Overview

• Waaree Renewable posted a net profit of Rs 86.44 crore in Q1 FY26, up 208% year on year from Rs 28.03 crore in Q1 FY25.
• Revenue from operations rose 155% to Rs 603.18 crore, driven by a 160% jump in EPC contract earnings.
• EBITDA expanded 177% to Rs 122.36 crore and profit before tax (excluding exceptional items) climbed 197% to Rs 116.57 crore.
• Net profit on a sequential basis dipped 8.51% from Rs 94 crore in Q4 FY25, and shares rallied nearly 5% after the results.
• The company invested Rs 7.98 crore for a 3.23% stake in Smart Joules to diversify into energy efficiency.