Waaree Energies quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	7,518	6,066	+23.9%
EBITDA	1,335	1,406	−5.1%
EBITDA margin	17.8%	23.2%	−5.4 pts
Profit before tax	1,030	1,231	−16.4%
Net profit	754	878	−14.2%
EPS	₹24.98	₹29.33	−14.8%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024

Expenses
	7,518	7,932	8,480	7,565	6,066	4,426	4,004	3,457	3,574
	147	171	180	196	161	171	137	88.0	89.1
	7,665	8,103	8,660	7,761	6,227	4,597	4,141	3,545	3,663
	4,715	4,844	6,739	4,011	3,199	2,962	2,410	1,908	2,149
	511	525	−256	297	933	614	265	327	475
	−62.1	97.4	−703	−85.5	−407	−760	−65.0	128	79.7
	184	170	144	168	153	135	103	85.2	66.8
	105	70.4	47.9	93.3	96.1	43.3	56.7	30.8	30.8
	347	330	301	267	240	182	153	89.0	84.3
	834	855	980	1,246	782	477	369	287	279
	6,635	6,892	7,252	5,997	4,995	3,654	3,291	2,855	3,165
	1,335	1,440	1,577	1,928	1,406	997	923	722	525
	988	1,110	1,276	1,661	1,167	815	769	633	441
Profit
	1,030	1,210	1,408	1,764	1,231	943	849	690	499
	0.0	0.0	0.0	−295	0.0	0.0	−4.0	0.0	0.0
	1,030	1,210	1,408	1,469	1,231	943	845	690	499
	213	298	295	384	298	216	178	152	140
	63.1	20.7	−13.5	−21.9	55.4	−46.0	23.2	31.1	−17.3
	276	319	282	362	353	170	201	183	123
	754	892	1,126	1,107	878	773	644	507	376
	754	892	1,126	1,107	878	773	644	507	376
	18.1	0.0	4.8	9.4	−4.5	−11.9	−0.5	2.8	−1.0
	772	892	1,131	1,116	874	761	644	510	375
	719	850	1,061	—	843	745	619	493	362
	35.0	41.7	65.2	−0.1	35.7	27.7	25.6	14.2	14.0
Per share
	₹24.98	₹29.56	₹36.91	₹36.95	₹29.33	₹25.94	₹21.59	₹18.41	₹13.75
	₹24.94	₹29.50	₹36.84	₹36.89	₹29.27	₹25.84	₹21.51	₹18.33	₹13.71
Other comprehensive income — detail
	18.1	0.0	4.8	9.4	−4.5	−11.9	−0.5	—	—
	18.1	0.0	0.9	0.4	−2.2	0.3	2.9	2.8	−1.0
	0.1	0.0	0.2	0.1	−0.5	0.1	0.7	—	—
	0.1	—	4.2	9.2	−2.9	−12.2	−2.7	—	—
	737	850	1,066	1,072	838	733	618	495	361
	35.0	41.7	65.2	44.2	35.6	27.7	25.6	14.2	14.0
Per share — as-filed variants
	₹24.98	₹29.56	₹36.91	₹36.95	₹29.33	₹25.94	₹21.59	₹18.41	₹13.75
	₹24.94	₹29.50	₹36.84	₹36.89	₹29.27	₹25.84	₹21.51	₹18.33	₹13.71
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	2,354	2,465	2,701	3,342	2,341	1,609	1,395	1,094	870
	31.3%	31.1%	31.8%	44.2%	38.6%	36.4%	34.8%	31.6%	24.4%
Adjusted (ex-exceptional items) — derived
	1,030	1,210	1,408	1,764	1,231	943	849	690	499
	0.0	0.0	0.0	−295	0.0	0.0	−4.0	0.0	0.0
	754	892	1,126	1,329	878	773	648	507	376
	₹24.98	₹29.56	₹36.91	₹44.36	₹29.33	₹25.94	₹21.69	₹18.41	₹13.75

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

WAAREEENER₹2,318.00

Waaree Energies Ltd.

· Capital Goods & Defence

Annual Quarterly₹ CrorePeersPREMIERENE VIKRAMSOLR WEBELSOLAR SUPREMEIND ASTRAL BDL POWERINDIA COCHINSHIPMcap ₹66,677 Cr

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In ₹ Crore except Per Share 3 Months Ending	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	3,574.4	3,457.3	4,003.9	4,425.8	6,065.6	7,565.1	8,480.3	7,931.8	7,517.7
Other Income	89.1	88.0	137.0	171.4	160.9	196.2	179.7	170.8	147.1
Total Income	3,663.5	3,545.3	4,140.9	4,597.2	6,226.5	7,761.2	8,660.0	8,102.6	7,664.8
Expenses
+ Cost of Materials Consumed	2,148.9	1,908.5	2,409.6	2,962.4	3,199.0	4,010.9	6,738.6	4,843.9	4,715.3
+ Purchases of Stock-in-Trade	475.4	327.2	264.7	614.0	932.6	297.5	-256.4	525.5	510.8
+ Changes in Inventories	79.7	127.8	-65.0	-760.1	-406.8	-85.5	-702.6	97.4	-62.1
+ Employee Benefit Expense	66.8	85.2	102.9	135.3	152.5	167.8	143.7	169.9	184.1
+ Finance Costs	30.8	30.8	56.7	43.3	96.1	93.3	47.9	70.4	105.3
+ Depreciation & Amortisation	84.3	89.0	153.4	182.1	239.8	267.3	300.6	330.0	347.3
+ Other Expenses	278.9	286.9	369.1	476.9	781.9	1,246.2	980.2	855.2	834.4
Total Expenses	3,164.6	2,855.5	3,291.4	3,653.8	4,995.1	5,997.4	7,252.0	6,892.2	6,635.1
EBITDA	524.9	721.7	922.6	997.3	1,406.4	1,928.2	1,576.8	1,439.9	1,335.2
EBIT	440.6	632.7	769.2	815.3	1,166.6	1,660.9	1,276.1	1,109.9	987.9
Profit
PBT before Exceptional Items	498.8	689.8	849.5	943.4	1,231.5	1,763.8	1,408.0	1,210.4	1,029.8
+ Exceptional Items	0.0	0.0	-4.0	0.0	0.0	-294.8	0.0	0.0	0.0
Pretax Income	498.8	689.8	845.5	943.4	1,231.5	1,469.0	1,408.0	1,210.4	1,029.8
+ Current Tax	140.5	151.9	177.8	216.4	297.9	384.1	295.2	297.8	213.0
+ Deferred Tax	-17.3	31.1	23.2	-46.0	55.4	-21.9	-13.5	20.7	63.1
Tax Expense	123.2	182.9	201.0	170.5	353.3	362.2	281.7	318.5	276.1
Net Income	375.7	506.9	644.5	772.9	878.2	1,106.8	1,126.3	891.9	753.6
+ Net Income — Continuing Ops	375.7	506.9	644.5	772.9	878.2	1,106.8	1,126.3	891.9	753.6
+ Other Comprehensive Income	-1.0	2.8	-0.5	-11.9	-4.5	9.4	4.8	0.0	18.1
Total Comprehensive Income	374.6	509.7	643.9	761.0	873.7	1,116.2	1,131.1	891.9	771.7
Net Income to Common	361.7	492.7	618.9	745.2	842.6	—	1,061.1	850.2	718.7
Minority Interest	14.0	14.2	25.6	27.7	35.7	-0.1	65.2	41.7	35.0
Per Share
Basic EPS	13.75	18.41	21.59	25.94	29.33	36.95	36.91	29.56	24.98
Diluted EPS	13.71	18.33	21.51	25.84	29.27	36.89	36.84	29.50	24.94
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	-0.5	-11.9	-4.5	9.4	4.8	0.0	18.1
+ Items NOT to be Reclassified to P&L	-1.0	2.8	2.9	0.3	-2.2	0.4	0.9	0.0	18.1
+ Tax on Items NOT to be Reclassified	—	—	0.7	0.1	-0.5	0.1	0.2	0.0	0.1
+ Items to be Reclassified to P&L	—	—	-2.7	-12.2	-2.9	9.2	4.2	—	0.1
Comprehensive Income — Owners of Parent	360.6	495.5	618.4	733.3	838.1	1,072.0	1,065.9	850.3	736.7
Comprehensive Income — Non-controlling Interests	14.0	14.2	25.6	27.7	35.6	44.2	65.2	41.7	35.0
Per Share — as-filed variants
Basic EPS — Continuing Operations	13.75	18.41	21.59	25.94	29.33	36.95	36.91	29.56	24.98
Diluted EPS — Continuing Operations	13.71	18.33	21.51	25.84	29.27	36.89	36.84	29.50	24.94
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	870.5	1,093.8	1,394.6	1,609.5	2,340.8	3,342.2	2,700.7	2,465.0	2,353.7
Gross Margin %	24.35	31.64	34.83	36.36	38.59	44.18	31.85	31.08	31.31
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	498.8	689.8	849.5	943.4	1,231.5	1,763.8	1,408.0	1,210.4	1,029.8
− Exceptional Items (reconciliation)	0.0	0.0	-4.0	0.0	0.0	-294.8	0.0	0.0	0.0
Net Income Adj (tax-effected)	375.7	506.9	647.5	772.9	878.2	1,328.9	1,126.3	891.9	753.6
EPS Adj	13.75	18.41	21.69	25.94	29.33	44.36	36.91	29.56	24.98
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Paid Up Equity Capital	263.3	287.3	287.3	287.3	287.6	287.6	287.7	287.7	287.7

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Waaree Energies Q2 FY27 results (July–September 2026)

Waaree Energies (NSE: WAAREEENER) reported its Q2 FY27 results (July–September 2026). Consolidated net profit attributable to shareholders was ₹719 crore, down 14.7% from ₹843 crore in Q2 FY26 and down 15.5% from ₹850 crore in Q1 FY27. Revenue from operations was ₹7,518 crore, up 23.9% year on year and down 5.2% from the previous quarter.

Q2 FY26 results (a year earlier): 16 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹719 Cr−14.7% vs Q2 FY26−15.5% vs Q1 FY27Total incl. minority interest ₹754 Cr
Revenue from operations: ₹7,518 Cr+23.9% vs Q2 FY26−5.2% vs Q1 FY27
Operating margin (EBIT): 13.1%−6.1 pts vs Q2 FY26−0.9 pts vs Q1 FY27EBIT ₹988 Cr
EBITDA: ₹1,335 Cr−5.1% vs Q2 FY26−7.3% vs Q1 FY27margin 17.8%
Earnings per share (basic): ₹24.98−14.8% vs Q2 FY26−15.5% vs Q1 FY27
Net profit margin: 9.6%−4.3 pts vs Q2 FY26−1.2 pts vs Q1 FY27

Questions

What was Waaree Energies' net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹719 crore, down 14.7% from ₹843 crore in Q2 FY26 and down 15.5% from ₹850 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹754 crore.

How were Waaree Energies' Q2 FY27 results?

Revenue grew from a year earlier while net profit fell: revenue was up 23.9% at ₹7,518 crore, and net profit was down 14.7% at ₹719 crore. The operating margin was 13.1%, down 6.1 percentage points from 19.2% a year earlier. Against Q1 FY27, net profit was down 15.5% and revenue down 5.2%.

What was Waaree Energies' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹988 crore, a margin of 13.1%, against 14.0% in Q1 FY27 and 19.2% in Q2 FY26. EBITDA was ₹1,335 crore, 17.8% of revenue.

What was Waaree Energies' revenue in Q2 FY27?

Revenue from operations was ₹7,518 crore, up 23.9% year on year and down 5.2% from the previous quarter.

What was Waaree Energies' EPS in Q2 FY27?

Basic earnings per share were ₹24.98, against ₹29.33 in Q2 FY26.

What was Waaree Energies' net profit in FY26?

Consolidated net profit attributable to shareholders was ₹3,711 crore in FY26 (April 2025–March 2026), down 60.8% from ₹9,479 crore in FY25.

What was Waaree Energies' net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹1,569 crore, down 1.2% from ₹1,588 crore in the same months a year earlier. Revenue from operations was ₹15,450 crore, up 47.3%.

What is Waaree Energies' net profit margin?

Waaree Energies' net profit margin was 9.6% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 13.9% in Q2 FY26 (down 4.3 percentage points). For FY26 as a whole it was 14.0%.

When will Waaree Energies announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

How has Waaree Energies' profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹1,107 crore in Q3 FY26, ₹1,061 crore in Q4 FY26, ₹850 crore in Q1 FY27 and ₹719 crore in Q2 FY27. That is ₹3,737 crore over the four quarters, up 38.4% from ₹2,699 crore in the four quarters before. Revenue from operations: ₹7,565 crore, ₹8,480 crore, ₹7,932 crore and ₹7,518 crore.

What was Waaree Energies' revenue in FY26?

Revenue from operations was ₹26,537 crore in FY26 (April 2025–March 2026), up 83.7% from ₹14,445 crore in FY25.

Where do these Waaree Energies figures come from?

From Waaree Energies' own consolidated results filings to NSE, in ₹ crore as filed. Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.