Waaree Renewable Technologies Ltd — Important, 18-10-2025: Company Update

Waaree Renewable Technologies reported strong financial results for the quarter and half-year, with Q2 revenue at Rs. 774.78 Cr (up 47.73% YoY) and PAT at Rs. 116.34 Cr (up 117.40% YoY). H1 revenue reached Rs. 1,377.97 Cr and PAT Rs. 202.73 Cr. The company's unexecuted order book stands at 3.48 GWp, offering 12-15 months of visibility, predominantly from domestic ground-mounted EPC projects. It executed 1,621 MWp in H1, surpassing previous full-year figures. Management is comfortable with over 15% margins. The Board approved new IPP projects totaling 51 MWp. The company is actively exploring BESS and data center EPC opportunities and acquired a stake in a cooling solutions firm, aligning with India's accelerating renewable energy goals.