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.