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Waaree Renewable Technologies Q2 Net Profit Falls Over 29% to ₹81 Crore
Sentiment: NeutralHigh Priority
What Happened?
Waaree Renewable Technologies reported a 29% decline in consolidated net profit to ₹81.48 crore for Q2 2026, attributed to rising expenses. Total expenses increased to ₹961.66 crore.
Key points
- Consolidated net profit fell to ₹81.48 crore from ₹116.36 crore in Q2 2025.
- Total expenses rose to ₹961.66 crore from ₹622.63 crore year-on-year.
- Revenue from operations increased to ₹1,057.84 crore from ₹774.78 crore a year ago.
- The company has an unexecuted order book of over ₹5,500 crore.
- Bidding pipeline includes over 34.6 GWp for solar and more than 12.5 GWh for BESS.
Key insights
- The increase in expenses may pressure future profitability.
- The strong bidding pipeline could support future revenue growth.
- Acquisition-related costs may affect short-term financial performance.
Why it matters
The decline in profit highlights challenges in managing rising operational costs.
Tags
Entities
Waaree Renewable Technologies· Company
Source
Business Standard
