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EBITDA stood at Rs 1,168.67 crore, registering the growth of 82.61% compared with Rs 639.99 crore in Q1 FY25. EBITDA margin stood at 25.42% in Q1 FY26 as against 18.30% in Q1 FY25.
Module production increased 64% to 2.3 GW in Q1 FY26 compared with 1.4 GW in Q1 FY25, driven by strong operational focus.
Amit Paithankar, whole time director & CEO, Waaree Energies, said: “Waaree Energies continues to deliver strong operational performance in Q1 FY26, building on the momentum of the previous fiscal. On the demand side we have a robust order book of approximately Rs 49,000 crore and a global pipeline of 100+ GW, reflecting positive market sentiments across key geographies.
This quarter, Waaree achieved its highest-ever production of modules at 2.3 GW, underscoring the success of our efforts to improve production efficiency. Our factory build-out projects in India and the U.S. remain on track. A strong and sharp focus on costs and profitability is reflected in our financials. We maintain our FY26 EBITDA guidance of Rs 5,500 to Rs 6,000 crore.'
Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems.
Adani Green Energy has allotted 1,15,76,193 equity shares of the company with a face value of Rs. 10/- each, at a premium of Rs. 1,470.75/- per share, pursuant to the exercise and conversion of 1,15,76,193 convertible warrants against receipt of the balance subscription amount of Rs. 1,110.56 /- per warrant (i.e. 75% of the issue price), to Ardour.
Consequently, the paid up equity share capital of the company has increased to 164,71,76,155 equity shares of Rs 10 each. The post allotment shareholding of the promoter / promoter group has increased from 62.17% to 62.43%.