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Waaree Renewable Technologies Limited Q2 FY27 earnings call summary

NSE: WAAREERTL · BSE: 534618

Earnings call of 21 Oct 2026, summarised by AI from the filing.

Q2 FY27 revenue ₹1,057.84 cr, up 36.53%, with EBITDA margin at 15.12% and management guiding to more than 15% margin for FY27.

Key takeaways

  1. Margin guidance Management expects to maintain margin of more than 15% for FY27, with solar EPC above T&D.
  2. Execution drop Q2 solar EPC execution fell to 456 MWp from higher levels, on land handover delays at the developer end.

Original filing on BSE

Waaree Renewable Technologies Limited Q2 FY27 results

As filed: Revenue ₹1,058 cr (+37% year on year), EBITDA ₹160 cr (+1% year on year), PAT ₹81.5 cr (−30% year on year), EBITDA margin 15.1% (−539 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: 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). Score 83 of 100, Above trend. EBITDA margin fell 80 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 16% from last quarter. Share price after the results: −14.1% in 30 days (Nifty 500: +1.7%).
  • 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

Figures from the company's filings with NSE and BSE. Not investment advice.