Waaree Renewable Share Price Surges 10% on ₹157 Crore Solar EPC Order

Waaree Renewable Technologies share price (NSE: WAREETL) surged 10% to ₹1,305 in Thursday’s trade on heavy volumes after the company announced it had bagged an EPC contract worth ₹156.66 crore for a 150 MWac/217.5 MWp solar power project.

The project is expected to be completed in the financial year 2026–27, according to the company’s exchange filing. 

Strong Recovery and Stock Performance

Waaree Renewable’s stock has recovered 77% from its 52-week low of ₹732 (April 2025). The company’s shares have also rallied 24% in the last 6 trading sessions, driven by a strong September quarter performance.

Waree Renewable Q2 FY26 Financial Highlights

For Q2FY26, the company’s revenue rose 47.7% YoY to ₹774.78 crore, while profit after tax (PAT) jumped 117.4% YoY to ₹116.34 crore. EBITDA more than doubled to ₹157.94 crore, and margins improved to 20.29% from 13.65% last year.

The company’s unexecuted order book stands at 3.48 GWp, expected to be completed in 12–15 months, while its bidding pipeline exceeds 27 GWp.

India’s Renewable Energy Momentum

India’s renewable energy capacity reached 256.1 GW as of September 2025, with solar power contributing 127.33 GW. Waaree Renewable said this growth reflects the country’s steady progress toward its 500 GW clean energy target by 2030 and its net-zero vision.

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Management Outlook

The management highlighted that India’s solar EPC sector is rapidly evolving and Waaree Renewable is well-positioned to lead this transition. The company is not only executing large-scale integrated solar projects but also building substations and transmission lines for select projects.

Leveraging its expertise and strong support from Waaree Group, the company continues to participate actively in both government and private sector projects, expanding across domestic and international markets.

Conclusion

Waaree Renewable’s sharp rally reflects investor optimism over its solid financial growth, strong order pipeline, and leadership in India’s solar EPC sector. With steady demand for renewable energy and supportive policies, the company is well-placed to play a key role in India’s clean energy journey.

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