Results21 Oct 2026 · Mon
WAAREERTLWaaree Renewable Technologies
Waaree Renewable's Q2 profit falls 30% to ₹81 crore; shares close 10% lower
Waaree Renewable Technologies reported a September-quarter profit of ₹81.48 crore against ₹116.36 crore a year earlier on revenue up 36.5%. The shares fell 10.13% in the first session after the results.
Price, Wednesday's close₹742.50▼ 10.13%
Last 5 days
52-week low ₹722.0052-week high ₹1,358.00
- Sector
- Solar engineering and EPC
What happened
- Waaree Renewable Technologies reported a net profit of ₹81.48 crore for the September 2026 quarter against ₹116.36 crore a year earlier, down 30%, according to Free Press Journal and Kotak Neo. Free Press Journal published the results at 6:50 PM on Monday 19 October. Tuesday was a market holiday, so Wednesday was the first session to trade on them.
- Revenue from operations rose 36.5% to ₹1,057.84 crore from ₹774.78 crore. Profit before tax fell 32.7% to ₹105.36 crore from ₹156.58 crore, as total expenses rose to ₹961.66 crore from ₹622.63 crore.
- First-half revenue was ₹1,982.09 crore, up 43.8%, while first-half profit was ₹200.44 crore against ₹202.75 crore. Free Press Journal noted the figures include the 18 June 2026 acquisition of Associated Power Structures, which affects year-on-year comparison.
- Kotak Neo put the unexecuted order book at over ₹5,500 crore. The shares closed at ₹742.50 on Kite data, down 10.13% from ₹826.20, after an intraday low of ₹722, the 52-week low.
Why it matters
Good to know: A company can report higher revenue and lower profit in the same quarter when its costs grow faster than its sales. Here total expenses rose about 54% while revenue rose 36.5%.
Key facts
- Net profit
- ₹81.48 crore (₹116.36 crore a year earlier), down 30%
- Revenue
- ₹1,057.84 crore (₹774.78 crore), up 36.5%
- Profit before tax
- ₹105.36 crore (₹156.58 crore), down 32.7%
- First-half revenue
- ₹1,982.09 crore, up 43.8%
- Unexecuted order book
- Over ₹5,500 crore, per Kotak Neo
Read the source
This is a summary of public news about Waaree Renewable Technologies, for information only. It is not a recommendation to buy, sell or hold WAAREERTL.