Waaree Renewable Technologies Reports Highest Ever Quarterly Revenue and PAT; Order Book at 3.48 GWp
DSIJ Intelligence-2 / 11 Oct 2025/ Categories: Mindshare, Trending
For H1 FY26, revenue from operations reached Rs 1,377.97 crore, an increase of 81.12 per cent YoY. EBITDA grew 144.56 per cent to Rs 275.48 crore, while PAT surged 148.21 per cent to Rs 202.73 crore.
Waaree Renewable Technologies Limited (WRTL), the EPC arm of the Waaree Group, announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2025 (Q2 and H1 FY26) on October 10, 2025. The company reported its highest ever quarterly revenue and PAT, driven by strong execution and expanding sector demand. WRTL has also recently expanded its operations into Battery Energy Storage Systems (BESS) and data centres.
In Q2 FY26, WRTL recorded revenue from operations of Rs 774.78 crore, a growth of 47.73 per cent year-on-year (YoY). EBITDA rose to Rs 157.94 crore, up 120.69 per cent YoY, while PAT increased to Rs 116.34 crore, marking a 117.40 per cent YoY growth. The PAT margin improved to 15.02 per cent compared to 10.20 per cent in the same quarter last year.
For H1 FY26, revenue from operations reached Rs 1,377.97 crore, an increase of 81.12 per cent YoY. EBITDA grew 144.56 per cent to Rs 275.48 crore, while PAT surged 148.21 per cent to Rs 202.73 crore.
The company maintains a strong unexecuted Order Book of 3.48 GWp, expected to be executed within 12-15 months. The bidding pipeline for future projects remains robust at over 27 GWp. Major orders secured in Q2 FY26 include a 1,218 MWp ground-mounted Solar power project and a 29.4 MWp ground-mounted solar power project.
Additionally, WRTL’s Board of Directors approved capital expenditure (Capex) budgets for independent power producer (IPP) solar power plants. These include a 28 MWp capacity (14 MWp each) at two locations in Maharashtra and a 37.5 MWp capacity project at Bikaner, Rajasthan.
Mr. Manmohan Sharma, CFO of WRTL, stated that the substantial growth in revenue and PAT was due to the company’s execution capabilities and improving sector performance. He highlighted that India’s total installed renewable capacity reached 256.1 GW as of September 2025, halfway to the 500 GW target set for 2030, with solar energy contributing 127.33 GW. He added that WRTL’s integrated capabilities and robust solar EPC order book position the company to execute large-scale projects and play a leading role in India’s energy transition.
Disclaimer: The article is for informational purposes only and not investment advice.