Waaree Renewable Tech shares hit 52-week high as investors cheer Sept quarter earnings; check all Q2 numbers

The company reported a consolidated net profit of ₹116 crore for the quarter ended September 30, as compared to ₹53.5 crore in the same quarter of the previous fiscal year, marking a growth of 117.2%.

Its revenue from operations also increased 48% to ₹775 crore in Q2 FY26 as against ₹524 crore in the corresponding quarter of last financial year.

The company's operation profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), surged 121% to ₹158 crore in the period ended September 2025 as against ₹71.57 crore in Q2 FY25. The margin for Q1 FY26 stood at 20.39%, in contrast to 13.65% YoY.

In the reporting quarter, Waaree Renewable Technologies’ unexecuted order book stood at 3.48 GWp, scheduled for execution over the next 12–15 months, while its bidding pipeline remained strong at over 27 GWp.

“The substantial growth in the numbers is a result of our execution capabilities and increasing sector performance. With a robust solar EPC unexecuted order book of 3.48 GWp, we are strategically positioned to execute large-scale, integrated energy projects and lead India’s energy transition by serving value across the lifecycle from design and delivery to commissioning and O&M. Further, the company is also building a substation and transmission line for a specific solar power project,” said Manmohan Sharma, CFO, Waaree Renewable Technologies.

During the quarter, the company’s board has also approved a capex budget for setting up two 28 MWp IPP solar power plants of 14 MWp each at two locations in Maharashtra. Further, the capex budget is for setting up a 37.5 MWp IPP solar power plant at Bikaner, Rajasthan.

In the first half of the current financial year (H1 FY26), the renewable energy firm’s revenue stood at ₹1,377.97 crore, marking a growth of 81.12% year-on-year (YoY) as compared to ₹760.82 crore in H1 FY25.

The profit after tax (PAT) for H1 FY26 was at ₹202.73 crore as compared to ₹81.68 crore in H1 FY25, a growth of 148.21% YoY. Its EBITDA for the first half of the fiscal year stood at ₹275.48 crore as compared to ₹112.65 crore in H1 FY25, rising 144.56% YoY.

Waaree Renewable Technologies Limited (WRTL) is a subsidiary company of the Waaree Group and is spearheading the Solar EPC business.

At 10:30 AM, shares of Waaree Renewable Technologies were trading at ₹1,277.80 apiece, soaring 12.76%.

Over a week’s time, the stock has gained over 22%, while for a month, it has climbed 16%. For a period of three months, Waaree Renewable Technologies shares have increased 29%.

Since the beginning of the year, the stock has skyrocketed 49%. Its market capitalisation stands at ₹13,352.94 crore.