What was filed
Waaree Energies released a press release on its unaudited standalone and consolidated results for the quarter ended June 30, 2026. Revenue rose sharply year-on-year, and the company said module production reached 3.24 GW in the quarter, a growth of 41.51% YoY. Both operating EBITDA and PAT increased over the year-ago quarter, though the filing shows margins on both metrics contracting versus Q1 FY26.
Order book and the 'Waaree 2.0' shift
The company said it added new orders during the quarter, taking its total order book to a record. Management framed the results around what it calls 'Waaree 2.0' — a stated transformation from a solar module manufacturer into a diversified energy transition enterprise, with newer businesses described as beginning to contribute meaningfully to revenue alongside the core solar business.
Capacity and expansion steps disclosed
Per the filing, the 10 GW cell facility at Unn, Gujarat is progressing as planned and is expected to start production in the current financial year. The company also disclosed a strategic acquisition of a 55% equity stake in Associated Power Structures Private Limited to enhance its power infrastructure capabilities, and said it commenced 5.15 GWh of automated BESS container manufacturing at Rola, Gujarat. It reaffirmed its FY27 operating EBITDA guidance.