Waaree Energies Limited

₹ 26,537

timeliness, or completeness. 1 Q4 & FY26 Overview Record Performance Delivered FY26 Highlights ₹ 26,537 Cr ₹5,909 Cr ₹3,884 Cr Revenue from Operations Operating EBITDA PAT | +83.72% YoY | +117.10%

₹5,909

r completeness. 1 Q4 & FY26 Overview Record Performance Delivered FY26 Highlights ₹ 26,537 Cr ₹5,909 Cr ₹3,884 Cr Revenue from Operations Operating EBITDA PAT | +83.72% YoY | +117.10% YoY 22.27%

₹3,884

ess. 1 Q4 & FY26 Overview Record Performance Delivered FY26 Highlights ₹ 26,537 Cr ₹5,909 Cr ₹3,884 Cr Revenue from Operations Operating EBITDA PAT | +83.72% YoY | +117.10% YoY 22.27% Margin | +

83.72%

6 Highlights ₹ 26,537 Cr ₹5,909 Cr ₹3,884 Cr Revenue from Operations Operating EBITDA PAT | +83.72% YoY | +117.10% YoY 22.27% Margin | +101.45% YoY 14.26% Margin Q4FY26 Highlights ₹ 8,480 Cr ₹1,

117.10%

26,537 Cr ₹5,909 Cr ₹3,884 Cr Revenue from Operations Operating EBITDA PAT | +83.72% YoY | +117.10% YoY 22.27% Margin | +101.45% YoY 14.26% Margin Q4FY26 Highlights ₹ 8,480 Cr ₹1,577 Cr ₹1,126 C

22.27%

₹5,909 Cr ₹3,884 Cr Revenue from Operations Operating EBITDA PAT | +83.72% YoY | +117.10% YoY 22.27% Margin | +101.45% YoY 14.26% Margin Q4FY26 Highlights ₹ 8,480 Cr ₹1,577 Cr ₹1,126 Cr Revenue

101.45%

Cr Revenue from Operations Operating EBITDA PAT | +83.72% YoY | +117.10% YoY 22.27% Margin | +101.45% YoY 14.26% Margin Q4FY26 Highlights ₹ 8,480 Cr ₹1,577 Cr ₹1,126 Cr Revenue from Operations Op

14.26%

from Operations Operating EBITDA PAT | +83.72% YoY | +117.10% YoY 22.27% Margin | +101.45% YoY 14.26% Margin Q4FY26 Highlights ₹ 8,480 Cr ₹1,577 Cr ₹1,126 Cr Revenue from Operations Operating EBI

₹ 8,480

PAT | +83.72% YoY | +117.10% YoY 22.27% Margin | +101.45% YoY 14.26% Margin Q4FY26 Highlights ₹ 8,480 Cr ₹1,577 Cr ₹1,126 Cr Revenue from Operations Operating EBITDA PAT | +111.80% YoY | +70.91%

₹1,577

72% YoY | +117.10% YoY 22.27% Margin | +101.45% YoY 14.26% Margin Q4FY26 Highlights ₹ 8,480 Cr ₹1,577 Cr ₹1,126 Cr Revenue from Operations Operating EBITDA PAT | +111.80% YoY | +70.91% YoY 18.59%

₹1,126

+117.10% YoY 22.27% Margin | +101.45% YoY 14.26% Margin Q4FY26 Highlights ₹ 8,480 Cr ₹1,577 Cr ₹1,126 Cr Revenue from Operations Operating EBITDA PAT | +111.80% YoY | +70.91% YoY 18.59% Margin | +

111.80%

26 Highlights ₹ 8,480 Cr ₹1,577 Cr ₹1,126 Cr Revenue from Operations Operating EBITDA PAT | +111.80% YoY | +70.91% YoY 18.59% Margin | +74.76% YoY 13.01% Margin 3 Record Performance Powered by Glo

“No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.”

Registered Office

1

Manufacturing

1

Registered Office

602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400. Email: waaree@waaree.com.Website:www.waaree.com Corporate Identity Number:L29248MH1990PLC059463 WAAREE ENERGIES LIMITED Investor Presentation | Q4 & FY26 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Energies Limited (WEL) (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 Compan

Manufacturing

Digital/ in AI/ Robotics Source: Company Filings 8 Beyond Solar – Building the New Energy Value Chain Emerging as India’s Only Fully Integrated Energy Transition Player Annual TAM Size - ~$1Tn* Increasing Wallet share Annual TAM Size - ~$4Tn* ~$3.5Bn Capex taking Waaree from 1.0 to 2.0 EPC, O&M and Technical Services 5.06 GWp EPC Projects commissioned Inverters / Smart Meters ~$20Mn Capex 1.18 GW O&M Portfolio 4 GW Inverter Plant Technical Services Value Chain – Backward/Vertical Integration ~$1.3Bn Capex 2.6 GW|10 GW| 10 GW Solar Module|Cells| Ingots & Wafer Strategic Investment (100k TPA Polysilicon Plant) Solar Glass ~$430Mn | 2,500 TPD Waaree 1.0 ~26 GW Largest Module Manufacturer 5.4 GW Cell Facility Transformers ~$20Mn Capex 20,000 MVA Manufacturing Plant BESS ~$1.1Bn Capex 20 GWh BESS Plant (Battery Pack + Cells) Electrolyser/ Green Hydrogen ~$75Mn Capex 1 GW Electrolyser Plant RE - Power Infrastructure and T&D RE - Power Infrastructure ~$360Mn Committed Outlay ~$135Mn APSL# T&D