WEWaaree Energies544277Solar manufacturing, renewable

Waaree Energies management discussed capacity expansion, retail business growth, order book composition and fundraise plans on an earnings call

By ScoutQuest · Wed 28 Oct 2026, 9:51 AM IST · 1 min read

Retail revenue this half

5,700 crore rupees

Retail revenue last year

5,500 crore rupees

Order book size

60,000 crore rupees

Total capex commitment

30,000 crore rupees

Capex done so far

12,000 crore rupees

Heard on business television between 09:57:08 - 10:00:08 IST.

• Company guided retail business margin profile at 18-20% annualized despite first-half margin of around 17-17.5%
• Retail business revenue grew over 100% in first half to 5,700 crore rupees versus 5,500 crore rupees for all of last year
• Order book stands at about 59,000-60,000 crore rupees, with 80-85% from module/cell/integrated business and 15-20% from EPC, T&D, transformers, inverters, electrolyzers and battery
• Company has committed 30,000 crore rupees of capex, with 40% already done and 60% expected over next 24-36 months
• Management said balance sheet cash of 7,700 crore rupees plus future cash profits can fund remaining capex without new capital raise, though a board-approved enabling resolution exists for fundraising within 12 months

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