Waaree Renewable Technologies Revenue Up 37%, Profit Down 30% in Q2
According to Moody's, WRTL's second-quarter FY27 revenue rose 36.53% while net profit fell nearly 30%, with EBITDA margin contracting sharply.
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what happened
According to Moody's, Waaree Renewable Technologies Limited (WRTL) raised revenue from operations by 36.53% year on year in the second quarter of FY27, to Rs 1,057.84 crore. Profit after tax, however, dropped almost 30%, to Rs 81.48 crore from Rs 116.36 crore a year earlier.
EBITDA grew only 1.29%, to Rs 159.98 crore, while the EBITDA margin fell from 20.39% to 15.12%. The company links the profit squeeze to financing costs for acquisitions and to the inclusion of businesses with different margin profiles.
In the first half of FY27, revenue reached Rs 1,982.09 crore (up 43.84%) and EBITDA came in at Rs 333.46 crore (up 21.04%), while PAT eased 1.14% to Rs 200.44 crore. The consolidated unexecuted order book exceeds Rs 5,500 crore.
why it matters
For markets, this points to the quality of growth: the company is widening its footprint in solar, battery storage and grid infrastructure, but acquisition financing is currently weighing heavily on profitability. Investors in Indian renewable contractors will watch margin trends and the cost of borrowed capital closely.
market impact
Indian renewables EPC sector: revenue growth alongside margin pressure from acquisition financing costs
tags
instruments
sources
- Waaree Renewable Technologies Q2 Revenue Rises 37%, Profit Falls 30% — Moody's, 20 October 2026 at 03:00 UTC
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