Waaree Renewable Q4 Results 2026: Date, Q3, Stock

What is scheduled this week

Waaree Renewable Technologies Ltd. is set to announce its financial results for the quarter and year ended March 31, with the company flagging the update to stock exchanges in advance. The results will be considered and approved by its Board of Directors later this week. The disclosure matters because the company has seen sharp moves in profitability across recent quarters even as revenue growth remained strong. Investors are also watching the stock after a short-term rally in recent sessions, despite a weaker six-month trend. The update is expected to include audited standalone and consolidated numbers for Q4 and the full year.

Board meeting date for Q4 and FY results

The company informed exchanges that its Board of Directors will meet on Thursday, April 16. The agenda is to consider and approve the audited standalone and consolidated financial results for Q4 and the financial year ended March 31. This is the formal step before audited numbers are released to the market. Such board meetings are typically accompanied by regulatory filings that provide the profit and loss statement, key balance sheet items, and segment commentary where relevant. For investors, the date sets a clear timeline for when audited performance data will become public.

Trading window closure under SEBI rules

The company’s trading window for insiders has been closed since April 1. The closure is in line with SEBI regulations around unpublished price sensitive information ahead of significant financial disclosures. This restriction is standard market practice around earnings announcements. The point is relevant for market participants tracking unusual volumes or price action, as insider trading restrictions are explicitly in place during this period. The trading window status also reinforces that the April 16 meeting is the primary event on the calendar.

Q3 FY25 recap: profit fell despite revenue growth

For the third quarter of FY25, Waaree Renewable Technologies reported a year-on-year decline in profitability. Net profit fell 16.7% to ₹53.5 crore for the quarter ended December 31, 2024. Over the same period, revenue rose 11% to ₹360 crore from ₹324 crore a year earlier. EBITDA declined 18% to ₹72 crore from ₹88 crore, indicating pressure on operating profitability. EBITDA margin contracted to 20% from 27%, a decline of 700 basis points. The Q3 print showed that execution can lift revenue while margins remain sensitive to costs and project mix.

What the market will likely focus on in Q4 numbers

With audited results due, the focus will be on whether margins recover from the Q3 compression and how much of the revenue converts into EBITDA and net profit. Another key watchpoint is whether the company’s growth is being driven by higher execution volumes or by changes in project mix. The market will also read the consolidated numbers closely, since the board is set to approve both standalone and consolidated results. Investors typically compare Q4 performance against Q3 trends to judge whether margin pressure was temporary or sustained. Any updates related to orders, pipelines, or capacity additions can also influence how the quarter is interpreted.

Q4 FY25 and FY25: strong growth reported earlier

Separate disclosures and reports in the provided material indicate that Waaree Renewable Technologies posted a strong March-quarter performance for FY25. Consolidated net profit for Q4FY25 was reported at ₹93.76 crore, up 83% year-on-year from ₹51.31 crore. Revenue from operations in Q4FY25 was reported at about ₹476 crore to ₹476.57 crore, versus ₹273 crore to ₹273.31 crore in the year-ago quarter. EBITDA for Q4FY25 was reported at ₹126 crore versus ₹75 crore a year earlier, a 68% rise.

For the full year FY25, total revenue was reported at ₹1,597.75 crore, up 82.29% from ₹876.50 crore in FY24. Another set of figures in the material cites FY25 EBITDA at ₹310.9 crore and FY25 profit after tax at ₹228.92 crore. FY25 EBITDA margin was cited at 19.46%, while Q4 EBITDA margin was cited at 26.51%.

Order book, bidding pipeline, and project additions

The company has also reported a sizeable project pipeline in the material provided. It cited a 3.48 GWp unexecuted order book for the next 12 to 15 months, alongside a bidding pipeline of over 27 GWp. During a quarter referenced in the material, it secured 1,218 MWp and 29.4 MWp ground-mounted solar orders. The board also approved capex for two 14 MWp IPP plants in Maharashtra and a 37.5 MWp plant in Bikaner, Rajasthan.

A separate earnings-call excerpt in the material stated that the order book stood at about 3.22 GW, to be completed over the next 12 months. Another section referenced high revenue visibility from an unexecuted order book of about 3.26 GWp. While these figures are not identical, they point to management commentary around a multi-gigawatt execution pipeline.

Share price action: short-term rally, mixed longer trend

The stock has shown momentum in the near term, based on the figures in the material. Shares have risen 10.42% over the last five trading sessions on the NSE. Over one month, the stock gained 19.96%, while it declined 22.62% over six months. Year-to-date, it was up 0.60%, and over one year it rose 3.74%.

On the NSE, the stock touched a 52-week high of ₹1,358.00 on October 27, 2025, and a 52-week low of ₹779.50 on March 30. It ended a referenced Monday session 5.99% higher at ₹973.80.

A separate report in the material also described a sharp post-results move in April 2025, when the stock rose as much as 14.27% intraday to ₹1,170 after Q4FY25 profit growth was reported.

Key numbers table (normalized to ₹ crore)

All monetary figures below are in ₹ crore as stated in the material, with conversions where needed.

Wider group context: Waaree Energies Q4 FY25 (converted)

The material also included financial data for Waaree Energies, a solar module manufacturer. For Q4 FY25, Waaree Energies’ total income rose 37.69% YoY to ₹41.41 billion, which is ₹4,141 crore, from ₹30.07 billion, which is ₹3,007 crore. EBITDA rose 116.27% YoY to ₹10.6 billion, or ₹1,060 crore, from ₹4.9 billion, or ₹490 crore. Quarterly net profit grew 35.63% YoY to ₹6.44 billion, or ₹644 crore, from ₹4.75 billion, or ₹475 crore. For FY25, total income was ₹148.46 billion, or ₹14,846 crore, EBITDA was ₹31.23 billion, or ₹3,123 crore, and net profit was ₹19.28 billion, or ₹1,928 crore.

Market impact and why this earnings date matters

For Waaree Renewable Technologies, the April 16 board meeting concentrates investor attention on audited financials after a quarter (Q3 FY25) where margins tightened. The recent share price rally suggests expectations may be building into the results window, even though the stock’s six-month performance was negative in the data provided. Operationally, the cited multi-gigawatt order book and bidding pipeline numbers reinforce that execution pace and working capital discipline are likely to remain central topics around the print. Any commentary that reconciles revenue growth with margin trajectory will be important, given the Q3 margin contraction noted in the material.

Conclusion

Waaree Renewable Technologies is scheduled to consider and approve its audited standalone and consolidated Q4 and full-year results at a board meeting on April 16, with the trading window already shut from April 1. Recent disclosures in the material show Q3 FY25 profit pressure despite revenue growth, alongside earlier reports of strong Q4FY25 and FY25 growth. The next confirmed step is the board’s April 16 meeting and subsequent exchange filing of audited numbers.