Waaree Energies Reports 31% Revenue Growth in Q1 FY26
Solar module manufacturer Waaree Energies has begun FY26 with impressive financial results, posting a 31% year-over-year revenue increase in the first quarter. Total income surged to ₹45.97 billion (~$529.19 million), up from ₹34.96 billion during the same period last year.
Key Drivers of Financial Performance
Three primary factors fueled this remarkable growth:
- Domestic demand surge under India’s rooftop solar revolution
- Expanded global exports to U.S. and European markets
- Strong policy support for renewable energy initiatives
Domestic Expansion Strategy
India’s renewable sector continues rapid development across commercial and residential segments, with favorable state policies benefiting manufacturers. Waaree’s modules are increasingly powering rooftops nationwide.
Global Market Growth
The company has successfully expanded exports to strategic markets including:
- United States
- European Union
- African nations
This aligns with current global solar trade dynamics favoring quality manufacturers.
Future Outlook
With planned capacity expansions including bifacial module production, Waaree demonstrates strong positioning in India’s growing solar sector. Industry analysts forecast continued expansion as renewable adoption accelerates globally.
