GENERAL19 Oct 2026
Waaree Renewable profit falls 30% as revenue climbs 37%
Waaree Renewable Technologies earned ₹82 crore in the September quarter of FY27, down 30% from ₹116 crore a year earlier, even as revenue rose 36.53% to ₹1,057.84 crore. Operating margin slipped to 15% from 20%. The company blamed acquisition financing costs and a changed business mix. Its board cleared a 35 MWp solar plant in Wardha.
Key Statutory Highlights
- Revenue for the September quarter rose 36.53% to ₹1,057.84 crore, but EBITDA grew only 1.3% to ₹160 crore.
- For the first half of FY27, revenue climbed 43.84% to ₹1,982.09 crore while net profit stayed almost flat at ₹200.44 crore.
- The unexecuted order book is above ₹5,500 crore, and the board approved a 35 MWp plant in Wardha run as an independent power producer.
Actionable Advice for Taxpayers / Founders:Watch whether the 15% margin recovers in coming quarters, given the company's own reason: acquisition financing costs and a business mix with different margins. Its ₹5,500 crore unexecuted order book is the number to track next.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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