Waaree Renewable Technologies Ltd

Waaree Renewable Technologies Ltd. is currently trading at Rs 879.5, up 0.52%, while its stock has risen 0.48% over the last one week. Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, announced it has received a Letter of Award (LOA) for a solar project involving the engineering, procurement, and construction (EPC) of a 291 MWp ground-mounted solar PV project alongside a 280 MWh Battery Energy Storage System (BESS), awarded by a leading Indian thermal power generating company. The order, received on August 28, 2026, is for domestic execution and is scheduled for completion during the financial year 2027-28. The company did not disclose the specific value of the order. Waaree Renewable Technologies Ltd. shares saw a trading volume of 1.42 lakh today, a 34.57% increase compared to the average volume of the last one week. Waaree Renewable Technologies Ltd. advanced by 15.23% year-over-year, outperforming the 1.67% loss registered by the NIFTY50 index.

Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, announced that its board approved the transfer of its entire shareholding in Waaree Green Data Centers Private Limited, formerly known as Sunsantional Energy Private Limited, to its holding company, Waaree Energies Limited, for Rs 100,000, representing the face value of the shares. The transaction, which falls under related party transactions and is being conducted at arm’s length, is expected to be completed by October 31, 2026, and is in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Waaree Renewable Technologies Ltd. is currently trading at Rs 913.4, up 0.52%, while the stock has fallen 0.68% over the last one week. Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, announced it has received a Letter of Award for a ground-mounted solar PV project of 124 MWp (88 MWac) from a domestic renewable energy solutions company. The Engineering, Procurement and Construction (EPC) order, valued at Rs 124 MWp (88MWac), is scheduled for completion during the financial year 2026-27, and does not involve any related party transactions. The company received the Letter of Award on August 10, 2026. Waaree Renewable Technologies Ltd. shares saw a trading volume of 82228 today, a decrease of 22.33% from the one-week average volume. Waaree Renewable Technologies Ltd. softened by 8.53% year-over-year, underperforming the NIFTY50 index's 0.1% loss.

Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, announced it has secured a turnkey contract for the engineering, procurement, and construction (EPC) of a 210MWp (150MWac) grid-connected ground mount solar project from Solaris Horizon Energy Private Limited (SHEPL). The order, received on August 5, 2026, also includes two years of operation and maintenance services and is scheduled for completion during the financial year 2027-28. The aggregate order size is valued at 210MWp (150MWac), and SHEPL is a step-down subsidiary of Waaree Energies Limited, resulting in the transaction being classified as a related party transaction conducted at arm’s length.

Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, disclosed that its board approved the allotment of 33,425 equity shares to employees exercising vested options under the Waaree RTL ESOP-2022 plan on July 29, 2026. The allotment increased the company's paid-up share capital from Rs 20,86,91,584 divided into 10,43,45,792 shares to Rs 20,87,58,434 divided into 10,43,79,217 shares, with the exercise price per share at Rs 22.40 and a realized amount of Rs 7,48,720.

The first project is a 400 MWac / 530 MWp plant, while the second is a 400 MWac / 552 MWp plant. Together, the orders aggregate 800 MWac / 1,082 MWp. According to the company, the projects are scheduled to be completed during FY2027-28, in line with the terms of the contracts. The orders have been awarded by a domestic entity and are commercial in nature. Waaree Renewable Technologies clarified that neither the promoter group nor group companies have any interest in the awarding entity, and the contracts do not fall under related-party transactions. The order win strengthens Waaree Renewable Technologies' EPC order book and reinforces its position in India's utility-scale solar infrastructure segment. Waaree Renewable Technologies Limited (WRTL) is a subsidiary company of Waaree Group and spearheading the Solar EPC business. We are also a solar developer that finances, constructs, owns and operates solar projects. Headquartered in Mumbai, we operate across geographies, focusing on longterm investments within the commercial and industrial customer segments. The company reported a 25.58% decline in consolidated net profit to Rs 115.90 crore for the quarter ended 30 June 2026, compared with Rs 155.74 crore in Q4 FY26. Revenue from operations declined 16.16% QoQ to Rs 924.25 crore in the quarter ended 30 June 2026. On a year-on-year basis, however, the company posted strong growth, with net profit rising 34.08% and revenue increasing 53.22%. Shares of Waaree Renewable Technologies fell 1.17% to Rs 933.80 on the BSE.Powered by Capital Market - Live

Revenue from operations declined 16.16% QoQ to Rs 924.25 crore in the quarter ended 30 June 2026. On a year-on-year basis, however, the company posted strong growth, with net profit rising 34.08% and revenue increasing 53.22%. Profit before tax (PBT) stood at Rs 163.39 crore in Q1 FY27, down 21.48% sequentially but up 40.16% from the year-ago period. EBITDA rose 47.58% YoY to Rs 173.48 crore from Rs 117.55 crore in Q1 FY26, reflecting improved operational performance. The company said its consolidated unexecuted order book remains above Rs 5,300 crore. It also highlighted a strong bidding pipeline comprising more than 37 GWp of solar projects, over 10 GWh of battery energy storage system (BESS) projects, and transmission and distribution (T&D) opportunities worth over Rs 20,000 crore. During the quarter, Waaree Renewable secured a 1,520 MWh BESS order and a 450 MWp ground-mounted solar EPC project. The company also completed the acquisition of a 55% equity stake in Associated Power Structures Pvt. Ltd., strengthening its presence in the transmission and distribution segment. Manmohan Sharma, CFO, Waaree Renewable Technologies, said, The global business environment continues to face multiple challenges, including geopolitical tensions tariff uncertainties supply chain adjustments and regional conflicts. Despite these headwinds, we are pleased to begin FY27 on a strong note, with consolidated revenue for Q1 FY27 at Rs 924.25 crore compared to Rs 603.19 crore in Q1 FY26, reflecting a robust growth of 53.23%. This performance was driven by steady execution across our EPC portfolio, efficient resource deployment, and a sustained focus on disciplined project delivery. India's installed renewable energy capacity stood at over 288 GW as of June 2026, with solar capacity crossing 162 GW and remaining the leading driver of the country's clean energy transition. With India targeting 500 GW of non-fossil fuel capacity by 2030, there remains a significant pipeline of projects yet to be built, providing a strong runway for utility-scale renewable development. Beyond this, BESS EPC and hybrid renewables represent an emerging growth opportunity, supported by rising demand for grid stability and round-the-clock clean power. During the quarter, we completed the acquisition of a 55% stake in Associated Power Structures Pvt. Ltd. This strengthens our capabilities in transmission and distribution (T&D), enabling us to offer integrated solutions while continuing to expand our renewable EPC business in a disciplined and scalable manner. Backed by a healthy unexecuted order book of Rs. 5,300+ crores, WRTL remains well positioned for sustained growth, supported by expanding O&M capabilities. Supported by a strong execution track record and expanding capabilities, we remain confident in our long-term growth strategy. We will continue to focus on disciplined execution, operational excellence, and delivering sustainable value to our stakeholders. Waaree Renewable Technologies Limited (WRTL) is a subsidiary company of Waaree Group and spearheading the Solar EPC business. We are also a solar developer that finances, constructs, owns and operates solar projects. Headquartered in Mumbai, we operate across geographies, focusing on longterm investments within the commercial and industrial customer segments. Powered by Capital Market - Live

Net profit of Waaree Renewable Technologies rose 34.08% to Rs 115.90 crore in the quarter ended June 2026 as against Rs 86.44 crore during the previous quarter ended June 2025. Sales rose 53.23% to Rs 924.25 crore in the quarter ended June 2026 as against Rs 603.19 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales924.25603.19 53 OPM %18.7719.49 - PBDT169.17118.81 42 PBT163.39116.57 40 NP115.9086.44 34 Powered by Capital Market - Live

Waaree Renewable Techs. will hold a meeting of the Board of Directors of the Company on 22 July 2026.

The revised order pertains to the execution of Engineering, Procurement and Construction (EPC) works for a solar power project with a capacity of 980 MWp / 700 MWac. Following the enhancement, the contract value has increased by Rs 30.91 crore, taking the total order size to Rs 1,044.69 crore, inclusive of taxes. The company clarified that while the commercial value of the contract has increased, the aggregate project capacity remains unchanged at 980 MWp / 700 MWac, as originally disclosed on 20 February 2024. All other terms and conditions of the contract remain unchanged. The execution timeline will be mutually decided between the parties. WRTL further stated that the contract does not qualify as a related-party transaction and that neither the company's promoters nor promoter group entities have any interest in the awarding entity. The company clarified that the contract does not constitute a related-party transaction and that neither its promoters nor promoter group entities have any interest in the award. Waaree Renewable Technologies (WRTL) is a subsidiary company of the Waaree Group and is spearheading the Solar EPC business. We are also a solar developer that finances, constructs, owns, and operates solar projects. Headquartered in Mumbai, we operate across geographies, focusing on long-term investments within the commercial and industrial customer segments. On the financial front, the company reported a 66.02% year-on-year increase in consolidated net profit to Rs 155.74 crore for the quarter ended March 2026, compared with Rs 93.81 crore in the corresponding quarter of the previous year. Consolidated revenue from operations surged 131.31% to Rs 1,102.40 crore from Rs 476.58 crore reported in the quarter ended March 2025. Powered by Capital Market - Live