Waaree Renewable Technologies Limited Q2 FY26 earnings call summary

Earnings call of 13 Oct 2025, summarised by AI from the filing.

EBITDA margin expected to remain more than 15% for FY26.

Key takeaways

1. Margin guidance EBITDA margin expected to remain more than 15% for FY26.
2. Order book Unexecuted order book at 3.48 GWp, up from 3.15 GWp last quarter.
3. Execution H1 FY26 execution of 1,621 MWp exceeds full-year FY25 execution.
4. Competition Competition in EPC may pressure margins; management selects orders based on risk-reward.

Original filing on BSE

Waaree Renewable Technologies Limited Q1 FY27 results

As filed: Revenue ₹924 cr (+53% year on year), EBITDA ₹173 cr (+47% year on year), PAT ₹119 cr (+38% year on year), EBITDA margin 18.8% (−80 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹1,102 cr (+131% year on year), EBITDA ₹207 cr (+64% year on year), PAT ₹156 cr (+66% year on year), EBITDA margin 18.8% (−766 bps). Score 85 of 100, Above trend. EBITDA margin fell 766 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −11.1% in 29 days (Nifty 500: −0.6%).
• Q3 FY26: Revenue ₹851 cr, EBITDA ₹159 cr, PAT ₹122 cr, EBITDA margin 18.7%. Not scored. No result for the same quarter last year. Share price after the results: −7.3% in 30 days (Nifty 500: −0.7%).
• Q2 FY26: Revenue ₹775 cr, EBITDA ₹158 cr, PAT ₹117 cr, EBITDA margin 20.4%. Not scored. No result for the same quarter last year. Share price after the results: +4.2% in 28 days (Nifty 500: +0.8%).
• Q1 FY26: Revenue ₹603 cr, EBITDA ₹118 cr, PAT ₹87.0 cr, EBITDA margin 19.6%. Not scored. No result for the same quarter last year. Share price after the results: −17.1% in 28 days (Nifty 500: −3.4%).
• Q4 FY25: Revenue ₹477 cr, EBITDA ₹126 cr, PAT ₹94.0 cr, EBITDA margin 26.4%. Not scored. No result for the same quarter last year. Share price after the results: +0.2% in 30 days (Nifty 500: +6.9%).

Past price moves after results do not indicate future moves. Not a recommendation.

Waaree Renewable Technologies Limited earnings call, investor presentation and press release summaries

• Q1 FY27: Earnings call (23 Jul 2026), Results deck (22 Jul 2026)
• Q4 FY26: Earnings call (17 Apr 2026), Results deck (16 Apr 2026)
• Q3 FY26: Earnings call (16 Jan 2026), Results deck (14 Jan 2026), Results press release (14 Jan 2026)
• Q2 FY26: Earnings call (13 Oct 2025), Results deck (10 Oct 2025), Results press release (10 Oct 2025)
• Q1 FY26: Earnings call (18 Jul 2025), Results deck (17 Jul 2025), Results press release (17 Jul 2025)
• Q4 FY25: Earnings call (17 Apr 2025), Results deck (16 Apr 2025), Results press release (16 Apr 2025)