Waaree Energies Approves Financial Results & Acquires Waaree Green Data Centers
Waaree Energies Limited approved its Unaudited Financial Results for Q2 FY27, reporting consolidated revenue of ₹7,517.74 crore and net profit of ₹753.64 crore. The company also approved the acquisition of Waaree Green Data Centers Private Limited for ₹1,00,000. An amalgamation scheme between Indosolar Limited and Waaree Energies Limited was also approved.
The acquisition of a data center business and the proposed amalgamation are significant strategic moves that will likely have a substantial impact on the company's future operations and financial performance.
The company reported financial results and approved a strategic acquisition, indicating growth and expansion, which is viewed positively.
Waaree Energies Limited announced the outcome of its Board Meeting held on October 27, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half-year ended September 30, 2026, along with the Limited Review Report.
Furthermore, the company approved the acquisition of 100% shareholding of Waaree Green Data Centers Private Limited (formerly known as Sunsational Energy Private Limited) and its two wholly-owned subsidiaries, Aurovault Data Centers Private Limited and Sunstar Data Centers Private Limited. This acquisition is being made from its subsidiary, Waaree Renewable Technologies Limited.
The acquisition is a related party transaction, conducted at arm's length and in the ordinary course of business. Waaree Energies Limited is entering the data center business, including hyperscale, AI-ready, and edge data centers. The indicative time period for the completion of this acquisition is the Financial Year 2026-27. The cost of acquisition for 100% shareholding is ₹1,00,000, representing 10,000 Equity Shares at a face value of ₹10 per share.
The meeting commenced at 02:00 P.M. and concluded at 5:30 P.M. (IST). The financial results indicated a consolidated revenue from operations of ₹7,517.74 crore for the three months ended September 30, 2026, and a net profit after tax of ₹753.64 crore for the same period. For the half-year ended September 30, 2026, the consolidated revenue from operations was ₹15,449.53 crore and the net profit after tax was ₹1,645.51 crore.
The company also disclosed that its subsidiary, Indosolar Limited, is proposed to be amalgamated with Waaree Energies Limited. The scheme of amalgamation is subject to necessary statutory and regulatory approvals, including from the NCLT. The appointed date for the amalgamation is April 1, 2026.
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Waaree Energies Limited filed this with the NSE as a statutory disclosure, categorised under other results related. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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