Waaree Renewable Technologies Q2 FY27 Net Profit Falls 30% To ₹81.48 Crore; Revenue Rises 36.5%
Mumbai: Waaree Renewable Technologies Limited reported a 30 percent year-on-year decline in consolidated net profit to Rs 81.48 crore for the quarter ended September 30, 2026 (Q2 FY27), compared with Rs 116.36 crore in the corresponding quarter last year. Despite the decline in profitability, revenue from operations increased 36.5 percent to Rs 1,057.84 crore from Rs 774.78 crore in Q2 FY26,…
Mumbai: Waaree Renewable Technologies reported a 30 percent drop in net profit for the quarter ended September 30, 2026, compared to the same period last year. Despite the decline in profitability, revenue increased by 36.5 percent. The company's total income reached Rs 1,067.02 crore, while expenses rose to Rs 961.66 crore. Profit before tax fell by 32.7 percent to Rs 105.36 crore, and earnings per share declined to Rs 7.07.
Waaree secured a major contract for a 450MWp solar project, boosting its order book. Total expenses increased by 25.5 percent sequentially, while profit before tax dropped to Rs 105.36 crore. In H1 FY26, revenue grew by 43.8 percent, but net profit decreased marginally. The acquisition of a 55 percent stake in Associated Power Structures Private Limited makes the current results not comparable with the previous year.
Waaree also opened a 5.15 GWh BESS container manufacturing facility as part of its planned 20 GWh capacity expansion.
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