Waaree acquires data centre arm; Q2 profit Rs 754 crore
WAAREEENER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts less than Nifty Midcap 150 and 1.0 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved buying 100% of Waaree Green Data Centers and its Aurovault and Sunstar units from subsidiary Waaree Renewable Technologies for Rs 1 lakh cash. It is a related-party deal at arm's length; the firms have not started operations. Q2 FY27 consolidated revenue was Rs 7,517.74 crore, profit Rs 753.64 crore. A Rs 294.78 crore US customs provision was made. Indosolar merger ratio is 1 share per 11, awaiting NCLT approval.
Data centre entry adds a new growth field, but targets have no revenue yet. Related-party pricing and US customs review are watch points.