| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,058 | 775 | +36.5% |
| EBITDA | 160 | 158 | +1.3% |
| EBITDA margin | 15.1% | 20.4% | −5.3 pts |
| Profit before tax | 105 | 157 | −32.7% |
| Net profit | 81.5 | 116 | −30.0% |
| EPS | ₹7.07 | ₹11.16 | −36.6% |
| 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 |
|---|
| 1,058 | 924 | 1,102 | 851 | 775 | 603 | 477 | |
| 9.2 | 5.3 | 6.0 | 5.1 | 4.4 | 4.8 | 4.9 | |
| 1,067 | 930 | 1,108 | 856 | 779 | 608 | 481 | |
Expenses | |||||||
| 673 | 706 | 871 | 673 | 592 | 470 | 335 | |
| 136 | 13.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| 33.3 | 16.0 | 12.8 | 13.6 | 13.2 | 9.3 | 7.5 | |
| 36.8 | 9.6 | 2.7 | 3.4 | 3.6 | 3.6 | 4.4 | |
| 27.0 | 5.8 | 2.1 | 2.1 | 2.2 | 2.2 | 1.6 | |
| 55.4 | 15.1 | 12.0 | 5.6 | 12.0 | 6.3 | 7.8 | |
| 962 | 766 | 900 | 698 | 623 | 491 | 356 | |
| 160 | 173 | 207 | 159 | 158 | 118 | 126 | |
| 133 | 168 | 205 | 157 | 156 | 115 | 125 | |
Profit | |||||||
| 105 | 163 | 208 | 158 | 157 | 117 | 125 | |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −4.0 | |
| 105 | 163 | 208 | 158 | 157 | 117 | 121 | |
| 27.5 | 40.7 | 54.1 | 37.1 | 39.2 | 28.8 | 24.5 | |
| −3.7 | 3.7 | −1.7 | 1.1 | 1.0 | 1.4 | 2.9 | |
| 23.9 | 44.4 | 52.4 | 38.2 | 40.2 | 30.2 | 27.4 | |
| 81.5 | 119 | 156 | 120 | 116 | 86.4 | 93.8 | |
| 81.5 | 119 | 156 | 120 | 116 | 86.4 | 93.8 | |
| 0.2 | 0.0 | 0.2 | −0.4 | −0.3 | 0.0 | 0.1 | |
| 81.7 | 119 | 156 | 120 | 116 | 86.4 | 93.9 | |
| 73.9 | 116 | 156 | — | 116 | 86.4 | 93.8 | |
| 7.6 | 3.1 | 0.0 | — | 0.0 | −0.1 | −0.0 | |
Per share | |||||||
| ₹7.07 | ₹11.11 | ₹14.96 | ₹11.50 | ₹11.16 | ₹8.29 | ₹9.00 | |
| ₹7.07 | ₹11.09 | ₹14.94 | ₹11.50 | ₹11.13 | ₹8.27 | ₹8.98 | |
Other comprehensive income — detail | |||||||
| 0.2 | 0.0 | 0.2 | −0.4 | −0.3 | — | 0.1 | |
| 0.3 | — | — | −0.6 | −0.4 | — | 0.2 | |
| 0.1 | −0.0 | −0.3 | −0.1 | 0.0 | — | 0.0 | |
| −0.0 | — | — | — | — | — | — | |
| 0.0 | 0.0 | 0.1 | — | −0.1 | — | — | |
| 74.1 | 116 | 0.2 | — | 116 | 86.4 | 94.0 | |
| 7.6 | 3.1 | — | — | 0.0 | −0.1 | −0.0 | |
Per share — as-filed variants | |||||||
| ₹7.07 | ₹11.11 | ₹14.96 | ₹11.50 | ₹11.16 | ₹8.29 | ₹9.00 | |
| ₹7.07 | ₹11.09 | ₹14.94 | ₹11.50 | ₹11.13 | ₹8.27 | ₹8.98 | |
Derived — gross profit (revenue − materials − purchases − Δ inventories) | |||||||
| 249 | 205 | 232 | 178 | 183 | 133 | 142 | |
| 23.5% | 22.1% | 21.0% | 20.9% | 23.6% | 22.1% | 29.7% | |
Adjusted (ex-exceptional items) — derived | |||||||
| 105 | 163 | 208 | 158 | 157 | 117 | 125 | |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −4.0 | |
| 81.5 | 119 | 156 | 120 | 116 | 86.4 | 96.9 | |
| ₹7.07 | ₹11.11 | ₹14.96 | ₹11.50 | ₹11.16 | ₹8.29 | ₹9.30 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 3 Months Ending | 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 | 476.6 | 603.2 | 774.8 | 851.1 | 1,102.4 | 924.3 | 1,057.8 | |
| Other Income | 4.9 | 4.8 | 4.4 | 5.1 | 6.0 | 5.3 | 9.2 | |
| Total Income | 481.4 | 608.0 | 779.2 | 856.2 | 1,108.4 | 929.5 | 1,067.0 | |
| Expenses | ||||||||
| + Cost of Materials Consumed | 335.0 | 470.0 | 591.7 | 673.0 | 870.8 | 705.7 | 673.5 | |
| + Changes in Inventories | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 13.9 | 135.7 | |
| + Employee Benefit Expense | 7.5 | 9.3 | 13.2 | 13.6 | 12.8 | 16.0 | 33.3 | |
| + Finance Costs | 4.4 | 3.6 | 3.6 | 3.4 | 2.7 | 9.6 | 36.8 | |
| + Depreciation & Amortisation | 1.6 | 2.2 | 2.2 | 2.1 | 2.1 | 5.8 | 27.0 | |
| + Other Expenses | 7.8 | 6.3 | 12.0 | 5.6 | 12.0 | 15.1 | 55.4 | |
| Total Expenses | 356.3 | 491.4 | 622.6 | 697.8 | 900.4 | 766.1 | 961.7 | |
| EBITDA | 126.3 | 117.5 | 157.9 | 158.8 | 206.8 | 173.5 | 160.0 | |
| EBIT | 124.7 | 115.3 | 155.8 | 156.7 | 204.7 | 167.7 | 133.0 | |
| Profit | ||||||||
| PBT before Exceptional Items | 125.2 | 116.6 | 156.6 | 158.4 | 208.1 | 163.4 | 105.4 | |
| + Exceptional Items | -4.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Pretax Income | 121.2 | 116.6 | 156.6 | 158.4 | 208.1 | 163.4 | 105.4 | |
| + Current Tax | 24.5 | 28.8 | 39.2 | 37.1 | 54.1 | 40.7 | 27.5 | |
| + Deferred Tax | 2.9 | 1.4 | 1.0 | 1.1 | -1.7 | 3.7 | -3.7 | |
| Tax Expense | 27.4 | 30.2 | 40.2 | 38.2 | 52.4 | 44.4 | 23.9 | |
| Net Income | 93.8 | 86.4 | 116.3 | 120.2 | 155.7 | 119.0 | 81.5 | |
| + Net Income — Continuing Ops | 93.8 | 86.4 | 116.3 | 120.2 | 155.7 | 119.0 | 81.5 | |
| + Other Comprehensive Income | 0.1 | 0.0 | -0.3 | -0.4 | 0.2 | 0.0 | 0.2 | |
| Total Comprehensive Income | 93.9 | 86.4 | 116.1 | 119.8 | 156.0 | 119.0 | 81.7 | |
| Net Income to Common | 93.8 | 86.4 | 116.3 | — | 155.7 | 115.9 | 73.9 | |
| Minority Interest | -0.0 | -0.1 | 0.0 | — | 0.0 | 3.1 | 7.6 | |
| Per Share | ||||||||
| Basic EPS | 9.00 | 8.29 | 11.16 | 11.50 | 14.96 | 11.11 | 7.07 | |
| Diluted EPS | 8.98 | 8.27 | 11.13 | 11.50 | 14.94 | 11.09 | 7.07 | |
| Other Comprehensive Income — detail | ||||||||
| + Other Comprehensive Income | 0.1 | — | -0.3 | -0.4 | 0.2 | 0.0 | 0.2 | |
| + Items NOT to be Reclassified to P&L | 0.2 | — | -0.4 | -0.6 | — | — | 0.3 | |
| + Tax on Items NOT to be Reclassified | 0.0 | — | 0.0 | -0.1 | -0.3 | -0.0 | 0.1 | |
| + Items to be Reclassified to P&L | — | — | — | — | — | — | -0.0 | |
| + Tax on Items to be Reclassified | — | — | -0.1 | — | 0.1 | 0.0 | 0.0 | |
| Comprehensive Income — Owners of Parent | 94.0 | 86.4 | 116.0 | — | 0.2 | 115.9 | 74.1 | |
| Comprehensive Income — Non-controlling Interests | -0.0 | -0.1 | 0.0 | — | — | 3.1 | 7.6 | |
| Per Share — as-filed variants | ||||||||
| Basic EPS — Continuing Operations | 9.00 | 8.29 | 11.16 | 11.50 | 14.96 | 11.11 | 7.07 | |
| Diluted EPS — Continuing Operations | 8.98 | 8.27 | 11.13 | 11.50 | 14.94 | 11.09 | 7.07 | |
| Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories) | ||||||||
| Gross Profit | 141.6 | 133.2 | 183.1 | 178.0 | 231.6 | 204.6 | 248.7 | |
| Gross Margin % | 29.72 | 22.08 | 23.64 | 20.92 | 21.01 | 22.14 | 23.51 | |
| Adjusted (ex-Exceptional Items) — derived | ||||||||
| Pretax Income (Adjusted, as filed) | 125.2 | 116.6 | 156.6 | 158.4 | 208.1 | 163.4 | 105.4 | |
| − Exceptional Items (reconciliation) | -4.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Net Income Adj (tax-effected) | 96.9 | 86.4 | 116.3 | 120.2 | 155.7 | 119.0 | 81.5 | |
| EPS Adj | 9.30 | 8.29 | 11.16 | 11.50 | 14.96 | 11.11 | 7.07 | |
| Other Filed Concepts — mapped but not yet placed in the schedule | ||||||||
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | |
| Paid Up Equity Capital | 20.8 | 20.8 | 20.8 | 20.9 | 20.9 | 20.9 | 20.9 | |
Filed with NSE on Monday, 19 October 2026 at 6:13 pm IST
Waaree Renewable Technologies (NSE: WAAREERTL) reported its Q2 FY27 results (July–September 2026) on Monday, 19 October 2026 at 6:13 pm IST. Consolidated net profit attributable to shareholders was ₹73.9 crore, down 36.5% from ₹116 crore in Q2 FY26 and down 36.2% from ₹116 crore in Q1 FY27. Revenue from operations was ₹1,058 crore, up 36.5% year on year and up 14.5% from the previous quarter.
Consolidated net profit attributable to shareholders was ₹73.9 crore, down 36.5% from ₹116 crore in Q2 FY26 and down 36.2% from ₹116 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹81.5 crore.
Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹190 crore, down 6.4% from ₹203 crore in the same months a year earlier. Revenue from operations was ₹1,982 crore, up 43.8%.
Waaree Renewable Technologies' net profit margin was 7.0% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 15.0% in Q2 FY26 (down 8.0 percentage points). For FY26 as a whole it was 14.4%.
Revenue from operations was ₹1,058 crore, up 36.5% year on year and up 14.5% from the previous quarter.
Basic earnings per share were ₹7.07, against ₹11.16 in Q2 FY26.
Revenue from operations was ₹3,331 crore in FY26 (April 2025–March 2026), up 108.5% from ₹1,598 crore in FY25.
Revenue grew from a year earlier while net profit fell: revenue was up 36.5% at ₹1,058 crore, and net profit was down 36.5% at ₹73.9 crore. The operating margin was 12.6%, down 7.5 percentage points from 20.1% a year earlier. Against Q1 FY27, net profit was down 36.2% and revenue up 14.5%.
Net profit attributable to shareholders by quarter: ₹120 crore in Q3 FY26, ₹156 crore in Q4 FY26, ₹116 crore in Q1 FY27 and ₹73.9 crore in Q2 FY27. That is ₹466 crore over the four quarters. Revenue from operations: ₹851 crore, ₹1,102 crore, ₹924 crore and ₹1,058 crore.
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.
Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹133 crore, a margin of 12.6%, against 18.1% in Q1 FY27 and 20.1% in Q2 FY26. EBITDA was ₹160 crore, 15.1% of revenue.
Consolidated net profit attributable to shareholders was ₹479 crore in FY26 (April 2025–March 2026), up 108.9% from ₹229 crore in FY25.
On Monday, 19 October 2026 at 6:13 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 10 October 2025.
From Waaree Renewable Technologies' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 19 October 2026). 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.