Whalesbook
Waaree Energies Limited has announced an investor conference call scheduled for April 30, 2026, at 3:00 PM Indian Standard Time. The primary purpose of the call is to discuss the company's audited financial results for the fourth quarter and the full fiscal year ended March 31, 2026.
The call comes after a period of strong performance and growth for the company. For the full fiscal year 2025, Waaree reported revenues of INR 14,846.06 crore, marking a 27.62% year-over-year increase. As of March 2025, the company held an order book exceeding 25 GW, valued at approximately INR 47,000 crore. Recent quarterly results further highlight this momentum, with Q3 FY26 revenue soaring 118.9% year-over-year to ₹7,761.23 crore and profit after tax growing 118.4% to ₹1,106.79 crore. Waaree has also issued an ambitious EBITDA guidance for FY26, projecting earnings between INR 5,500 crore and INR 6,000 crore.
Waaree Energies is recognized as India's largest solar module and cell manufacturer, operating across the entire green energy value chain. The company has established a significant global presence, supported by manufacturing facilities in India and the U.S.
This investor call serves as a key platform for shareholders and analysts to gain a definitive understanding of Waaree's financial standing and operational efficiency over the past fiscal year. Management's commentary is expected to provide crucial insights into future growth prospects, market trends, and strategic plans, which are vital for informing investment decisions.
However, the company has also faced some challenges. In November 2025, Waaree reported a violation of its insider trading code by a designated person, which resulted in a warning and disgorgement of profit to SEBI. Subsequently, in December 2025, the company was ordered to pay a penalty of approximately ₹85 lakh. Additionally, the recent imposition of preliminary U.S. anti-dumping duties on solar products originating from India could potentially impact future export revenues and profit margins, a factor investors will be keen to hear about.
Waaree Energies operates in a dynamic and competitive renewable energy landscape, facing rivals such as Tata Power Solar, Adani Solar, Vikram Solar, and Sterling and Wilson Renewable Energy. Investors will be looking for management's perspective on the company's response to the U.S. duties, its outlook on market conditions, key demand drivers, and its ongoing progress in expanding manufacturing capacity and diversifying its operations.