19-Oct-2026 18:04:42

WAAREERTL Q2 : CONS NET PROFIT DOWN 30% AT ₹81.48 CR (YOY), DOWN 31.5% (QOQ) (ON FIRST LOOK)

• Revenue up 36.5% at ₹1,057.84 Cr (YOY), up 14.4% (QOQ). • Profit before tax down 32.7% at ₹105.36 Cr (YOY), down 35.5% (QOQ); finance costs ₹36.83 Cr. • PBT margin 10.0% vs 20.2% (YOY), 17.7% (QOQ). • Board approved capex for 35 MWp/25 MWac IPP solar plant at Wardha, Maharashtra. • Caution: results include APSPL from 18 Jun 2026; not comparable with prior periods. Impact: Profit declined despite revenue growth, with PBT margin compression and capex approval for a solar IPP plant.

Waaree Renewable Technologies Ltd

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