Waaree Renewables Shares Rally on Strong Quarterly Earnings
The Waaree Renewables share price surged over 13% on Monday, reaching ₹1,287.70 per share on the BSE, after the company announced robust Q2 FY26 results. The rally was backed by heavy trading activity, with nearly 74 lakh shares changing hands — far above its one-week average of 10 lakh shares and one-month average of 7 lakh shares.
The sharp rise in Waaree Renewables share price today reflects strong investor confidence following impressive financial performance in the July–September 2025 quarter.
Waaree Renewables Q2 FY26 Financial Highlights
The company, which operates as the EPC arm of the Waaree Group, reported that its consolidated net profit more than doubled to ₹116.34 crore, compared to ₹53.52 crore in the same quarter last year — a jump of 117.4% year-on-year (YoY).
Revenue from operations also climbed 47.7% YoY, reaching ₹774.78 crore in Q2FY26, up from ₹524.47 crore in Q2FY25. Operational efficiency improved significantly as EBITDA more than doubled to ₹157.9 crore from ₹71.6 crore last year, while EBITDA margins expanded to 20.39% from 13.65% YoY.
Order Book and Future Growth Outlook
Waaree Renewable Technologies maintains a robust unexecuted order book of 3.48 GWp, which is expected to be completed over the next 12–15 months. The company’s bidding pipeline remains strong, currently exceeding 27 GWp.
During Q2, Waaree also secured new solar project orders totaling 1.25 GWp and approved major capital expenditure plans for new independent power producer (IPP) solar plants in Maharashtra and Rajasthan. These developments underline the company’s aggressive expansion strategy and commitment to scaling renewable energy capacity across India.
Investor Sentiment and Market Movement
At around 10:05 AM, Waaree Renewables share was trading 12.91% higher at ₹1,281.10 per share, continuing its sharp upward trajectory. Market experts attribute the surge to a combination of strong financial performance, a growing project pipeline, and the government’s push toward clean energy adoption.
The broader renewable energy space also saw positive sentiment, with investors showing interest in related stocks like Waaree Energies share and Waaree Renewable Technologies share, indicating sector-wide optimism.
What’s Driving the Waaree Rally?
- Exceptional Q2 Profit Growth — Net profit more than doubled year-on-year.
- Strong Order Book — Over 3.4 GWp in pending projects ensures revenue visibility.
- Rising Clean Energy Demand — India’s renewable energy mission is accelerating corporate investments.
- Operational Efficiency Gains — Significant jump in EBITDA margins indicates improved project execution and cost control.
Expert Outlook
Analysts expect Waaree Renewables share price to maintain positive momentum in the near term, driven by strong fundamentals and project visibility. The renewable energy segment continues to attract investors seeking long-term growth opportunities amid the global shift toward sustainable power generation.
Market analysts, however, advise monitoring upcoming quarterly results and project execution timelines before making fresh entries.
Final Thoughts
With impressive Q2 numbers, a healthy order pipeline, and clear expansion plans, Waaree Renewables has reinforced its position as one of India’s leading solar energy companies. The Waaree Renewables share remains in focus for both short-term traders and long-term investors betting on India’s green energy transformation.
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