Q2 FY27 revenue up 36.53% to Rs. 1,057.84 crores; PAT down 29.98% YoY
Q2 FY27 revenue from operations Rs. 1,057.84 crores, up 36.53% YoY.
By ScoutQuest · · 2 min read
- Q2 FY27 revenue from operations
- Rs. 1,057.84 crores, up 36.53% YoY
- Q2 FY27 PAT
- Rs. 81.48 crores, down 29.98% YoY
- Unexecuted order book
- Rs. 5,500+ crores
Waaree Renewable Technologies has released a press release on its unaudited financial results for the quarter and half year ended September 30, 2026.
What the numbers show
- Revenue from operations for Q2 FY27 was Rs. 1,057.84 crores, a growth of 36.53% over the same quarter a year earlier.
- EBITDA was Rs. 159.98 crores, with an EBITDA margin of 15.12%.
- PAT (profit after tax) was Rs. 81.48 crores, lower by 29.98% year-on-year.
- For H1 FY27, revenue from operations was Rs. 1,982.09 crores.
Reading the trend simply
Revenue grew faster than profit. In its commentary, the company said acquisition-related financing costs and the addition of a business with a different margin profile have influenced near-term profitability, while its focus remains on long-term value through greater scale, diversified capabilities and operational efficiencies.
Order book
- Consolidated unexecuted order book of Rs. 5,500+ crores, which the company describes as sustaining revenue visibility.
What changed in the business
- The company is the EPC arm of the Waaree Group and works in the EPC and transmission and distribution (T&D) space.
- Its acquisition of Associated Power Structures Pvt. Ltd. (APSPL) has strengthened its presence in the T&D space, and the company says this acquisition consolidated its position across the T&D infrastructure value chain.
- It is also pursuing EPC opportunities in battery energy storage systems and data centre infrastructure, alongside its solar EPC work.
Points a retail investor may want to note
- The figures are described as unaudited.
- Because the business mix has widened with the acquisition, the margin profile in this quarter reflects a different combination of work than in earlier periods.
- Growth in revenue and a fall in profit appear together in the same quarter, so both lines are worth reading together rather than in isolation.
- The company's own commentary links the profit movement to financing costs and business mix, not to a change in the scale of its order book.
Also from Waaree Renewable Technologies
Solar PV EPC scope revised; aggregate capacity under two LoAs now 800 MWac / 1,109 MWp
23 Oct 2026
Audio recording of Q2 FY27 earnings call held on 21 October 2026 made available on company website
21 Oct 2026
Waaree Renewable Technologies management discussed order book, execution timelines and order pipeline in an interview
21 Oct 2026
More numbers
- Q2 FY27 revenue from operationsRs. 1,057.84 Cr
- Q2 FY27 revenue growth YoY36.53%
- Q2 FY27 EBITDARs. 159.98 Cr
- Q2 FY27 EBITDA margin15.12%
- Q2 FY27 PATRs. 81.48 Cr
- Q2 FY27 PAT change YoY-29.98%
- H1 FY27 revenue from operationsRs. 1,982.09 crores
- Consolidated unexecuted order bookRs. 5,500+ crores
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