• Q1 financial performance: The company generated 924 crore in revenue for the quarter, reporting a consolidated EBITDA margin of 18.77% and a standalone margin of 19.66%.
• Strategic acquisition: Waaree acquired a 55% stake in Associate Power Structure Company, a profitable transmission and distribution business that recorded around 2,004 crore in revenue in FY26.
• Order book execution: The unexecuted order book stands at approximately 5,300 crore across EPC, BESS, and T&D segments, which is expected to be executed within 12 to 18 months.
• Target bidding pipeline: The company is actively pursuing an order pipeline consisting of roughly 27 GW domestically, 11 GW internationally, and over 20,000 crore in the T&D business.
• Revenue growth outlook: Revenue and operations are set to scale in upcoming quarters as the new subsidiary's financials—which only contributed 13 days of operations in Q1—are fully consolidated.