WAAREERTLNSE17 July 2025

Waaree Renewable Technologies Limited has informed the Exchange about Investor Presentation

Waaree Renewable Technologies Limited

Execution with Pace & Comfort

July 17, 2025

To The Manager BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001 Scrip Code: 534618

To The Manager National Stock Exchange of India Limited Exchange Plaza, C-1 Block G, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 051 Scrip Symbol: WAAREERTL

Sub.: Investors / Earnings Presentation under Regulation 30 of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015.

Dear Sir / Madam,

With reference to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investors/ Earnings Presentation for the Quarter ended June 30, 2025. The Company will use this presentation for any meeting scheduled with analysts or institutional investors. The above information will also be available on the website of the Company at www.waareertl.com

Request to kindly take this intimation on record.

Thanking you,

Yours faithfully,

For Waaree Renewable Technologies Limited

Heema Shah Company Secretary ACS 52919 Email Id: info@waareertl.com

Waaree Renewable Technologies Limited (A subsidiary of Waaree Energies Limited) 504, Western Edge-1, Off. Western Express Highway, Tel.: +91 22 6644 4444 CIN : L93000MH1999PLC120470 Borivali (E), Mumbai 400 066. Maharashtra INDIA E : info@waareertl.com GST: 27AADCS 1824J2ZB W : www.waareertl.com

INVESTOR PRESENTATION |Q1FY26 Accelerating Global Energy Transition

Safe Harbor

WAARFFIRTL

Execution with Pace & Comfort

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Renewable Technologies Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the Company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

All Maps used in the Presentation are not to scale. All data, information and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

2

Group Overview

Waaree Group – Vertically Integrated Operations

Execution with Pace & Comfort

#1 Indian Module Manufacturer

Products Exported In 26 Countries

Battery Energy Storage System

Green Hydrogen- Electrolyser manufacturing

CARE A+, Stable Credit Rating*

~10,000 Employees Globally

35 Years of Industry Experience

~15 GW Module Capacity & 5.4 GW Cell Capacity

TIER 1 Solar Module Manufacturer#

~25 GW | ~47k cr. (Order Book)*

400+ Franchises across India

* For Waaree Energies Ltd. as of Q4FY25; # For 39 quarters

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

4

Integrated Energy Offerings

WAARFFIRTL

Execution with Pace & Comfort

Solar Modules

EPC Services

O&M Services

Rooftop Solutions

Floating Solar

On Grid Inverters

Off Grid Inverters

BESS

Lithium Ion Batteries

Solar Products Water Pump, Street Lights

Green Hydrogen- Electrolyser manufacturing

Solar Partners

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

5

Marquee Clientele & Stakeholder Relationships

WAARFFIRTL

Execution with Pace & Comfort

Strong relationship with a multitude of global lenders - both state-owned and private

Lenders rely on Waaree’s credibility as an EPC player to finance projects

Strong relationship with renowned consultants and engineers engaged by developers

• Their certification provides additional

assurance to customers

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Strong relationship with diversified group of local and global suppliers of modules and other raw materials; critical to supply chain success

• Helps Company get significant cost benefits

in sourcing materials

WAAREE/RTL

Execution with Pace & Comfort

0

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Strong relationship makes Company a leading player

Customers / Developers

ArcelorMittal

MSL

Influence Impact.

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Solid reputation across Other stakeholders

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Strengthening the Relationship

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• Strong relationship with top strategic developers and customers • Manages the complete supply chain, reducing the number of service providers

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

6

Industry Overview

Global Energy Transition

WAARFFIRTL

Execution with Pace & Comfort

Projected annual Solar PV capacity additions1, GW

…driven by

RE – Projected Installed Capacity India2, GW

402.3

421.7

459.2

493.9

539.6

0

Net Zero Carbon emission commitment globally

For setting up of 450 GW RE + 19 GW PSP and 42 GW BESS to necessitate incremental debt of ~Rs 14 lakh crore

0

Solar PV Declining levelized cost of energy

400

450

500

246

191

254

279

262

262

276

CY24P

CY25P

CY26P

CY27P

CY28P

Green Hydrogen / Green Ammonia To fuel solar capacity

FY23 (A)

FY 27

FY 30 (I)

FY30(II)

CEA (E)

Fossil

RE+Hydro

Solar capacity additions in India ~175-180 GW over Fiscals 2025-20301

Break-up of the total installed capacity - FY25 vs FY30E1

42 - 44

46 - 48

38 - 40

26 - 28

30 - 32

23

15

FY24

FY25

FY26P

FY27P

FY28P

FY29P

FY30P

FY25

47%

10%

10%

22%

4% 2%

5%

Solar

Wind

Large Hydro

Coal

Oil & Gas

Nuclear

Other RE

FY30E

3%

3%

2%

35%

38%

8%

11%

Solar

Wind

Large Hydro

Coal

Oil & Gas

Nuclear

Other RE

Source: 1:Crisil Report, 2:Energy Storage Care EDGE Report

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8

Indian Energy Transition

WAARFFIRTL

Execution with Pace & Comfort

Government targets to achieve solar power capacity of ~280GW from 106GW in FY25 (21% CAGR over FY25–30E)1

Installed Capacity in (GW)

7

FY16

22

FY18

36%

35

FY20

54

FY22

82

FY24

21%

106

FY25

Estimated ground-mounted, rooftop and off-grid/KUSUM solar projects to drive solar capacity additions1 (GW)

Ground mounted solar

Off-grid solar/KUSUM

Residential rooftop solar

Grid connected solar rooftop

Hybrid projects solar component

64

12

3 FY24

3

76

16

6

FY25E

3 3

89

21

6 5

10

FY26E

103

27 6

15

9

FY27E

117

34

7

21

12

FY28E

131

41

28 15

9

FY29E

280

2030E

146

48

35 18

11

FY30E

Source: 1:MNRE, Nuvama Research

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9

Supportive Government Policies Fueling Growth

WAARFFIRTL

Execution with Pace & Comfort

India-EPC services demand across solar energy

Market potential of Indian O&M in solar1

State wise Solar Parks as on Dec 2024 (MW)2

1705

23%

Estimated O&M market for 3rd party (GW)

Estimated market (in Rs. Bn)

73.0

+23%

12150

10276

Sanctioned Capacity

Projects Commissioned

605

708

Rs Bn

FY23

FY24F

FY28F

16.8

5.8

2022-23

25.5

2029-30

4330

4200

3241

2263

3840

3050

1000

2500

2000

430

1105

1089

468

225

Gujarat

Rajasthan

Madhya Pradesh

Andhra Pradesh Uttar Pradesh

Karnataka

Maharashtra

Jharkhand

Others

� ffl

Solar Parks

PLI Scheme

Rooftop Solar2

• ... 000

Energy Storage3

Key initiatives by GOI for development of solar energy/capacity

Solar Park policy released in Sep 2014

• GOI has approved 55 solar parks

with aggregate capacity of ~40GW

• Aggregate capacity of 12GW

have been commissioned in 24 Solar Parks

• Govt backed initiative to

promote domestic mfg of Solar PV modules

• Rs 24,000 Cr outlay under the PLI scheme in two tranches

• PM Surya Ghar Muft Bijli Yojana Proposed outlay of 75k Cr for 1 Crore households in India • Providing 300 units of free electricity every month • Muft Bijli Yojana crossed milestone of 10 Lakh Installations

Storage Needs: • FY24: ~12GW of energy storage required (assuming 4 hours of storage per GW) • FY30: Projected increase to ~70GW of

storage capacity

Government Initiative – VGF Scheme: • Objective: Develop 4GWh of BESS by

FY31

• Cost Reduction Goal: Lower levelized

cost of storage (LCoS) from ~Rs 11/kWh to Rs 5.50-6.60/kWh

o+ 00

Others4

• Minimum domestic content

requirement

• BCD on solar modules reduced

from 40% to 20%5

• Approved list of models &

manufacturers to ensure quality & performance of modules in India

Source: Crisil Report; 1: saurenergy.com; 2: MNRE Annual Report; 3:Energy Storage Care EDGE Report; 4: pib.gov.in; 5: indianbudget.gov.in

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

10

Company Overview

Journey to Leadership in Solar EPC

Waaree RTL Expands Market Presence in India

Revenue (Rs. Cr)

1598

115%

876

162

2022

351

2023

2024

2025

WAARFFIRTL

Execution with Pace & Comfort

2025

• Credit Rating upgraded: A,

Stable (CARE)

• Ground Mounted Solar Project – 435 MWp • Ground Mounted Solar Project – 255 MWp

• 40 MWh Battery Storage

System

2024

• GW Scale Project

▪ Jindal Renewables – 2012.47 MWp ▪ Greenko – 980 MWp

• Turnkey Solutions NEEPCO – 450 MWp • MNC Customer Acciona Energy – 412 MWp

of EPC experience

2023

• AM Green – 296 MWp • DRPL Tuticorin – 153 MWp • Continuum Project – 150 MWp

2022

• Cello Industries Rooftop Project

2021

• EPC Division carved out in Waaree RTL

• Continuum Project – 140 MWp • Masaya Project – 210 MWp

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

12

Complete Solutions with Proven Experience

WAARFFIRTL

Execution with Pace & Comfort

Engineering

01

Procurement

02

Construction

03

Project Systems

Electrical

Structural & Civil

Monitoring

Evacuation

PV Modules

Inverters

Structures

Cables

Transformers

Other BOS

Land Development

Structure

Control Room

Road, Drainage & Connectivity

Evacuation of Power

Business Development

Infrastructure Planning & Development

Project Execution

Testing and Commissioning

Project Maintenance

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

13

Comprehensive RE EPC and O&M Expertise…..

WAARFFIRTL

Execution with Pace & Comfort

Key financial metrics

INR 1,597.75 Cr

FY25 Revenue from Operations

19.46%

FY25 EBITDA margin

114.67%

FY22-25 Revenue CAGR

14.33%

FY25 PAT Margin

INR 454.95 Cr

INR 78.76 Cr

FY25 Net Worth

FY25 Cash & Cash Equivalents

65.29%

FY25 ROE

61.94%

FY25 ROCE

Technologically advanced end to end solar solutions

Utility Scale Solar Projects (incl Turnkey & BOS)

Rooftop Solar Projects

Floating Solar Projects

Design and Engineering • Dedicated in-house design & engineering team of 32 people •

India based cost effective structure

Procurement • • Well-defined quality management procedures

Selection of vendors after thorough due diligence

Inspection & Audit • 3-stage audit process including initial factory audit, production process audit and

monitoring at vendor’s facility and pre-shipment inspection

Construction •

Final inspection and testing under the supervision of project manager to ensure new plant is safe and meets design objectives

Field quality monitoring • Centralized monitoring with efficient tracking of under-construction plants

O&M service •

Long term O&M services for both own customers, and third-party projects

EHS & Quality Procedure • Ensures EHS compliance, providing safety training, support health & wellness,

Solar + Energy Storage

RESCO & CAPEX Models

control environment impacts, etc.

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

14

…with end-to-end capabilities

WAARFFIRTL

Execution with Pace & Comfort

In House Dedicated Capabilities

Installation & Commissioning

Adherence to EHS and Quality

Power Evacuation

Single Location Aggregated & Developed Land on Free-Hold Basis

Pre-Feasibility Studies

End to End Capabilities

Expertise in Statuary & Liasoning

Land and Site Identification

Expert In House Design & Procurement Team

Design Services

Ready & Robust Evacuation Infrastructure (Transmission Line & GSS Bay) On Shared Basis

Plug-n-Play Solution with proven Expertise of Waaree’s EPC, Approvals & Asset Management Team

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

15

Major EPC Accomplishments

WAARFFIRTL

Execution with Pace & Comfort

3.03 GW Project Commissioned

3,155 MWp Project site under execution

59.26 MW

Roof Top Projects Commissioned

~769 MW O&M Portfolio of solar power plant assets

2.29 MW Floating Solar Projects

R&D Team In House R&D team for New Technology Development

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

16

Large Order Book with Strong Execution

WAARFFIRTL

Execution with Pace & Comfort

Unexecuted orderbook has been scaled up over years (MWp)…

…. With stable rate of execution

2365

3263

3155

Executed Order Book (MWp)

Revenue from Operations (Rs. Cr)

1524

1598

876

704

295

351

699

603

2024

2025

Q1FY26

2023

2024

2025

Q1FY26

817

2023

Engineering, Procurement and Construction (EPC) works of a project

435 MWp Ground Mounted solar power project (Order won in Q1FY26)

131.6 MWp Ground Mounted solar power project (Order won in Q1FY26)

255 MWp Ground Mounted solar power project (Order won in Q4FY25)

105 MWp Turnkey EPC Project (Order won in Q4FY25)

40 MWh Battery Storage System project (Order won in Q4 FY25)

2012.47 MWp Ground Mounted Solar PV project (Order won in Q3FY25)

30.0 MWp Ground Mounted solar power project (Order won in Q2FY25)

3.4 MWp Ground Mounted solar power project (Order won in Q2FY25)

Key Orders Wins

IPP Assets

The company has developed 54.82 MWp solar power generating assets

Additionally, setting up 41.6 MWp Independent Power Producer (IPP) Plant

O&M Portfolio •

The company has ~769 MWp of O&M Portfolio

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

17

Key Ongoing Projects

WAARFFIRTL

Execution with Pace & Comfort

2012 MWp Ground Mounted project at Bikaner, Rajasthan

980 MWp Ground Mounted project at Kurnool, Andhra Pradesh

450 MWp Ground Mounted project at Bikaner, Rajasthan

412.5 MWp Ground Mounted project at Bikaner, Rajasthan

150 MWp Ground Mounted project at Ratlam, Madhya Pradesh

100 MWp Ground Mounted project at Jamnagar, Gujarat

I

! s

-

-

�- - . �� __ .

• -�--;

-

-,

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-

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. 78 MWp Ground Mounted project at Kasdol, Chhattisgarh

I '

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...

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-,

52.6 MWp Ground Mounted project at Simhapuri, Andhra Pradesh

4.25 MWp Rooftop project at Chittorgarh, Rajasthan

3.4 MWp Ground Mounted project (PM Kusum Yojna) at Chadchan, Karnataka

435 MWp Ground Mounted project at Bikaner, Rajasthan

180 MWp Ground Mounted project at Tuticorin, Tamil Nadu

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

18

Future Strategy

Key Strengths

WAARFFIRTL

Execution with Pace & Comfort

Fast growing solar market with massive tailwinds

Supported by a strong parent company, enabling seamless integration with its module manufacturing business

Comprehensive Solar EPC solutions provider with end-to-end capabilities

Well entrenched in the Indian market with large projects commissioned

Expertise in handling projects of all sizes and complexities across the solar energy spectrum

• • I

Ecosystem play within the group

Large order book backed by a proven track record of execution

Experienced management team

Bankable EPC provider with marquee customers

Robust growth and financial performance backed by an asset- light business model

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

20

Unique Propositions

WAARFFIRTL

Execution with Pace & Comfort

CUSTOMER CONNECT

Strong customer base of respected industrial house/companies

MARKET ACCEPTANCE

NETWORK

Proven name & quality at competitive rate in national and international markets

Strong & proven network with all stakeholders/authorities with more than a decade of experience

ON GROUND TRACK RECORD

Large installations with long & proven on-ground performance

QUALITY CERTIFICATION

IN HOUSE TEAM

INNOVATION

ISO 9001:2015 certificate received for Quality Management System (QMS)

Experienced & strong team with proven performance in solar (316 Manpower)

Consistent introduction of new technologies & innovative products & solutions

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

21

Growth Strategy - Energy Transition

Renewable

Energy Transition

�-

··· aa

Storage

�· ffi

Solar Parks

Solar

Green Hydrogen

Hybrid

Battery

Pump

Floating

·:� @W

Rooftop

Ground Mounted

Execution with Pace & Comfort

O&M

Services

Achieve higher growth in the EPC segment

Expand in O&M markets

• Evaluating opportunities in both international and domestic markets to secure

• The size of the O&M market is expected to grow as more solar capacities are added

more EPC contracts

• Evaluating third-party O&M opportunities in international & domestic markets

• Participating in government and private bidding process

through both organic and inorganic methods

• Ecosystem of renewable energy from module to storage helps win clients

• Enhance value to customers by offering differentiating O&M services, such as drone thermography, strong analytics and predictions, underground cable fault finder etc.

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

22

Experienced Board Management

Mr. Nilesh Bhogilal Gandhi Chairman & Non-Executive Independent Director

An accomplished professional with over three decades of experience in finance, power, and renewables, he holds a Bachelor’s in Commerce, an LLB, and is a Fellow Chartered Accountant (FCA). He has held key leadership roles at Unid Finance Consultancy, Rational Engineers, and Indosolar, providing strategic guidance and direction.

Mr. Pujan Pankaj Doshi Managing Director

He combines engineering expertise with visionary leadership. Holding a BE in Instrumentation from Mumbai University, he brings over a decade of experience in corporate strategy, business planning, and fostering international collaborations. His strategic acumen drives the company’s innovative initiatives.

WAARFFIRTL

Execution with Pace & Comfort

Mr. Hitesh Pranjivan Mehta Executive Director

With over three decades of experience in engineering, solar, and oil industries, he combines strategic insight and financial expertise. Holding a Bachelor’s in Commerce from the University of Bombay and being a member of the ICAI, he leads Waaree Group strategies, financial management, and corporate governance, ensuring strong financial stewardship.

Mr. Viren Chimanlal Doshi Executive Director

Mr. Sunil Rathi Executive Director

Mr. Sunil Jain Non-Executive Independent Director

He has been with the company since 2007, and currently oversees the engineering, procurement, and construction of solar projects across the company and its subsidiaries. With over two decades of experience in the engineering industry, he brings extensive knowledge and expertise.

He holds a BE in Electronics and an MBA in Marketing from ITM, Mumbai, with over three decades of experience in sales and marketing. He has worked with leading companies including Vikram Solar, Waaree Energies, Powernetics Equipment, Control Paint, and Aplab Ltd.

With over three decades of experience, he led Hero Future Energies to a 2 GW portfolio and helped establish Green Infra Limited. An award- winning leader in renewables, he chairs several councils and holds an engineering degree from BIT Mesra and an MBA from FMS, Delhi University.

Mr. Sudhir Arya Non-Executive Independent Director

Ms. Ambika Sharma Non-Executive Independent Director

A fellow of ICMAI and ICFAI with a finance degree from MDI, Gurugram, he has over four decades of experience, including roles as CFO of NTPC Ltd and Director (Finance) at UPPCL. He specializes in project finance and financial reporting and serves as an independent director at IIFL Asset Management and Ajay Poly Ltd.

She is a global business strategist with over three decades of experience in public affairs and international relations. A summa cum laude graduate in Economics from Delhi University, she also holds a Master’s in Business Economics and has attended management programs at the EU and XLRI, Jamshedpur.

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

23

Strong Leadership Team

WAARFFIRTL

Execution with Pace & Comfort

Mr. Manmohan Sharma Chief Financial Officer

Mr. Ravikesh Singh Chief Operating Officer-EPC

He is a Chartered Accountant with over 29 years of experience in Project Finance, Accounts, Working Capital Management, Banking, Cash Flow Management, Budgeting, MIS, Ind AS Financials, Audits, Taxation, and Financial Modelling. His expertise lies in robust financial planning, control, system improvement, and in establishing a good governance framework and has previously been associated with GMR Energy Limited , Suzlon Energy Limited , Ispat Industries Limited, etc.

He holds a B. Tech in Electrical Engg & Post Graduate Diploma in Business Management. He has over 20 years of experience in power projects and has previously been associated with companies such as CleanMax Enviro Energy Solutions Pvt Limited, Cable Corporation of India Limited, RattanIndia (Indiabulls) Power Limited, Adani Power Ltd, ABB Ltd, Reliance Energy Ltd.

Mr. Mayur Mehta Vice-President Supply Chain Management

Ms. Heema Shah Company Secretary & Compliance Officer

He holds a Diploma in Export-Import Management. He has 25+ years of experience in Supply Chain Management and has previously been associated with companies such as Blue Star Ltd, DHL, Astarc Group, ALF Engineering, and Aegis Logistics.

She holds a Bachelor's degree in Commerce and LLB from Mumbai University and is a Company Secretary from ICSI. She has over 11 years of experience in corporate compliance and governance. She was previously associated with the Pittie group and Reliance Organic

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

24

Financial Highlights

Robust Financial Performance

(Consolidated)

WAARFFIRTL

Execution with Pace & Comfort

(₹ in Cr)

Revenue

EBITDA & EBITDA Margin

PAT & PAT Margin

155.20%

603.19

236.35

17.38%

19.49%

+186.14%

117.54

11.91%

14.32%

+206.77%

86.39

41.08

28.16

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Revenue

EBITDA & EBITDA Margin

PAT & PAT Margin

+82.29%

1,597.75

876.50

23.64%

19.46%

16.57%

14.33%

+50.06%

310.90

207.18

+57.64%

228.92

145.22

FY24*

FY25

FY24*

FY25

FY24*

FY25

*Note: Consolidated numbers are on restated basis due to merger effect

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

26

Consolidated Income Statement

WAARFFIRTL

Execution with Pace & Comfort

Particulars (₹ Crs)

Revenue from Operations

Total Revenue

Cost of EPC contract

Employee Expenses

Other Expenses

EBITDA

EBITDA Margin (%)

Other Income

Depreciation

Finance Cost

Profit Before Tax

Profit Before Tax(%)

Exceptional Item

Tax

Profit After Tax

PAT Margin (%)

Basic EPS (As per Profit after Tax)

Q1FY26

Q1FY25

Y-o-Y

Q4FY25

Q-o-Q

FY25

FY24*

Y-o-Y

603.19

603.19

470.02

9.35

6.27

117.54

19.49%

4.83

2.23

3.56

116.57

19.33%

-

30.19

86.39

236.35

236.35

185.45

6.59

3.24

41.08

17.38%

2.76

1.54

3.03

39.27

16.62%

-

11.11

28.16

155.20%

186.14%

196.82%

206.77%

14.32%

11.91%

8.29

2.72

476.58

476.58

334.96

7.50

7.79

126.33

26.51%

4.86

1.63

4.38

125.18

26.27%

-4.02

27.40

93.77

19.67%

9.00

1597.75

876.50

26.57%

1,597.75

876.50

82.29%

1238.80

644.90

29.56

18.49

17.30

7.12

-6.96%

310.90

207.18

50.06%

19.46%

23.64%

14.80

6.37

14.84

4.15

6.12

6.77

-6.88%

304.49

198.45

53.43%

19.06%

22.64%

-4.02

71.55

-

53.24

-7.87%

228.92

145.22

57.64%

14.33%

16.57%

22.00

13.95

*Note: Consolidated numbers are on restated basis due to merger effect

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27

Consolidated Balance Sheet and Cash Flow Statement

WAARFFIRTL

Execution with Pace & Comfort

Particulars (₹ Cr)

Shareholders' Funds

Non-Current Liabilities

Current Liabilities

Total Equity & Liabilities

Fixed Assets

Other Non-Current Assets

Current Assets

Total Assets

Particulars (₹ Cr)

Net Cash Inflow / (Outflow) from Operating Activities

Cash Flow from Investing Activities

Cash Flow from Financing Activities

Net increase/ (decrease) in Cash & Cash equivalent

Cash and cash equivalents as at start of the period

Cash and cash equivalents as at end of the period

FY25

454.95

52.23

612.94

1,120.12

254.19

54.42

811.51

1,120.12

FY25

302.70

-236.93

-48.57

17.20

9.59

26.79

FY24*

246.53

48.78

419.23

714.32

159.93

4.05

550.34

714.32

FY24*

127.91

-114.39

-7.18

6.34

3.26

9.59

*Note: Consolidated numbers are on restated basis due to merger effect

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28

For further information, please contact:

Company:

Waaree Renewable Technologies Ltd. CIN: L93000MH1999PLC120470 www.waareertl.com

www.waareertl.com www.waareertl.com

Mr. Neeraj Vinayak VP – Investor Relations neerajvinayak@waaree.com

Mr. Rohit Wade GM – Investor Relations rohitwade@waaree.com

Investor Relations Advisors:

(e)MUFG

MUFG Intime India Private Limited (A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services)

Mr. Viral Sanklecha

viral.sanklecha@in.mpms.mufg.com viral.sanklecha@in.mpms.mufg.com

Ms. Nidhi Vijaywargia

nidhi.vijaywargia@in.mpms.mufg.com nidhi.vijaywargia@in.mpms.mufg.com

viral.sanklecha@in.mpms.mufg.com

nidhi.vijaywargia@in.mpms.mufg.com

Meeting Request

Link

Link

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