Waaree Renewable Technologies, the solar EPC subsidiary of Waaree Group, saw its shares jump another 5% intraday on Friday, July 18, to reach 1,240 ₹apiece, which came in response to the company’s healthy performance in the June quarter.
The company, on Thursday, reported a net profit of ₹86 crore in Q1FY26, a 207% increase compared to ₹28 crore in the same period last year, while the revenue from operations came in at ₹in at ₹603 crore, compared to ₹236.35 crore in Q1 FY25, which is a 155% YoY growth.
Looking at the segment wise performance, its revenue from its EPC contracts, which contributes over 95% of the company’s total revenue, surged to ₹594.3 crore in Q1 FY25 from ₹228 crore in the same period last year, while power sales revenue also rose sharply to ₹9 crore, compared to ₹2.3 crore a year ago, as per the company’s earnings’ filing.
On the operating front, the company reported EBITDA of ₹117.54 crore for the quarter, marking a significant jump from ₹41 crore in Q1 FY25. EBITDA margin expanded to 19.5% from 17.4%, reflecting improved operating efficiency.
