The Waaree Renewable Technologies share price rallied 13.5% to an intra-day high of Rs 1,287 on the National Stock Exchange. The uptick in the share price came after the company’s consolidated net profit more than doubled to Rs 116.34 crore year-over-year in Q2 FY26 due to higher revenues. The company had posted a consolidated net profit of Rs 53.51 crore in the same quarter a year ago.
Waaree Renewable Q2: Key drivers
The EPC arm of the Waaree Group’s revenue stood at Rs 774.78 crore in Q2 FY26, as against Rs 524.47 crore in he corresponding quarter of the last fiscal year, an increase of 48% YoY.
The EBITDA came in at Rs 157.94 crores in Q2 FY26, as compared to Rs 71.57 crores reported in Q2 FY25, showing a growth of 121% YoY.
The company’s strong performance was driven by robust execution, powerful sectoral tailwinds, and continued expansion into new energy verticals, including Battery Energy Storage Systems and data centres.
Waaree Renewable Technologies order book
The company’s unexecuted order book stands at 3.48 GWp, to be executed over the next 1215 months, while its bidding pipeline remains robust at 27+ GWp, it stated.
“India’s renewable energy momentum continues to build, with total installed capacity reaching 256.1 GW as of September 2025, marking a significant milestone in its clean energy transition, reaching halfway to the 500 GW target of 2030 and further aligning with India’s long-term net-zero vision. Solar energy accounts for 127.33 GW of the total renewable installed capacity, underscoring its pivotal role in the country’s clean energy transition, driven by robust policy support and ambitious national targets,” said Manmohan Sharma, CFO, Waaree Renewable Tech.
Waaree Renewable Technologies share performance
The share price of Waaree Renewable Technologies has jumped 18.5% in the last five trading sessions. The stock has given a return of 13.35% in the past one month and 32% in the last six months. Waaree Renewable Tech’s stock price has raised investors’ wealth by over 44% since the day of its listing, April 09.
About Waaree Renewable Technologies
Waaree Renewable Tech stands among the leading players in the solar EPC space. The company has further expanded into Battery Energy Storage Systems (BESS) and data centres.