Waaree Renewable Technologies Releases Q1 FY2026 Results; Shows Strong Consolidated Profitability
Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, has announced its unaudited financial results for the three months ended June 30, 2026. The company reported consolidated and standalone performance metrics, including revenue and profitability data across its key segments.The consolidated figures reflect the integration of Associated Power Structures Private Limited (APSPL), which was acquired on June 18, 2026.
Financial Highlights (Consolidated)
For the quarter ending June 30, 2026, the company recorded a Total Operating Income of 92,425.06 Lakhs. The profit before tax from continuing operations stood at 16,339.08 Lakhs, resulting in a total comprehensive income of 47,819.30 Lakhs for the period.Key financial metrics comparing the three months ended June 30, 2026, against the prior periods are detailed below:
| Metric | Q1 FY2026 (Ended 30-06-2026) | Q4 FY2025 (Audited, Ended 31-03-2026) | Q1 FY2025 (Unaudited, Ended 30-06-2025) |
|---|---|---|---|
| Total Operating Income | 92,425.06 Lakhs | 1,10,239.65 Lakhs | 60,318.58 Lakhs |
| Profit before Tax (Continuing Operations) | 16,339.08 Lakhs | 20,808.60 Lakhs | 11,657.44 Lakhs |
| Total Comprehensive Income Attributable to Owners of the Parent | 11,590.28 Lakhs | 15,590.52 Lakhs | 47,819.30 Lakhs |
Standalone Performance and Operations
The unaudited standalone results for the quarter ended June 30, 2026, showed a Total Income of 81,133.50 Lakhs. The company reported a profit before tax from continuing operations of 15,674.26 Lakhs and a net profit for the period attributable to the Owners of the Parent of 11,448.69 Lakhs.The operational scope includes several subsidiaries such as Waasang Solar One Private Limited, Sunsational Power Private Limited, Sunsational Solar Private Limited, Sunsantional Energy Private Limited, and Associated Power Structures Private Limited (APSPL).
Segment Revenue and Business Focus
The company’s operations are divided into two primary segments: EPC Contracts for Solar Power Plants and EPC Contracts for Transmission and Distribution. The Power Sale segment also contributes to the results across all periods shown.Segment revenue data highlights are as follows:
| Segment | Q1 FY2026 Revenue (Lakhs) | Q4 FY2025 Revenue (Lakhs) | Q1 FY2025 Revenue (Lakhs) |
|---|---|---|---|
| EPC Contracts - Solar Power Plants | 80,338.90 | 1,09,732.41 | 59,439.87 |
| Power Sale Revenue | 805.00 | 507.24 | 878.71 |
| EPC Contracts - Transmission and Distribution | 11,281.16 | — | — |
Management Updates
Notes to the accounts provided context regarding strategic acquisitions and employee stock options. The results incorporate the financial metrics of APSPL (Associated Power Structures Private Limited), a subsidiary acquired on June 18, 2026, for a total consideration of 1,22,500 lakhs. It is noted that the figures for the three months ended June 30, 2026, are not comparable with previous corresponding periods due to this acquisition.Regarding employee compensation, the company also reported data on its Employees Stock Option Plan (ESOP) 2022. The ESOP charge expense was reported as follows:
| Particulars | Q1 FY2026 (Unaudited) | Q4 FY2025 (Audited) | Q1 FY2025 (Unaudited) |
|---|---|---|---|
| ESOP Charge | 11.50 Lakhs | 17.34 Lakhs | 9.66 Lakhs |
WAAREERTL Stock Price Movement
On Wednesday, shares of Waaree Renewable Technologies Limited edged higher, closing at ₹1019.2, reflecting a gain of 0.70% in the session. The equity saw active movement, trading on a volume of 362,181 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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