Synopsis:
Waaree Renewable Technologies Limited announced Q2FY26 results with net profit up by 115 percent YoY, indicating robust business growth, likely supported by higher revenues.
The shares of the leading Indian solar energy company engaged in the business of generating power through renewable energy sources attracted investor interest following the release of its Q2FY26 results and updates.
With a market capitalization of Rs.12,874.45 crores, the shares of Waaree Renewable Technologies were trading at Rs.1,235, up by 11.31 percent from its previous day closing price of Rs.1,134.60.
Q2FY26 Results
Waaree Renewable Technologies Limited posted revenue of Rs.775 crore in Q2FY26, up by 47.90 percent from Rs.524 crore in Q2FY25, and up by 28.52 percent compared to Rs.603 crore in the previous quarter.
The company’s net profit stood at Rs.116 crore in Q2FY26, rising to 115 percent from Rs.54 crore a year ago and up by 34.88 percent from Rs.86 crore in the previous quarter.
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About the Company
Waaree Renewable Technologies Limited, founded in 1999 focuses on generating power from renewable energy sources and also offers consultancy services in this field. It provides a wide range of solar energy solutions such as large Utility Solar Projects, Rooftop Solar Projects for homes and businesses, and floating solar systems.
Additionally, they combine solar power with energy storage to ensure electricity is available even when the sun isn’t shining. To suit different financial needs, they provide flexible options, including the RESCO model, where the company owns and manages the system, and the CAPEX model, where the customer buys the equipment outright.
The company’s unexecuted projects have grown from 817 MWp in 2023 to 3,481 MWp in H1 FY26. Executed order book has also increased from 295 MWp to 1,621 MWp in the same period, with revenue rising from Rs.351 Crore to Rs.1,378 Crore. This shows the company is successfully turning its project pipeline into real work and earnings.
Written By Jhanavi Sivakumar
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