Waaree Renewable Technologies Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
WAAREERTL · price
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Waaree Renewable Technologies reported consolidated revenue from operations of Rs. 60,318.58 lakhs for Q1 FY26, up sharply from Rs. 23,635.49 lakhs in Q1 FY25 (about 155% growth). Net profit nearly tripled to Rs. 8,638.94 lakhs from Rs. 2,816.14 lakhs, with EPS rising to Rs. 8.29 from Rs. 2.72. Profit before tax stood at Rs. 11,657.44 lakhs versus Rs. 3,927.47 lakhs a year ago. The board also approved a Rs. 7.98 crore investment to acquire a 3.23% stake (on fully diluted basis) in Smart Joules Private Limited, a company offering energy efficiency and cooling solutions, as part of expanding its clean energy ecosystem. The auditor (KKC & Associates LLP) issued an unmodified limited review conclusion on both consolidated and standalone results.
Very strong quarter with revenue more than doubling and profits tripling year-on-year, reflecting robust execution in the EPC contracts segment. The small 3.23% strategic investment in Smart Joules is not financially material but signals diversification into energy efficiency solutions; near-term share price reaction is likely to be driven by the strong Q1 earnings.