Waaree Renewable Technologies534618Quarterly results

Revised press release: Q2 FY27 revenue Rs. 1,057.84 crores, up 36.53% YoY; PAT Rs. 81.48 crores, down 29.98%

Revised press release shared by Waaree Renewable Technologies for the quarter and half year ended September 30, 2026.

By ScoutQuest · Mon 19 Oct 2026, 8:54 PM IST · 2 min read

43.84%

Q2 FY2736.53%H1 FY2743.84%

Revenue from operations YoY growth: 36.53% (Q2 FY27) and 43.84% (H1 FY27).

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

What the update is

Waaree Renewable Technologies has submitted a revised press release covering its unaudited financial results for the quarter and half year ended September 30, 2026. The revision is a typographical correction: the earlier release referred to "Q2 FY26" where it should have read "Q2 FY27", and to "Q1 FY26" where it should have read "Q2 FY26". The company states that there is no change in the financial numbers or any other details.

Q2 FY27 numbers

Revenue from operations: Rs. 1,057.84 crores, up 36.53% year-on-year
EBITDA: Rs. 159.98 crores
PAT: Rs. 81.48 crores, down 29.98% year-on-year

Half year and order book

H1 FY27 revenue from operations: Rs. 1,982.09 crores, up 43.84% year-on-year
Consolidated unexecuted order book: Rs. 5,500+ crores

What stands out

Revenue growth was strong in Q2 FY27 at 36.53%, but EBITDA at Rs. 159.98 crores grew much more modestly than revenue, so operating profitability did not keep pace with sales. Profit after tax fell 29.98% year-on-year. The CFO's commentary attributes the near-term profitability pressure to acquisition-related financing costs and the addition of a business with a different margin profile, referring to the acquisition of Associated Power Structures Pvt. Ltd. (APSPL), which the company says strengthens its presence in the transmission and distribution (T&D) space.

Terms to know

EBITDA: profit before interest, tax, depreciation and amortisation — a measure of operating profit.
PAT: profit after tax — what remains after all costs, including interest and tax.
Unexecuted order book: work already won but not yet completed; it indicates future revenue visibility.
EPC: engineering, procurement and construction.

Other points from the release

The company says growth during the quarter was driven by steady progress across its project portfolio, timely execution, and expanding capabilities across the renewable energy value chain and the T&D segment.
The CFO pointed to government policy support, including the approved Green Energy Corridor Phase-III and the Pradhan Mantri Surya Sarovar Yojana, as expanding opportunities across renewable generation, storage and T&D infrastructure.
The company said it is also pursuing EPC opportunities in Battery Energy Storage Systems and data centre infrastructure, alongside its core renewable EPC business.
The CFO said the company remains focused on operational efficiencies, business integration and improving profitability across its expanded portfolio, backed by the unexecuted order book.
The results are described as unaudited.

Also from Waaree Renewable Technologies