Waaree Energies has announced its unaudited financial results for the half-year ended September 30, 2026. The company reported a significant 47.3% year-on-year increase in revenue from operations, reaching ₹15,449.5 crore. EBITDA also saw a 15.5% growth, while Operating Cash Flow surged by an impressive 506.1%, highlighting strong business fundamentals and execution.
Waaree Energies Reports Strong H1 FY27 Performance
Waaree Energies has announced its financial results for the first half of Fiscal Year 2027 (H1’FY27), ending September 30, 2026. The company showcased robust growth with revenue from operations reaching ₹15,449.5 crore, a substantial 47.3% increase compared to the same period last year (H1’FY26).
Key Financial Highlights
The company’s operational performance was marked by a significant rise in profitability and cash flow:
- EBITDA for H1’FY27 grew by 15.5% to ₹2,775.1 crore.
- Profit After Tax (PAT) stood at ₹1,645.5 crore.
- Operating Cash Flow demonstrated exceptional growth, soaring by 506.1% to ₹3,483.6 crore.
Quarterly Performance (Q2 FY27)
In the second quarter of FY27 (Q2’FY27), Waaree Energies reported revenue of ₹7,517.7 crore, a 23.9% increase year-on-year. Operating EBITDA for the quarter was ₹1,335.2 crore, though this represents a marginal -5.1% decrease compared to Q2’FY26 due to timing differences in revenue recognition. PAT for Q2’FY27 was ₹753.6 crore.
Operational and Strategic Milestones
The press release also highlighted key operational achievements and strategic developments:
- Module production increased to 6.3 GW in H1’FY27 from 4.9 GW in H1’FY26.
- Cell production more than doubled to 1.9 GW from 0.8 GW year-on-year.
- The company has commenced advanced 5.15 GWh of automated BESS container manufacturing.
- Board approval was granted for an expansion of the Meyer Berger facility in Arizona, USA, to add 0.6 GW capacity.
- A scheme of amalgamation for its subsidiary, Indosolar Limited, has been approved by the board.
Mr. Jignesh Rathod, Whole Time Director & CEO of Waaree Energies Ltd, commented, “Our H1′ FY27 performance reflects the strength of our business fundamentals and consistent execution of our growth strategy.” He further added that the company is poised for sustainable, long-term growth with its integrated strategy and expanding capabilities.
Source: BSE
