Waaree Renewable Share Price Rises 10.57%; Reports 47% Revenue Jump in Q2 FY26 Results

Waaree Renewable Technologies Limited, a key player in solar EPC, has posted impressive financial results for Q2 FY26.

The company’s revenue rose to ₹774.78 crore, marking a 47.73% YoY increase from ₹524.47 crore in Q2 FY25. EBITDA surged 120.69% YoY to ₹157.94 crore, while PAT jumped 117.40% YoY to ₹116.34 crore, reflecting strong operational performance and cost efficiencies.

H1 FY26 Performance

For the half-year ended September 30, 2025, revenue stood at ₹1,377.97 crore, up 81.12% YoY. EBITDA increased 144.56% to ₹275.48 crore, and PAT grew 148.21% to ₹202.73 crore, highlighting sustained growth momentum.

Order Book and Expansion

Waaree’s unexecuted order book is currently at 3.48 GWp, expected to be executed over the next 12–15 months. The bidding pipeline remains strong at over 27 GWp. Notable recent wins include 1,218 MWp and 29.4 MWp ground-mounted solar projects.

Strategic Capex Approvals

The board has approved setting up 28 MWp IPP solar plants in Maharashtra and a 37.5 MWp IPP plant in Bikaner, Rajasthan, further strengthening its renewable energy portfolio.

Commenting on the results Mr Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said, “India’s renewable energy momentum continues to build, with total installed capacity reaching 256.1 GW as of September 2025 marking a significant milestone in its clean energy transition reaching halfway to the 500 GW target of 2030 and further aligning with India’s long-term net-zero vision. Solar energy accounts for 127.33 GW of the total renewable installed capacity, underscoring its pivotal role in the country’s clean energy transition, driven by robust policy support, and ambitious national targets. India’s solar EPC sector is also rapidly evolving and our integrated capabilities place us at the forefront of this transformation.”

He further stated, “With a robust solar EPC unexecuted orderbook 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 substation and transmission line for specific solar power project.”

Waaree Renewable Share Price Performance

On October 13, 2025, Waaree Renewable Technologies share price (NSE: WAAREERTL) opened at ₹1,184.90, up from its previous close of ₹1,133.20. At 11:17 AM, the share price of Waaree Renewable was trading at ₹1,253.00, up by 10.57% on the NSE.

Also Read: Waaree Renewable Secured ₹1,252 Crore EPC Order for 1,218 MWp Solar Project!

Conclusion

With financial growth, an expanding order book, and strategic investments in solar and battery energy storage systems, Waaree Renewable Technologies is well-positioned to consolidate its leadership in India’s renewable energy sector.

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