Waaree Renewable Technologies Limited (WRTL) has announced strong financial results for the first quarter of FY27 (ended June 30, 2026). The company reported a revenue from operations of ₹924.25 crores, marking a significant year-on-year growth of 53.23%. EBITDA and PAT also saw substantial increases, reflecting robust operational performance and strategic growth initiatives, including recent acquisitions and a strong order book.
Waaree Renewable Technologies Limited Announces Strong Q1 FY27 Performance
Waaree Renewable Technologies Limited (WRTL), a key player in the renewable energy EPC and T&D sectors, has reported its unaudited financial results for the first quarter of Fiscal Year 2027, ending June 30, 2026. The company has demonstrated significant growth, driven by its core EPC business and strategic expansion into adjacent segments like Battery Energy Storage Systems (BESS) and Data Centres.
Key Financial Highlights – Q1 FY27
The consolidated financial highlights for Q1 FY27 indicate a robust performance:
- Revenue from Operations: Stood at ₹924.25 crores, an impressive increase of 53.23% year-on-year compared to ₹603.19 crores in Q1 FY26.
- EBITDA: Reached ₹173.48 crores, up by 47.58% year-on-year from ₹117.55 crores in Q1 FY26.
- Profit After Tax (PAT): Totaled ₹118.97 crores, a growth of 37.70% year-on-year from ₹86.40 crores in Q1 FY26.
Operational Performance and Growth Drivers
The company’s performance in Q1 FY27 was characterized by steady execution across its EPC portfolio and efficient resource management. WRTL has been actively expanding its capabilities beyond its core renewable EPC business, with the recent acquisition of Associated Power Structures Pvt. Ltd. (APSPL) strengthening its presence in the transmission and distribution (T&D) segment. The company is also pursuing EPC opportunities in Battery Energy Storage Systems and Data Centres, aiming for a broader and more integrated presence across the clean energy value chain.
Order Book and Future Outlook
WRTL maintains a strong order book position, with a consolidated unexecuted order book of over ₹5,300 crores. The bidding pipeline remains robust, including significant opportunities in solar (37 GWp+), BESS (10 GWh+), and T&D (₹20k Cr+). Recent order wins include a 1,520 MWh BESS order and a 450 MWp Ground Mounted solar power project. The company also acquired a 55% equity stake in Associated Power Structures Pvt. Ltd, enhancing its T&D capabilities.
Mr. Manmohan Sharma, CFO of Waaree Renewable Technologies Limited, commented, “Despite global business challenges, we are pleased to begin FY27 on a strong note. Our performance was driven by steady execution across our EPC portfolio, efficient resource deployment, and a sustained focus on disciplined project delivery.” He added, “Backed by a healthy unexecuted order book, WRTL remains well positioned for sustained growth, supported by expanding O&M capabilities.”
Source: BSE
