Waaree Renewable Technologies hits record revenue and PAT in Q2 FY26

Waaree Renewable Technologies Limited (WRTL) reported its unaudited financial results for the quarter and half-year ended September 30, 2025, achieving its highest-ever quarterly revenue and PAT. Revenue from operations for Q2 FY26 increased by 47.73% year-over-year to INR 774.78 crores, with PAT growing by 117.40% year-over-year to INR 116.34 crores. For H1 FY26, revenue stood at INR 1377.97 crores, an 81.12% YoY growth, and PAT reached INR 202.73 crores, up 148.21% YoY.

The company's unexecuted order book stands at 3.48 GWp, expected to be completed within 12-15 months, supported by recent wins including a 1218 MWp and a 29.4 MWp ground-mounted solar power project in Q2 FY26. The board also approved capital expenditure budgets for new IPP Solar Power Plants: two 14 MWp plants in Maharashtra and a 37.5 MWp plant in Bikaner, Rajasthan.

WRTL is expanding into Battery Energy Storage Systems (BESS) and data centers, aligning with India's clean energy transition. The company also confirmed approval of un-audited financial results and a postal ballot for amending the Employee Stock Option Plan 2022.