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Business & Stocks Economic Times Markets • Oct 19, 2026

Waaree Renewable Technologies Ltd Share Price Focus: Q2 Net Profit Falls 29% to Rs 81 Crore on Surging Expenses

💡 Key Takeaways

•Waaree Renewable Technologies reported a 29 percent YoY drop in Q2 net profit to Rs 81.48 crore.
•Surging operational expenses exerted downward pressure on bottom-line profitability despite robust top-line revenue expansion.
•The company maintains an unexecuted order book exceeding Rs 5,500 crore alongside a healthy bidding pipeline for future growth.

NEW DELHI [NCRBuzz Wire] — ### Financial Performance Overview

**Waaree Renewable Technologies registered a 29 percent decline in its consolidated net profit, dropping to Rs 81.48 crore for the second quarter ending September.** This compares against a net profit of Rs 116.36 crore recorded in the corresponding period of the previous fiscal year, weighed down by escalating operational expenses.

### Revenue and Operational Metrics

**Operating revenue experienced a notable expansion, reaching Rs 1,057.84 crore for the quarter under review.** The top-line growth was supported by sustained execution capabilities, although surging input and operating costs compressed overall profitability margins.

| Metric / Aspect | Details |

|---|---|

| Q2 FY25 Net Profit | Rs 81.48 crore |

| Q2 FY24 Net Profit | Rs 116.36 crore |

| YoY Profit Growth | -29 percent |

| Q2 Revenue | Rs 1,057.84 crore |

| Unexecuted Order Book | Exceeding Rs 5,500 crore |

### Future Outlook and Execution Pipeline

**The company maintains a strong revenue visibility backed by an unexecuted order book exceeding Rs 5,500 crore and an active bidding pipeline.** Management continues to focus on long-term value creation through enhanced operational efficiencies and aggressive scaling across renewable energy segments.

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🏛️ Background Context

The Indian renewable energy sector has witnessed rapid growth propelled by aggressive government targets of achieving 500 GW of non-fossil fuel capacity by 2030. Companies operating in solar EPC and equipment manufacturing, such as Waaree, frequently navigate volatile raw material costs and intense competitive bidding while managing large order execution pipelines.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What was the net profit of Waaree Renewable Technologies for Q2 FY25?

The consolidated net profit for the quarter ending September stood at Rs 81.48 crore, marking a 29 percent YoY decline from Rs 116.36 crore.

Q2: What drove the revenue growth during the quarter?

Revenues rose to Rs 1,057.84 crore, supported by a robust bidding pipeline and project execution momentum despite surging expenses.

Q3: What is the current size of the company's unexecuted order book?

Waaree Renewable Technologies maintains a strong unexecuted order book exceeding Rs 5,500 crore.

Verified Wires: Economic Times Markets Original Wire Dispatch ↗

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