- Waaree Energies' Q1 net profit rose 14% to Rs 850 crore year-on-year
- Revenue increased 79% to Rs 7,932 crore in the June quarter
- EBITDA grew 44% to Rs 1,440 crore but margin declined to 18.2%
Waaree Energies Ltd.'s net profit for the first quarter of financial year 2027 rose 14% year-on-year, according to an exchange filing on Wednesday.
The company posted a consolidated bottom-line of Rs 850 crore in the June quarter, as against Rs 745 crore in the year-ago period. Revenue soared 79% to Rs 7,932 crore from Rs 4,426 crore in the corresponding quarter of last fiscal year.
On the operational front, earnings before interest, taxes, depreciation and amortisation jumped sharply by 44% to Rs 1,440 crore from Rs 997 crore, but Ebitda margin narrowed to 18.2% from 22.5% in the corresponding quarter of the last fiscal.
Waaree Energies achieved module production of 3.24 GW in Q1 FY27, registering a growth of 41.51% YoY, supported by operational efficiency and scale advantages.
The company's 10 GW cell facility at Unn, Gujarat, is progressing as per plan and is expected to commence production in the current financial year.
Waaree Energies acquired a 55% equity stake in Associated Power Structures Private Limited, strengthening its power infrastructure capabilities and supporting integrated renewable energy project execution.
The company has also commenced advanced 5.15 GWh automated BESS container manufacturing at Rola, Gujarat.
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Waaree Energies (Q1, Consolidated YoY)
- Net profit up 14% to Rs 850 crore versus Rs 745 crore.
- Revenue up 79% to Rs 7,932 crore versus Rs 4,426 crore.
- Ebitda up 44% to Rs 1,440 crore versus Rs 997 crore.
- Margin at 18.2% versus 22.5%.
Waaree Energies Share Price
The stock settled 1.20% higher at Rs 2,726.50 apiece on the NSE on Wednesday. This compared to a 1.10% advance in the benchmark Nifty index. The share price went as high as 2.11% to Rs 2,751.20 during the day.
Waaree Energies' scrip has fallen 7.8% year-to-date, and 13.8% in the last 12 months.
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