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Waaree Renewable Technologies Q2 Net Profit Drops 29% to Rs 81 Crore
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News18•19-10-2026, 19:30
Waaree Renewable Technologies Q2 Net Profit Drops 29% to Rs 81 Crore
- •Waaree Renewable Technologies reported a 29 percent year-on-year decline in consolidated net profit to Rs 81.48 crore for the September quarter.
- •Total expenses for the quarter rose significantly to Rs 961.66 crore compared to Rs 622.63 crore in the same period a year ago.
- •Revenue from operations increased to Rs 1,057.84 crore during the quarter from Rs 774.78 crore in the previous year.
- •The company holds a consolidated unexecuted order book exceeding Rs 5,500 crore alongside a strong bidding pipeline.
- •CFO Manmohan Sharma noted that near-term profitability was influenced by acquisition-related financing costs and strategic expansion.
Key Questions Answered
Waaree Renewable Technologies reported a consolidated net profit of Rs 81.48 crore for the September quarter, marking a decline of over 29 per cent year-on-year compared to Rs 116.36 crore in the same period of the previous fiscal.
The drop in net profit was primarily driven by higher total expenses, which increased to Rs 961.66 crore during the quarter compared to Rs 622.63 crore a year ago. Additionally, acquisition-related financing costs and expanded business segments influenced near-term profitability.
The company holds a consolidated unexecuted order book exceeding Rs 5,500 crore. Its robust bidding pipeline features over 34.6 GWp for solar projects, more than 12.5 GWh for BESS, and over Rs 21.9k crore for T&D.
