the fourth quarter. However, the income from power sales declined 25% on a year-on-year basis.

Waaree Renewable’s earnings per share (EPS) rose to 14.96 apiece in the fourth quarter of FY2025-26, compared to 9 apiece in the same period a year earlier.

What’s behind the revenue surge?

Waaree Renewable Tech’s strong unexecuted order book of 2.83 gigawatt peak (GWp) along with the momentum from the healthy bidding pipeline reaching over 36 GWp were among the factors fuelling the company’s revenue growth.

According to the NSE filing, the company expects to execute the orders over the next 12 to 15 month period.

Waaree Renewable Tech recently secured three ground mounted solar power project orders of 420 megawatt peak (MWp), 35 MWp, and 14 MWp in the fourth quarter of the year ended 2025-26, as per the official release.

“During FY26, solar additions rose sharply to over 44 GW, compared to ~24 GW in the previous year marking a significant jump over last year. In FY26, solar accounted for approximately 82% of total renewable capacity additions and firmly establishing solar as the primary driver of India’s clean energy transition,” said Manmohan Sharma, CFO of Waaree Renewable Technologies.

“Supported by a robust unexecuted EPC order book of 2.83 GWp, WRTL continues to have strong visibility of project execution,” he said.

Waaree Renewable Tech share price

Waaree Renewable Tech shares closed 2% lower at ₹1,060.30 after Thursday’s stock market session, compared to ₹1,039.45 at the previous trading close, according to NSE data. The company released its Q4 earnings after the market operating hours on April 16.

Although shares of Waaree Renewable Tech have declined 2.9% in one year, the stock has gained 9.9% so far in 2026. NSE data also showed that the company’s stock was up 28% in the past one month, and trading 15.8% higher over the last five market sessions.

Shares of the company hit its 52-week high of ₹1,358 on October 27, 2025, while the 52-week low was at ₹779.50 on March 30, 2026, according to the exchange data. Waaree Renewable Tech’s market capitalisation (M-Cap) was at ₹11,102.39 crore as of the stock market close on Thursday.