Overview
- Revenue rose to Rs 7,565 crore in Q3 FY26 with consolidated net profit at Rs 1,106.8 crore and operating EBITDA at about Rs 1,928 crore for a 25.5% margin.
- Quarterly production reached 3.51 GW of modules and 0.75 GW of cells, supported by new facilities including 2.1 GW at Chikhli and 3 GW at Samakhiali plus inverter capacity at Sarodhi in Gujarat.
- Management cited record order inflows and an order book near Rs 60,000 crore, noting wins across modules, transformers and BESS that bolster multi‑year visibility.
- The company said it expects to exceed its FY26 EBITDA guidance of Rs 5,500–6,000 crore, and its stock hit the 10% upper circuit as renewable peers also advanced.
- Waaree booked an exceptional provision of about Rs 300 crore related to a US CBP investigation, which management characterized as a one‑time item separate from core operations.