Waaree Renewable Technologies Limited has announced robust financial results for the Quarter and Half Year ended September 30, 2026. The company reported a substantial 43.84% year-over-year increase in revenue for H1 FY27, reaching ₹1,982.09 crore. This growth reflects strong performance in the solar energy sector. The presentation also highlights key achievements and strategic initiatives for future expansion.
Waaree Renewable Technologies Ltd. Reports Strong H1 FY27 Performance
Waaree Renewable Technologies Limited (WRTL) has officially released its investor and earnings presentation for the Quarter and Half Year ended September 30, 2026. The company has demonstrated significant financial growth, particularly in its top-line performance.
Key Financial Highlights (Consolidated)
Q2 FY27 vs. Q2 FY26
- Revenue from Operations increased by 36.53% to ₹1,057.84 crore in Q2 FY27, compared to ₹774.78 crore in Q2 FY26.
- EBITDA stood at ₹159.98 crore in Q2 FY27, a marginal increase from ₹157.95 crore in Q2 FY26.
- PAT Margin was 7.70% in Q2 FY27, down from 15.02% in the same period last year.
H1 FY27 vs. H1 FY26
- Revenue from Operations saw a significant surge of 43.84% year-over-year, reaching ₹1,982.09 crore in H1 FY27, up from ₹1,377.97 crore in H1 FY26.
- EBITDA grew by 21.04% to ₹333.46 crore in H1 FY27, compared to ₹275.49 crore in H1 FY26.
- PAT Margin was 10.11% in H1 FY27, a decrease from 14.71% in H1 FY26.
Consolidated Income Statement Summary
The detailed income statement for the period shows that while revenue has grown, Profit Before Tax experienced a decline of 32.71% in Q2 FY27 and 1.61% in H1 FY27, reflecting increased costs and finance charges. Profit After Tax also saw a reduction of 29.98% in Q2 FY27 and 1.14% in H1 FY27.
Balance Sheet and Cash Flow
The consolidated balance sheet as of H1 FY27 indicates a strong growth in Shareholders Funds to ₹1,745.57 crore and total assets reaching ₹4,868.89 crore. The cash flow statement shows a net increase in cash and cash equivalents of ₹38.58 crore for H1 FY27, driven primarily by financing activities.
Company Operations and Strategy
The presentation also outlines the company’s operations, including its vertically integrated manufacturing capabilities, extensive EPC and T&D expertise, and a diverse clientele. Key strengths highlighted include a fast-growing solar market, a strong order book, and an experienced management team. Waaree Renewable Technologies is strategically expanding its offerings in energy transition, focusing on solar, storage, O&M, and T&D segments. The company’s partnership with Associated Power Structures (APSPL) is key to its integrated offering in transmission and energy infrastructure.
Manufacturing and Project Execution
The company showcases its ongoing solar and BESS EPC projects, with significant capacities in Bikaner, Solapur, and Kurnool. APSPL’s manufacturing locations in Gujarat are also detailed, indicating substantial existing and under-construction capacity for lattice towers and related components.
Leadership and Governance
The experienced Board of Directors and Senior Leadership Team, comprising individuals with extensive expertise in finance, engineering, and business strategy, are presented as drivers of the company’s execution capabilities.
Source: BSE
