Shares of Waaree Renewable Technologies, a prominent player in India's renewable energy sector, surged by 12% to reach a high of ₹1,185 on the Bombay Stock Exchange (BSE) following the company's impressive financial results for the March quarter. The firm reported a 66% increase in net profit, amounting to ₹155.72 crore, while revenue from operations skyrocketed by 131.31% to ₹1,102.40 crore year-on-year. The company's EBITDA also showed significant growth, rising by 63.71% to ₹206.82 crore. However, margins declined by 776 basis points year-on-year. For the full fiscal year, Waaree's revenue exceeded ₹3,331.42 crore, reflecting a 108.51% increase from the previous year, while profit after tax climbed 109% to ₹478.65 crore. The company's unexecuted order book currently stands at 2.83 GWp, expected to be executed over the next 12 to 15 months, and its bidding pipeline has expanded to over 36 GWp. This robust performance underscores the momentum in India's renewable energy sector, with total installed renewable capacity surpassing 274 GW as of March 2026, driven primarily by solar energy.