Waaree Renewable Technologies has reported a record quarterly revenue of ₹774.78 crore for the second quarter of the fiscal year 2026, representing a year-on-year growth of 47.73%. The company’s profit after tax (PAT) also saw a significant increase, surging by 117.40% to ₹116.34 crore for the quarter ending September 30, 2025.
In the first half of FY26, Waaree Renewable Technologies achieved revenue of ₹1,377.97 crore, marking an 81.12% rise compared to the same period last year, with PAT increasing 148.21% to ₹202.73 crore. The company’s EBITDA for the quarter was recorded at ₹157.94 crore, reflecting a 120.69% upswing from the previous year.
The company currently holds an unexecuted order book of 3.48 GWp, anticipated for completion over the following 12 to 15 months. Additionally, its bidding pipeline exceeds 27 GWp. Recent acquisitions affirming its growth trajectory include a 1,218 MWp ground-mounted solar power project and a 29.4 MWp project.
The board has authorized capital expenditure for the establishment of independent power producer solar plants totaling 65.5 MWp in Maharashtra and Rajasthan. In a strategic move, the company is also venturing into battery energy storage systems and establishing data centers, alongside its primary solar EPC operations.
CFO Manmohan Sharma credited the company’s growth to its execution capabilities and the favorable dynamics within the renewable energy sector. As of September 2025, India’s total renewable energy capacity stands at 256.1 GW, with solar contributing 127.33 GW. Waaree Renewable Technologies functions as a subsidiary of Waaree Energies.
On the stock market, shares of Waaree Renewable Technologies Ltd closed at ₹1,128 on the NSE, an increase of ₹17.50 or 1.58%.
The article was published on October 11, 2025.
