Waaree Renewable Technologies Limited reported a robust 36.53% year-over-year increase in revenue for the second quarter of FY2027, reaching INR 1,057.84 crore. EBITDA for the quarter stood at INR 159.98 crore with a margin of 15.12%, and Profit After Tax was INR 81.48 crore. The company also highlighted a strengthened order book of over INR 5,500 crore as of September 30, 2026, indicating positive future growth prospects.
Waaree Renewable Technologies Reports Strong Q2 FY27 Performance
Waaree Renewable Technologies Limited announced its financial results for the second quarter and first half of FY2027, showcasing significant year-over-year growth. For the quarter ended September 30, 2026, the company’s revenue from operations grew by 36.53% to INR 1,057.84 crore. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter was INR 159.98 crore, with an EBITDA margin of 15.12%. Profit After Tax (PAT) for the quarter stood at INR 81.48 crore.
H1 FY2027 Financial Highlights
During the first half of FY2027, Waaree Renewable Technologies recorded revenue from operations of INR 1,982.09 crore, marking a substantial growth of 43.84% compared to the same period last year. The EBITDA for H1 FY2027 was INR 333.46 crore with an improved EBITDA margin of 16.82%. The company reported a Profit After Tax of INR 200.44 crore for the first half.
Operational Achievements and Order Book
On the operational front, Waaree Renewable Technologies executed 456 megawatt peak (MWp) of EPC projects in Q2 FY2027, bringing the total solar EPC execution for H1 FY2027 to 1,345 MWp. The company’s order book saw further strengthening with the addition of 1.7 gigawatt (GWp) of new orders during the quarter. As of September 30, 2026, the consolidated unexecuted order book stood at over INR 5,500 crore, comprising more than INR 3,300 crore from EPC of solar and BESS, and over INR 2,200 crore from the T&D vertical. This robust order book provides healthy visibility for the coming quarters.
Diversified Business Segments
The company also highlighted growth in its other revenue segments, with its operational Independent Power Producer (IPP) portfolio reaching 82.82 MWp and the Operations & Maintenance (O&M) portfolio expanding to 1.5 GWp. These segments are contributing to a recurring revenue base and building long-term customer relationships. Waaree is evolving from a pure solar EPC player to a broader energy transition EPC platform, enhancing its capabilities in solar, BESS, T&D, IPP, and O&M.
Industry Outlook and Opportunities
The Indian renewable energy sector, particularly solar, continues to show strong momentum. India’s installed renewable energy capacity reached approximately 299 GW by September 30, 2026, with solar contributing around 171 GW. The government’s initiatives, such as the PM Surya Sarovar Yojana and the Green Energy Corridor Phase 3, are expected to drive further growth in solar energy and battery storage solutions. Waaree Renewable Technologies is well-positioned to capitalize on the increasing demand for renewable energy, BESS, and stronger transmission and distribution networks.
Source: BSE
