Waaree Renewable Technologies Q2 FY27 Revenue Up 36.5% to ₹1,057 Cr; PAT at ₹81 Cr
Waaree Renewable Technologies reported Q2 FY27 revenue of ₹1,057.84 Cr, up 36.5% YoY, with PAT at ₹81.48 Cr. H1 FY27 revenue rose 43.8% to ₹1,982.09 Cr. The company executed 456 MWp in Q2 and secured 1.7 GWp of new orders. The order book stands at over ₹5,500 Cr.
The announcement details significant financial growth, operational execution, and a robust order book, which are key performance indicators for investors and directly impact the company's valuation and market perception.
The company reported strong year-on-year revenue growth in both Q2 and H1 FY2027, along with a healthy order book and new order wins, indicating positive business performance and future prospects.
Waaree Renewable Technologies Limited (WAAREERTL) announced its financial results for the second quarter and half year ended September 30, 2026. The company reported a revenue from operations of ₹1,057.84 crores for Q2 FY2027, marking a 36.53% increase compared to the same quarter last year. EBITDA for the quarter stood at ₹159.98 crores with a margin of 15.12%, and Profit After Tax (PAT) was ₹81.48 crores.
For the first half of FY2027, revenue from operations reached ₹1,982.09 crores, a growth of 43.84% over H1 FY2026. The EBITDA for the half-year was ₹333.46 crores with a margin of 16.82%, and PAT was ₹200.44 crores.
Operationally, WAAREERTL executed 456 MWp of EPC projects in Q2 FY2027, bringing the total solar EPC execution for H1 FY2027 to 1,345 MWp. The company also secured new orders totaling 1.7 GWp during the quarter. As of September 30, 2026, the consolidated unexecuted order book stands at over ₹5,500 crores, comprising more than ₹3,300 crores from solar and BESS EPC, and over ₹2,200 crores from the T&D vertical.
The company highlighted growth in its other revenue segments, with an operational IPP portfolio of 82.82 MWp and an O&M portfolio reaching 1.5 GWp. WAAREERTL is expanding its manufacturing capabilities with an additional facility at Azamnagar and is evolving into a broader energy transition EPC platform, leveraging its capabilities across solar EPC, BESS, T&D, IPP, and O&M.
The management addressed concerns about a slowdown in execution during the quarter, attributing it to delays in land and connectivity readiness on the developer's end for some projects. They reiterated a positive outlook for the renewable energy sector, driven by government support, rising clean energy demand, and growing storage requirements.
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