Waaree Renewable Technologies Ltd

Waaree Renewable Technologies has been awarded Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works of Ground Mount Solar Power Project of 28.60 MWac/ 39.80MWp on a turnkey basis. The value of the project is Rs 96.51 crore. Powered by Capital Market - Live

Under the contract, the company will execute a 28.60 MWac / 39.80 MWp solar project on a turnkey basis. The project is scheduled to be completed during FY27, in line with the terms of the order. The order has been awarded by a domestic entity and does not involve any related-party transaction. Additionally, the promoters and promoter group companies of Waaree Renewable Technologies do not have any interest in the awarding entity. This order further strengthens Waaree Renewable Technologies' presence in the renewable energy EPC segment and underscores its growing execution capabilities in large-scale solar projects. Waaree Renewable Technologies, based in Mumbai, is a subsidiary of the Waaree Group and leads the group's Solar EPC operations. In addition to engineering, procurement, and construction, the company develops, finances, builds, owns, and operates solar power projects as part of its long-term investment approach. The company's consolidated net profit surged 117.2% to Rs 116.30 crore on 47.7% jump in net sales to Rs 774.78 crore in Q2 FY26 over Q2 FY25. Powered by Capital Market - Live

Waaree Renewable Technologies has received an enhancement in the capacity under the existing contract from from 30 MWp to 35 MWp for the execution of Engineering, Procurement, and Construction (EPC) works for a Ground mount solar power project including Operation and Maintenance (O&M). The commercial order has been enhanced from Rs. 90.29 crore to Rs.102.93 Cr. (Exclusive of taxes). Thereby enhancement of Rs. 12.64 crore. Powered by Capital Market - Live

The commercial order has been enhanced from Rs 90.29 crore to Rs 102.93 crore (exclusive of taxes), an increase of Rs 12.64 crore, with all other terms and conditions of the contract remaining unchanged. Originally planned at 30 MWp, the project is now scheduled for completion in FY 2026-27. The company confirmed that neither its promoters nor promoter group have any interest in the entity awarding the order, and the contract does not qualify as a related party transaction. Waaree Renewable Technologies, based in Mumbai, is a subsidiary of the Waaree Group and leads the group's Solar EPC operations. In addition to engineering, procurement, and construction, the company develops, finances, builds, owns, and operates solar power projects as part of its long-term investment approach. The company's consolidated net profit surged 117.2% to Rs 116.30 crore on 47.7% jump in net sales to Rs 774.78 crore in Q2 FY26 over Q2 FY25. Shares of Waaree Renewable Technologies rose 0.70% to Rs 952.10 on the BSE. Powered by Capital Market - Live

Waaree Renewable Technologies has received an enhancement in the scope of work under the existing contract for the execution of Engineering, Procurement, and Construction (EPC) works for a Solar Power Plant of 980 MWp / 700 MWac capacity on a turnkey basis. The scope under the commercial order has been enhanced by Rs. 27.22 crore totalling to Rs.1017.82 crore (Inclusive of taxes). All the terms and conditions of the contract remains same.Powered by Capital Market - Live

Waaree Renewable Technologies has been awarded Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works of Ground Mount Solar Power Project of 150 MWac/ 217.5 MWp. Powered by Capital Market - Live

Subex Ltd, Jubilant Ingrevia Ltd, C.E. Info Systems Ltd and KFin Technologies Ltd are among the other gainers in the BSE's 'A' group today, 13 October 2025.Waaree Renewable Technologies Ltd surged 9.20% to Rs 1239 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 17.59 lakh shares were traded on the counter so far as against the average daily volumes of 80278 shares in the past one month. Subex Ltd soared 7.29% to Rs 14.13. The stock was the second biggest gainer in 'A' group. On the BSE, 11.54 lakh shares were traded on the counter so far as against the average daily volumes of 2.25 lakh shares in the past one month. Jubilant Ingrevia Ltd spiked 6.89% to Rs 695.7. The stock was the third biggest gainer in 'A' group. On the BSE, 85869 shares were traded on the counter so far as against the average daily volumes of 9900 shares in the past one month. C.E. Info Systems Ltd gained 5.98% to Rs 1805. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.29 lakh shares were traded on the counter so far as against the average daily volumes of 2604 shares in the past one month. KFin Technologies Ltd spurt 5.09% to Rs 1127. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.23 lakh shares were traded on the counter so far as against the average daily volumes of 47387 shares in the past one month. Powered by Capital Market - Live

Profit before tax (PBT) soared 125.9% to Rs 156.56 crore in Q2 FY26 compared with Rs 69.30 crore posted in corresponding quarter last year. EBITDA stood at Rs 157.94 crore in Q2 FY26, registering the growth of 120.69% compared with Rs 71.57 crore in Q2 FY25. EBITDA margin expanded to 20.39% in Q2 FY26 as against 13.65% in Q2 FY25. On half year basis, the company's consolidated net profit surged 148.21% to Rs 202.73 crore in H1 FY26, compared with Rs 81.68 crore in H1 FY25. Revenue from operations jumped 81.12% YoY to Rs 1,377.97 crore in H1 FY26. Manmohan Sharma, CFO, Waaree Renewable Technologies, said: 'We are pleased to report highest ever quarterly revenue of Rs.774.78 crores for Q2 FY26, compared to Rs.524.47 crores in Q2 FY25, delivering a robust growth of 47.73%. The substantial growth in the numbers is a result of our execution capabilities and increasing sector performance. India's renewable energy momentum continues to build, with total installed capacity reaching 256.1 GW as of September 2025 marking a significant milestone in its clean energy transition reaching halfway to the 500 GW target of 2030 and further aligning with India's long-term net-zero vision. Solar energy accounts for 127.33 GW of the total renewable installed capacity, underscoring its pivotal role in the country's clean energy transition, driven by robust policy support, and ambitious national targets. India's solar EPC sector is also rapidly evolving and our integrated capabilities place us at the forefront of this transformation. With a robust solar EPC unexecuted orderbook of 3.48 GWp, we are strategically positioned to execute large-scale, integrated energy projects and lead India's energy transition by serving value across the lifecycle from design and delivery to commissioning and O&M. Further the company is also building substation and transmission line for specific solar power project.' Waaree Renewable Technologies, based in Mumbai, is a subsidiary of the Waaree Group and leads the group's Solar EPC operations. In addition to engineering, procurement, and construction, the company develops, finances, builds, owns, and operates solar power projects as part of its long-term investment approach.Powered by Capital Market - Live

Net profit of Waaree Renewable Technologies rose 117.22% to Rs 116.30 crore in the quarter ended September 2025 as against Rs 53.54 crore during the previous quarter ended September 2024. Sales rose 47.73% to Rs 774.78 crore in the quarter ended September 2025 as against Rs 524.47 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales774.78524.47 48 OPM %20.3913.65 - PBDT158.7570.88 124 PBT156.5669.30 126 NP116.3053.54 117 Powered by Capital Market - Live

Waaree Renewable Techs. will hold a meeting of the Board of Directors of the Company on 10 October 2025.Powered by Capital Market - Live