Waaree Renewable Tech Q1 FY26 Results: Profit Up 207%; Revenue Doubles to Rs 603 Cr

Last Updated:July 17, 2025, 15:22 IST

Waaree Renewable Technologies Ltd reported a net profit jump to Rs 86.38 crore in Q1 FY26, up from Rs 28.16 crore last year.

Waaree Renewable Tech Q1 FY26 Results: Waaree Renewable Technologies Ltd (WRTL) on Thursday reported that its net profit jumped 207 crore to Rs 86.38 crore in the first quarter of FY2025-26, compared to Rs 28.16 crore in the same period last year.

Consolidated revenue from operations surged 155% YoY to Rs 603 crore, up from Rs 236 crore in Q1FY25, driven by strong EPC project execution and higher power sales.

Following the Q1 FY26, shares of Waaree Renewable Technologies Ltd fell 1.62 per cent on BSE to trade at Rs 1184.05 apiece. The scrip earlier opened at Rs 1233.85 apiece compared to the previous day close at Rs 1203.50 apiece.

Shares gained 18 per cent in the past five sessions.

Waaree Renewable Technologies Ltd has a market cap of Rs 12343 crore. Its IPO came last year.

EBITDA (calculated as PBT + finance cost + depreciation – other income) stood at approximately Rs 113.97 crore, registering a jump of over 191% YoY from Rs 39.17 crore in the same period last year. Improved project scale and operating efficiency helped boost margins.

Basic earnings per share (EPS) rose sharply from Rs 2.72 to Rs 8.29, reflecting stronger bottom-line performance.

Despite a one-time exceptional charge of Rs 4.02 crore related to GST interest, the company posted a profit before tax (PBT) of Rs 116.57 crore, up from Rs 39.27 crore in Q1FY25.

Segment-wise, revenue from EPC contracts rose from Rs 228.66 crore to Rs 594.40 crore—a growth of nearly 160%. Power sales also increased by over 14%, from Rs 7.70 crore to Rs 8.79 crore.

On the strategic front, WRTL announced an investment of Rs 7.98 crore for a 3.23% stake in Smart Joules Pvt Ltd, marking its expansion into energy efficiency alongside renewables.

The Company offers energy savings by providing cooling solutions to building and factories.

Investment is part of WRTL’ s strategic initiative to expand its presence and strengthen its capabilities across the renewable energy and energy efficiency ecosystem. SJPL operates in a complementary sector aligned with WRTL’ s long-term vision of integrated clean energy solutions.

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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