Waaree Renewable Technologies Ltd. reported a more than double advance in net profit for the second quarter of fiscal 2026.
The company's consolidated bottom-line for the quarter ended September rose to Rs 116 crore, more than doubling from Rs 53.5 crore in the corresponding quarter of the previous fiscal.
The revenue rose 47.7% annually to Rs 775 crore from Rs 524 crore. The consensus estimate of analysts tracked by Bloomberg was of Rs 914.98 crore.
Waaree Renewable Technologies Q2 Highlights (Consolidated, YoY)
Revenue up 47.7% to Rs 775 crore versus Rs 524 crore
Net Profit at Rs 116 crore versus Rs 53.5 crore
Ebitda at Rs 158 crore versus Rs 61.6 crore
Margin at 20.4% versus 11.7%
(This is a developing story).
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