Shares of Waaree Renewable jumped more than 9% in early morning trade following the company’s robust Q2FY26 results. AS of 9:25 AM, the shares were trading 8.64% higher at Rs 1,231.10.
The solar EPC firm, a subsidiary of Waaree Energies, reported a net profit of ₹116.3 crore, marking a 117% increase year-on-year, while revenue rose 47.7% to ₹774.8 crore. EBITDA more than doubled to ₹157.9 crore from ₹71.6 crore in the same quarter last year, with margins improving to 20.4% from 13.6%, reflecting operational efficiency and strong demand.
Waaree Renewable highlighted that its unexecuted order book stands at 3.48 GWp, which is expected to be completed over the next 12–15 months. The company also reported a healthy bidding pipeline of over 27 GWp, signaling potential growth opportunities.
During the quarter, the company secured new solar project orders totaling 1.25 GWp and approved capital expenditure plans for independent power producer (IPP) solar plants in Maharashtra and Rajasthan, reinforcing its expansion strategy.
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