WAAREERTL
Waaree Renewable Technologies Limited
NSE BSELast Traded Price
₹737.4
-11.4 (-1.52%)
Open
₹736
High
₹739
Low
₹727.9
Prev Close
₹748.8
Industry
Other Electrical Equipment
Market Cap
7682.31 Cr
Filing History
Recent corporate announcements and filings for WAAREERTL
Business Update
Positive
2026-11-07 11:34
Order Win: Waaree Renewable Technologies Limited won order from a leading Independent Power Producer (IPP)
Order Value: 285 MWp EPC Solar Power Project
Completion Timeline: Financial year 2027-28
Business Update
Positive
2026-11-01 13:32
Order Win: Waaree Renewable Technologies Limited won an Operation & Maintenance (O&M) contract for a 360 MWp Solar Power Project.
Order Value: O&M contract for 360 MWp capacity.
Completion Timeline: 5 years.
Business Update
Positive
2026-10-30 17:33
Order Win: Waaree Renewable Technologies Limited won order from a leading Independent Power Producer (IPP) Company
Order Value: 200 MW / 500MWh BESS Project
Completion Timeline: Financial year 2027-28
Business Update
Neutral
2026-10-30 16:24
- Waaree Renewable Technologies Limited completed the transfer of 100% of its equity shareholding in its wholly-owned subsidiary, Waaree Green Data Centers Private Limited (WGDCPL), to its holding company, Waaree Energies Limited.
- The transfer was completed on October 30, 2026.
- Consequently, WGDCPL has ceased to be a subsidiary of Waaree Renewable Technologies Limited.
Business Update
Positive
2026-10-28 16:46
Financial Performance & Execution
- Q2 FY27 revenue from operations grew 36.53% YoY to ₹1,057.84 Cr; EBITDA stood at ₹159.98 Cr (margin of 15.12%) and PAT at ₹81.48 Cr.
- Executed 456 MWp of solar EPC projects in Q2 FY27, taking H1 FY27 execution to 1,345 MWp; sequential moderation in execution was due to developer-end delays in land handover and connectivity.
Order Book & Pipeline
- Consolidated unexecuted order book stands at over ₹5,500 Cr (over ₹3,300 Cr in Solar EPC & BESS and over ₹2,200 Cr in T&D vertical), providing revenue visibility over the next 3 to 4 quarters.
- Added 1.7 GWp of new orders in Q2 FY27; actively pursuing an order pipeline of ~25-35 GW domestically and 9 GW internationally.
Margins & Leverage
- Solar EPC EBITDA margins are expected to be maintained above 15%, while T&D margins (currently 9-10%) are targeted to improve with scale and synergies.
- Sharp increase in finance costs and depreciation was driven by the debt-funded acquisition of Associated Power Structures (APSPL); management aims to progressively deleverage.
Growth Drivers & Strategic Initiatives
- Expanding T&D capacity via the Azamnagar facility with an additional 1 lakh MT capacity.
- Recurring revenue streams strengthened with operational IPP portfolio at 82.82 MWp and O&M portfolio at 1.5 GWp.
- High growth visibility from integrated Solar + BESS offerings, supported by policy tailwinds such as PM Surya Sarovar Yojana and Green Energy Corridor Phase 3.
Business Update
Positive
2026-10-27 15:01
Order Win: Waaree Renewable Technologies Limited won order from a leading Independent Power Producer (IPP)
Order Value: 450 MWp
Completion Timeline: Financial Year 2027-28
Business Update
Positive
2026-10-23 16:14
Order Win: Waaree Renewable Technologies Limited received a revised scope of work for existing EPC contracts for Solar PV plants
Order Value: Aggregate capacity of 800 MWac / 1,109 MWp (comprising 400 MWac / 552 MWp and 400 MWac / 557 MWp)
Completion Timeline: Financial year 2027-28
Business Update
Neutral
2026-10-21 18:38
- Audio recording of earnings conference call held on October 21, 2026, submitted.
- Pertains to Unaudited Financial Results for the quarter and half year ended September 30, 2026.
- Accessible via company website pursuant to SEBI LODR regulations.
Financials
Neutral
2026-10-19 20:52
- Q2 FY27 Consolidated Revenue stood at ₹1,057.84 Cr, up 36.53% YoY from ₹774.78 Cr.
- EBITDA stood at ₹159.98 Cr (+1.29% YoY) with EBITDA margin at 15.12% vs 20.39%.
- Net profit (PAT) declined 29.98% YoY to ₹81.48 Cr.
- Consolidated unexecuted order book remains robust at ₹5,500+ Cr.
Business Update
Positive
2026-10-19 18:29
Waaree Renewable Technologies Limited has released its Investor Presentation for Q2 and H1 FY27, detailing strong industry growth drivers, supportive government policies, and an expanding order book within the renewable energy and power transmission sector.
- The presentation outlines India's renewable energy targets, including solar capacity expansion up to 280 GW by 2030 and significant capital outlays in BESS and T&D infrastructure.
- The company highlights its vertically integrated capabilities across solar PV modules, cells, inverters, green hydrogen, and EPC services.
Financials
Neutral
2026-10-19 18:21
Q2 FY27 Consolidated Revenue ₹1,057.84Cr vs ₹774.78Cr (▲36.53% YoY)
EBITDA ₹159.98Cr vs ₹157.95Cr (▲1.29% YoY)
PAT ₹81.48Cr vs ₹116.36Cr (▼29.98% YoY)
EBITDA Margin 15.12% vs 20.39% (▼527bps)
Financials
Neutral
2026-10-19 18:17
Q2 FY27 Consolidated Revenue ₹1,057.84Cr vs ₹774.78Cr (▲36.5% YoY)
EBITDA ₹159.98Cr vs ₹157.95Cr (▲1.3% YoY)
PAT ₹81.48Cr vs ₹116.36Cr (▼30.0% YoY)
EBITDA Margin 15.12% vs 20.39% (▼527bps)
Board approved Capex for setting up a 35 MWp/25 MWac IPP Solar Plant at Wardha, Maharashtra.
Business Update
Neutral
2026-10-15 19:09
Concall Schedule
Concall Date: October 21, 2026
Concall Time: 04:00 PM IST
Business Update
Positive
2026-10-15 16:35
Order Win: Waaree Renewable Technologies Limited received a revised scope of work for Ground Mount Solar Power Project
Order Value: Scope enhanced by approximately ₹22 Cr. (Excl. Taxes)
Completion Timeline: Financial Year 2026-27
Project Capacity: 150 MWac/ 217.5 MWp
Business Update
Positive
2026-10-08 19:12
Order Win: Waaree Renewable Technologies Limited won order from Public Sector Undertaking (PSU)
Order Value: 5 MWp Grid-connected Solar PV Project with 10 years O&M
Completion Timeline: 12 months for Turnkey EPC Project
Business Update
Positive
2026-09-28 18:34
Order Win: Waaree Renewable Technologies Limited received a revised scope of work for Ground mount Solar PV project
Order Value: Scope enhanced by ₹14.79 Cr for a total capacity of 2012.47 MWp
Completion Timeline: FY 2026-27
Business Update
Neutral
2026-09-21 17:33
- Concall Schedule
- Concall Date: September 24, 2026
- Concall Time: 11:00 a.m. onwards
- Meeting Details: One-to-One/Group physical meeting with JM Financial Environmental & Energy Conclave
Business Update
Neutral
2026-09-16 17:21
- Concall Schedule
- Concall Date: September 21, 2026
- Concall Time: 02:00 p.m. onwards
- Meeting Type: One-to-One/Group physical meeting at Anand Rathi Annual Flagship Conference G-200 Summit 2026 (Mumbai).
Business Update
Positive
2026-09-14 19:28
- Waaree Renewable Technologies Limited's wholly-owned subsidiary, Waaree Green Data Centers Private Limited, incorporated Aurovault Data Centers Private Limited on September 14, 2026.
- This new step-down wholly-owned subsidiary will engage in establishing and operating data centers and providing digital infrastructure services.
Business Update
Positive
2026-09-12 12:03
- Waaree Renewable Technologies Limited's wholly-owned subsidiary, Waaree Green Data Centers Private Limited, has incorporated a step-down wholly-owned subsidiary named Sunstar Data Centers Private Limited on September 11, 2026.
- The new subsidiary will operate in the Data Center Business, including hyperscale, AI-ready, edge data centers, and various digital infrastructure services.
- Waaree Green Data Centers Private Limited holds 100% share capital of Sunstar Data Centers Private Limited.
Routine
Neutral
2026-08-31 21:30
- Waaree Renewable Technologies Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-2026.
- The report was submitted to BSE Limited and National Stock Exchange of India Limited on August 31, 2026.
Governance
Neutral
2026-08-31 21:30
- The 27th Annual General Meeting (AGM) of the Company will be held on September 23, 2026, at 11:00 A.M. (IST) via Video Conferencing/OAVM. - The Annual Report for the Financial Year 2025-26 has been made available via a web-link. - Members are reminded to update KYC details and dematerialize physical securities.
Business Update
Positive
2026-08-28 13:25
- Order Win: Waaree Renewable Technologies Limited won an order from one of India's Thermal Power Generating Companies.
- Order Details: EPC works for a ground-mounted Solar PV project of 291 MWp and 280 MWh Battery Energy Storage System (BESS).
- Completion Timeline: Scheduled to be completed during the financial year 2027-28.
Governance
Neutral
2026-08-27 18:32
- Board meeting held on August 27, 2026.
- Approved Board's Report for FY 2025-26 and the 27th Annual General Meeting Notice to be held on September 23, 2026.
- Approved the transfer of entire shareholding in Waaree Green Data Centers Private Limited (a wholly-owned subsidiary with negligible FY2025-26 contribution) to Waaree Energies Limited (Holding Company) for ₹1,00,000.
Governance
Neutral
2026-08-27 18:29
- The 27th Annual General Meeting (AGM) of Waaree Renewable Technologies Limited is scheduled for Wednesday, September 23, 2026.
- The cut-off date for e-voting eligibility is September 16, 2026.
- Remote e-voting will be available from September 20, 2026 (9:00 A.M.) to September 22, 2026 (5:00 P.M.).
Business Update
Neutral
2026-08-27 18:26
- The Board approved the transfer of its entire shareholding in Waaree Green Data Centers Private Limited (a wholly-owned subsidiary with Nil/Negligible contribution to financials in FY26) to Waaree Energies Limited (Holding Company) for ₹1,00,000. Also approved the FY 2025-26 Board's Report and scheduled the 27th AGM for September 23, 2026.
Business Update
Neutral
2026-08-17 16:07
- Analyst / Institutional Investor Meeting Schedule
- Date: Thursday, 20th August 2026
- Time: 02:00 p.m. - 05:00 p.m.
- Meeting with: Kotak Institutional Equities - Manufacturing Forum 2026 (One-to-One/Group physical meeting)
Business Update
Positive
2026-08-10 11:09
- Order Win: Waaree Renewable Technologies Limited won an order from One of India's Renewable Energy Solution Company.
- Order Details: Execution of Engineering, Procurement and Construction (EPC) works for a ground-mounted Solar PV project.
- Order Size: 124 MWp (88MWac).
- Completion Timeline: During the financial year 2026-27.
Business Update
Positive
2026-08-05 18:36
- Order Win: Waaree Renewable Technologies Limited (WAAREERTL) won a turnkey contract from Solaris Horizon Energy Private Limited (SHEPL).
- Order Details: For the execution of Engineering, Procurement and Construction (EPC) works for a 210MWp (150MWac) grid-connected Ground Mount Solar Project, along with two years of operation and maintenance services.
- Completion Timeline: Scheduled for completion during the financial year 2027-28.
- Note: SHEPL is a step-down subsidiary of Waaree Energies Limited.
Business Update
Positive
2026-07-30 17:45
- Q1 FY27 saw strong financial growth, with consolidated revenue up 53.23% YoY to INR 924.25 crores and PAT up 37.7% YoY to INR 118.97 crores.
- The company strategically acquired a 55% stake in Associated Power Structures Private Limited (APSPL) to expand into the Transmission & Distribution (T&D) segment, aiming for a complete value chain.
- The unexecuted consolidated order book is robust at INR 5,300 crores, providing 12-18 months of revenue visibility.
- Management aims to maintain a consolidated EBITDA margin of around 15% for FY27, acknowledging a temporary slight dip due to the lower-margin T&D business which they plan to improve.
- Waaree is actively pursuing significant order pipelines in solar EPC (approx. 37 GW) and T&D (approx. INR 20,000 crores), alongside opportunities in BESS and data center EPC.
Ownership
Positive
2026-07-29 18:47
- The Board of Directors of Waaree Renewable Technologies Limited approved the allotment of 33,425 Equity Shares to eligible employees who exercised their vested options under the Waaree RTL ESOP-2022 on July 29, 2026.
- This allotment increases the paid-up share capital from ₹20,86,91,584 to ₹20,87,58,434 (face value of ₹2/- each).
- The total money realized from the exercise of options is ₹7,48,720/-, with an exercise price of ₹22.40/- per equity share.
Business Update
Positive
2026-07-27 17:10
- Waaree Renewable Technologies Limited (WRTL) signed an Early Contractor Involvement (ECI) Agreement with a Special Purpose Vehicle of a leading global Independent Power Producer (IPP).
- The agreement is for the development of a utility-scale solar photovoltaic (PV) project integrated with a Battery Energy Storage System (BESS) in New Zealand.
- This marks WRTL's strategic entry into the Australia and New Zealand (ANZ) renewable energy market.
- The ECI Agreement is for preliminary work and is valid for approximately 4 months.
- Upon completion of the ECI work, the Principal may sign the full EPC contract, which would have a project execution timeline of 24 months.
- No specific order value for the ECI or the potential future EPC contract has been disclosed.
Business Update
Positive
2026-07-26 12:18
- Order Win: Waaree Renewable Technologies Limited received two Letters of Award from one of India's leading Renewable Energy companies for EPC works.
- Order Size/Capacity: Aggregating 800 MWac / 1,082 MWp for two ground-mounted Solar PV plants.
- Completion Timeline: The project is scheduled to be completed during the financial year 2027-28.
Business Update
Neutral
2026-07-23 18:10
- Audio recording of the earnings call for the quarter ended June 30, 2026, is available.
- The call was held on July 23, 2026, following the Q1 FY27 financial results announcement.
Financials
Positive
2026-07-22 20:58
- Consolidated Revenue ₹924.25 Cr vs ₹603.19 Cr (▲53.23% YoY)
- EBITDA ₹173.48 Cr vs ₹117.55 Cr (▲47.58% YoY)
- PAT ₹118.97 Cr vs ₹86.40 Cr (▲37.70% YoY)
- EBITDA Margin 18.77% vs 19.49% (▼72bps)
Routine
Neutral
2026-07-22 20:20
New Filing detected. See link for details.
Business Update
Neutral
2026-07-20 17:18
- Concall Schedule
- Concall Date: Thursday, July 23, 2026
- Concall Time: 03:30 PM (IST)
Business Update
Positive
2026-07-10 14:33
- Waaree Renewable Technologies Limited announced the withdrawal of the credit rating for its bank loan facilities totaling INR 258.00 Million.
- The credit rating was withdrawn by India Ratings & Research Private Limited upon repayment of the said facilities.
Routine
Neutral
2026-06-30 16:40
- Waaree Renewable Technologies Limited announced the closure of its trading window for dealing in company securities.
- The trading window will close from Wednesday, July 01, 2026, for Directors, Promoters, Designated Employees, Connected Persons and their Relatives.
- This closure is in connection with the declaration of Unaudited Financial Results for the quarter ending June 30, 2026.
- The window will open 48 hours after the financial results are declared to the Stock Exchange.
Business Update
Positive
2026-06-18 14:51
- Waaree Renewable Technologies Limited completed the acquisition of 55% equity shares of Associated Power Structures Private Limited (APSPL).
- Consequent to this acquisition, APSPL has become a subsidiary of Waaree Renewable Technologies Limited.
Business Update
Positive
2026-06-17 18:02
- Waaree Renewable Technologies Limited received an enhancement in the scope of work for an existing Engineering, Procurement, and Construction (EPC) contract for a Solar Power Plant of 980 MWp / 700 MWac.
- The scope enhancement increased the order value by Rs. 30.91 Cr.
- The total revised order value for the project is Rs. 1,044.69 Cr. (inclusive of taxes).
- The completion timeline is to be mutually decided.
Business Update
Neutral
2026-06-15 15:07
- Update on the acquisition of Associated Power Structures Private Limited.
- Completion of the acquisition is deferred from June 15, 2026, to June 30, 2026.
- The delay is due to procedural requirements for transfer and allotment of securities.
Business Update
Neutral
2026-06-08 18:17
- Concall Schedule
- Concall Date: June 11, 2026
- Concall Time: 04:00 p.m. - 06:00 p.m.
Business Update
Positive
2026-06-08 12:59
- Order Win: Waaree Renewable Technologies Limited (WAAREERTL) secured an EPC contract from Sunsational Power Private Limited (SPPL).
- Order Details: The contract is for a 300MW/450MWp Ground Mount Solar project, including two years of operation & maintenance services.
- Completion Timeline: Scheduled for completion during the financial year 2026-27.
- Note: SPPL is a subsidiary of WAAREERTL, making it a domestic commercial order and a related party transaction.
Business Update
Neutral
2026-05-19 17:23
Waaree Renewable Technologies Limited announced an intimation of scheduled one-to-one, in-person meetings between its Senior Management and Analysts/Institutional Investors on Friday, May 22, 2026, from 04:00 p.m. to 06:00 p.m. in Goregaon East, Mumbai. Discussions will be based on publicly available information.
Business Update
Positive
2026-05-18 19:22
Order Win: Waaree Renewable Technologies Limited won a turnkey EPC contract from Waaree Forever Energies Private Limited for a 350MW/1400MWh Battery Energy Storage System (BESS) project, including two years of operation and maintenance services. The project is scheduled for completion during the financial year 2026-27.
Business Update
Positive
2026-05-07 13:27
Waaree Renewable Technologies Limited (WRTL) announced the execution of definitive agreements (Shareholders Agreement and Share Purchase and Subscription Agreement) for the acquisition of a 55% stake in Associated Power Structures Private Limited (APSPL). The total investment value for this acquisition is ₹1,225 Cr. Following the acquisition, APSPL will become a subsidiary of WRTL. The completion, initially planned by April 30, 2026, is now expected by June 15, 2026, due to procedural requirements.
Financials
Positive
2026-04-24 18:10
Consolidated Revenue ₹1,102.40Cr vs ₹476.50Cr (▲131.31% YoY), EBITDA ₹206.82Cr vs ₹89.41Cr (▲131.31% YoY), PAT ₹155.72Cr vs ₹93.76Cr (▲66.08% YoY). EBITDA Margin 18.76% vs 18.76% (0bps).
Routine
Neutral
2026-04-17 18:51
New Filing detected. See link for details.
Routine
Neutral
2026-04-16 21:54
New Filing detected. See link for details.
Routine
Neutral
2026-04-16 20:28
New Filing detected. See link for details.
Routine
Neutral
2026-04-16 20:18
New Filing detected. See link for details.
Routine
Neutral
2026-04-16 20:02
New Filing detected. See link for details.
Routine
Neutral
2026-04-16 20:01
New Filing detected. See link for details.
Routine
Neutral
2026-04-16 19:51
New Filing detected. See link for details.