• Order book execution: Waaree holds an unexecuted order book of 2.8 GW as of March 31, which it plans to execute across multiple states during the coming year alongside new project wins.
• EBITDA margin stability: Full-year EBITDA margins were sustained above 19.24%, supported by fixed-price client contracts and budgeted procurement that insulate the business from cost escalations.
• Prospective order pipeline: The company is actively pursuing a 36 GW order pipeline, which includes 23–24 GW of domestic orders and live tenders alongside prospective international EPC projects.
• Supply chain resilience: Management sees no immediate risk of supply chain bottlenecks or component shortages, as required equipment for domestic solar power projects is sourced locally.
• Storage and data centers: The company is executing small-scale battery energy storage system projects to assist grid stability and night peak evacuation, while also targeting upcoming opportunities in data center EPC.