| Revenue growth | Q2 revenue +24% YoY to ₹7,518 Cr |
|---|---|
| Margins | Operating EBITDA margin 17.8% vs 23.2% YoY |
| Order book | ~₹59,200 Cr; US export orders deemed cancelled |
| Demand visibility | Order book ~₹59,200 Cr; retail momentum strong |
| Management confidence | FY27 EBITDA guidance reaffirmed, ₹7,000-7,700 Cr |
Growth
Revenue +24% YoY to ₹7,518 Cr; H1 revenue +47%. Retail ₹3,464 Cr (+253%) offsets overseas -52% to ₹1,389 Cr.
Outlook
FY27 operating EBITDA guidance ₹7,000-7,700 Cr reaffirmed. ₹30,000+ Cr capex phased 30/40/30 across FY27-FY29.
Risks
US Section 232 uncertainty led to deemed export order cancellations. Operating EBITDA margin down ~540bps YoY; PAT down 14%.
Investor Presentation filed with BSE, NSE: WAAREEENER. Summary written with AI assistance from the document.
Waaree Energies Ltd: key numbers
- Share price
- ₹2,238.00
- Market cap
- ₹64,376 Cr
- Revenue (annual)
- ₹26,537 Cr
- Net profit (annual)
- ₹3,711 Cr
- P/E (TTM)
- 17.4×Sector 42.1×
- Promoter holding
- 64.12%+0.00% QoQ
- FII holding
- 8.57%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Waaree Energies Ltd
All →Waaree Energies Acquisition Worth ₹0.01 Cr
Waaree Energies is acquiring 100% of Waaree Green Data Centers for Rs.0.01 Crore cash, entering data centres. The target has not commenced operations and no revenue is reported.
- Value
- ₹0.01 Cr
- Execution
- Financial Year 2026-27
Waaree Energies Earnings Call Transcript: Key Takeaways
Waaree delivers robust H1 growth driven by retail momentum, but rationalizing 3GW of US orders reveals geopolitical vulnerability. Management is aggressively pivoting to backward integration and BESS to mitigate module price volatility.
Waaree Energies Legal & Regulatory
Waaree Energies reported a designated person's contra trade made without pre-clearance under its insider trading code. The company issued a warning and ordered ₹0.04 Crore of profit disgorged to SEBI's IPEF.
- Value
- ₹0.04 Cr
Waaree Energies Results Update
Waaree Energies released its Q2 and H1 FY27 earnings press release, with H1 revenue of ₹15,449.5 Crore up 47.3% YoY. The release also reports PAT, a ~₹59,200 Crore order book and a US expansion approval.
- Order book
- ₹59,200 Cr
Waaree Energies Employee Stock Options
Waaree Energies granted 5,800 stock options to eligible employees under its ESOP 2021 at an exercise price of Rs.10 per option. The grant covers equity shares of Rs.10 face value.
- Execution
- Options vest over 6 years from grant date; exercisable within 4 years of vesting
Waaree Energies Q2 FY27 Results: Net Profit ₹753.6 Cr, Down 14.2% YoY
Waaree Energies Ltd reported revenue from operations of ₹7,518 Cr (+23.9% YoY) and net profit of ₹753.6 Cr (-14.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹753.6 Cr · -14.2% YoY