India's benchmark indices fell on Monday, tracking losses across Asia after the United States made fresh tariff threats against China. As of 10:02 am IST, the benchmark Sensex was down 0.3% at 82,221, while the broader NSE Nifty 50 declined 0.3% to 25,201.
Meanwhile, Waaree Renewable Technologies Limited, the Engineering, Procurement, and Construction (EPC) arm of the Waaree Group, has announced its unaudited financial results for the quarter and half year ended September 30, 2025 (Q2 FY26 and H1 FY26).
The company reported its highest-ever quarterly revenue and PAT. Waaree Renewable Technologies is a leading player in the solar EPC space that has also expanded into Battery Energy Storage Systems (BESS) and data centres.
Waaree Renewable Technologies Limited reported strong year-over-year (YoY) growth across its key financial metrics for the second quarter of FY26. Revenue from operations for Q2 FY26 stood at ₹774.78 crores, reflecting a 47.73% increase compared to ₹524.47 crores in Q2 FY25.
The company’s Profit After Tax (PAT) rose sharply to ₹116.34 crores, marking a 117.40% growth YoY from ₹53.52 crores in the same quarter last year. EBITDA for the quarter reached ₹157.94 crores, up 120.69% YoY compared to ₹71.57 crores in Q2 FY25. The company reported an EBITDA margin of 20.39% and a PAT margin of 15.02% for the quarter.
Waaree Renewable Technologies also demonstrated accelerated growth in the first half of FY26. Consolidated revenue for H1 FY26 reached ₹1,377.97 crores, up 81.12% YoY from ₹760.82 crores in H1 FY25. The company’s PAT surged to ₹202.73 crores, reflecting a 148.21% increase compared to ₹81.68 crores in the same period last year. EBITDA for the half-year stood at ₹275.48 crores, showing a 144.56% YoY growth from ₹112.65 crores in H1 FY25.
Waaree Renewable Technologies Limited (WRTL) highlighted several operational developments during Q2 FY26. The company secured two major ground-mounted solar power projects, totaling 1,218 MWp and 29.4 MWp, marking significant order wins for the quarter.
In addition, the Board approved a capital expenditure plan for the establishment of Independent Power Producer (IPP) Solar Power Plants. This includes setting up two 28 MWp IPP solar plants (14 MWp each) at separate locations in Maharashtra and a 37.5 MWp IPP solar power plant in Bikaner, Rajasthan.
The company noted that India’s renewable energy momentum continues to build, with the total installed capacity reaching 256.1 GW as of September 2025. This milestone places the country halfway to its 500 GW target for 2030 and further aligns with India’s long-term net-zero vision. Solar energy plays a pivotal role in this transition, accounting for 127.33 GW of the total renewable installed capacity, driven by ambitious national targets and policy support. WRTL is a solar developer that finances, constructs, owns, and operates solar projects, focusing on long-term investments within the commercial and industrial customer segments.
On Monday, Waaree Renewable Technologies share price jumped over 13% to hit an intraday high after its Q2 FY26 results. As of 10:50 am, the stock price was trading at ₹1,263.10 per share, up by 11.53%. Since its listing date, the stock price has jumped by over 43% to hit a fresh new all-time high.
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