Waaree Renewable Technologies' Q2 FY 2025-26 Quarterly Results

Result Summary

• Waaree Renewable Technologies Ltd reported a 28.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 47.6%.
• Its expenses for the quarter were up by 26.7% QoQ and 35.8% YoY.
• The net profit increased 34.7% QoQ and increased 117.4% YoY.
• The earnings per share (EPS) of Waaree Renewable Technologies Ltd stood at 11.13 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Waaree Renewable Technologies Ltd is a prominent player in the renewable energy sector, primarily focusing on the production and distribution of photovoltaic solar panels and related technologies. The company operates within the broader renewable energy industry, which is experiencing growth due to increasing global emphasis on sustainable energy solutions. While specific recent developments for Waaree Renewable Technologies Ltd are not provided, companies in this industry are typically influenced by technological advancements, regulatory changes, and shifts in energy policies. The company’s operations are likely centered around expanding its market presence and enhancing its technological capabilities to cater to growing demand for solar energy solutions.

Revenue

In the second quarter of the fiscal year 2026, Waaree Renewable Technologies Ltd reported a total income of ₹779.21 crores. This represents a significant increase of 28.2% from the previous quarter's total income of ₹608.02 crores and a 47.6% increase from the same quarter in the previous fiscal year, where the total income was ₹527.87 crores. The substantial year-over-year and quarter-over-quarter growth reflects the company's ability to enhance its revenue streams, potentially through increased sales volume or improved pricing strategies. The revenue growth may be indicative of the company's successful execution of its business strategies in the renewable energy market.

Profitability

The profitability of Waaree Renewable Technologies Ltd has shown notable improvements over the analyzed periods. The company achieved a profit before tax of ₹156.56 crores in Q2FY26, marking a 34.3% increase from ₹116.57 crores in Q1FY26 and a remarkable 125.9% rise from ₹69.30 crores in Q2FY25. After accounting for taxes amounting to ₹40.22 crores, the profit after tax for Q2FY26 stood at ₹116.35 crores. This represents a 34.7% increase from the previous quarter's profit after tax of ₹86.39 crores, and a 117.4% increase from ₹53.52 crores in Q2FY25. These figures underscore the company's enhanced profitability, possibly due to efficient cost management or increased operational efficiency.

Operating Metrics

For the second quarter of fiscal year 2026, Waaree Renewable Technologies Ltd reported earnings per share (EPS) of ₹11.13, reflecting a 34.6% increase from ₹8.27 in the previous quarter and a 117.4% increase from ₹5.12 in the same quarter of the previous fiscal year. The total expenses for Q2FY26 were ₹622.64 crores, an increase of 26.7% from ₹491.43 crores in Q1FY26, and a 35.8% rise from ₹458.57 crores in Q2FY25. These metrics indicate the company's growth in operational scale and the successful management of its cost structure, contributing to the overall financial performance. Additionally, key financial ratios such as the P/E ratio, debt-to-equity ratio, and current ratio would provide further insights into the company's financial health, although these specific metrics are not provided in the data.