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Earnings Call Transcript

Waaree Renewable Technologies Earnings Call Transcript: Key Takeaways

Revenue grew 36.5% YoY, but execution slowed significantly this quarter due to developer-led land and connectivity delays.

Highlights
Revenue growth₹1,057.84 Cr, 36.5% YoY growth driven by EPC and T&D.
MarginsEBITDA margin 15.1%; T&D margins (9-10%) currently lower than solar.
Order book₹5,500 Cr unexecuted; ₹3,300 Cr solar/BESS, ₹2,200 Cr T&D.
Demand visibilityStrong; India's solar and battery storage needs are growing rapidly.
Management confidenceConfident, focusing on execution ramp-up following temporary developer-side land delays.

Growth

H1 revenue up 43.8% YoY; growth is transitioning from pure solar EPC to a broader energy platform.

Outlook

Unexecuted order book stands at ₹5,500 Cr; T&D pipeline exceeds ₹20,000 Cr.

Risks

Execution volatility due to external land delays and lower T&D margins compared to solar EPC.

Source

Earnings Call Transcript filed with BSE, NSE: WAAREERTL. Summary written with AI assistance from the document.

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Waaree Renewable Technologies Ltd: key numbers

Share price
₹672.60
Market cap
₹7,021 Cr
Revenue (annual)
₹3,331 Cr
Net profit (annual)
₹478.7 Cr
P/E (TTM)
15.1×Sector 21.0×
Promoter holding
74.30%-0.02% QoQ
FII holding
2.02%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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New Order Win

Waaree Renewable Technologies Bags New Order from A leading Independent Power Producer Company

Waaree Renewable Technologies received a 450 MWp solar EPC order from an unnamed IPP. Completion is scheduled for FY 2027-28.

From
A leading Independent Power Producer (IPP) Company
Execution
FY 2027-28
solar power project EPC capacity
450 MWp