Waaree Renewable Technologies Reports Strong Q1 FY27 Results; Revenue Jumps 53.23% YoY
Waaree Renewable Technologies Limited (WRTL), a leading player in the EPC and Transmission and Distribution (T&D) space within the clean energy sector, reported unaudited financial results for the quarter ended June 30, 2026. The company demonstrated consistent growth, driven by strong execution across its portfolio, with revenue from operations reaching Rs. 924.25 crores in Q1 FY27.WRTL is an integral part of the Waaree Group and focuses on spearheading the Solar EPC business. In addition to its core renewable energy EPC services, the company is expanding its presence into adjacent segments, including T&D and Battery Energy Storage Systems (BESS) and Data Centre infrastructure projects. This strategic diversification includes the recent acquisition of a 55% equity stake in Associated Power Structures Pvt. Ltd. (APSPL), strengthening WRTL's capabilities in T&D.
Consolidated Financial Highlights for Q1 FY27
The company reported robust performance across all key financial metrics, showing double-digit growth in revenue and significant gains in EBITDA and PAT.| Particulars (In Rs. Cr) | Q1 FY27 | Q1 FY26 | Y-o-Y Change |
|---|---|---|---|
| Revenue from Operations | 924.25 | 603.19 | 53.23% |
| EBITDA | 173.48 | 117.55 | 47.58% |
| PAT | 118.97 | 86.40 | 37.70% |
Operational Strength and Order Book Position
A key indicator of the company's sustained revenue visibility is its large consolidated unexecuted order book, which stands at Rs. 5,300+ crores.The bidding pipeline remains strong across multiple sectors, including:
- Solar: Over 37 GWp
- BESS (Battery Energy Storage Systems): Over 10 GWh
- T&D: Over Rs. 20k Cr
Recent notable order wins include a 450 MWp Ground Mounted solar power project and an order for 1,520 MWh BESS.
Management Commentary
Manmohan Sharma, CFO of Waaree Renewable Technologies Limited, commented on the results, noting that despite facing global headwinds such as geopolitical tensions, tariff uncertainties, and supply chain adjustments, WRTL commenced FY27 on a strong footing.He stated that the Q1 FY27 revenue at ₹ 924.25 crores reflected robust growth fueled by steady execution of their EPC portfolio. The CFO highlighted that India's installed renewable energy capacity stood at over 288 GW as of June 2026, with solar capacity crossing 162 GW, underscoring a significant pipeline for utility-scale development projects nationally.
The acquisition of the 55% stake in Associated Power Structures Pvt. Ltd. is intended to enhance WRTL's integrated solutions offerings within the transmission and distribution sector. Backed by the unexecuted order book of Rs. 5,300+ crores, the company affirmed its commitment to disciplined execution, operational excellence, and achieving long-term growth.
WAAREERTL Stock Price Movement
On Wednesday, the stock of Waaree Renewable Technologies Limited rallied, closing at ₹1019.2 after edging up 0.7%. The share saw a volatile day, trading within a range that peaked at ₹1030 amidst a volume of 362,181 shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.