_edited.png)
Waaree Renewable Technologies Ltd
Company soars 13% - What’s Behind Its Record-Breaking Quarter ?
Shares of Waaree Renewable Technologies Ltd. surged over 13% on September 23, 2025, hitting an all-time high of ₹1,287 after the company reported its best-ever quarterly performance. Robust revenue growth, strong project execution, and improved margins drove the rally, while a healthy order pipeline and expansion plans point to continued growth in India’s renewable energy sector.
Record Quarterly Performance
Waaree Renewable’s Q2 FY26 results were its strongest to date. Consolidated net profit more than doubled to ₹116.3 crore from ₹53.5 crore a year ago, while revenue from operations rose 47.7% to ₹774.8 crore. EBITDA increased sharply to ₹157.9 crore from ₹71.6 crore, with operating margins improving to 20.4% from 13.6% YoY, reflecting efficient project execution and cost management across its solar EPC and IPP businesses.
Expanding Renewable Footprint
The company’s performance is supported by growth across multiple renewable verticals, including Battery Energy Storage Systems and data centre projects. Waaree’s unexecuted order book stood at 3.48 GWp, with a bidding pipeline exceeding 27 GWp, demonstrating strong visibility for future revenue. During the quarter, the company secured new solar project orders totaling approximately 1.25 GWp, reinforcing its leadership in the renewable energy market.
Strategic Expansion Plans
Waaree’s board has approved capital expenditure plans to set up 28 MWp IPP solar plants in Maharashtra and 37.5 MWp in Bikaner, Rajasthan. These investments are aligned with India’s accelerating renewable energy buildout, which currently stands at 256 GW of installed capacity. CFO Manmohan Sharma noted that the company’s strong performance reflects its execution capabilities and the sector’s overall growth momentum.
Stock Performance and Investor Takeaways
The stock has gained nearly 49% over the past year and extended its five-day gain to over 22%, with market capitalization crossing ₹13,000 crore. Trading volumes spiked sharply after the Q2 announcement, underscoring investor enthusiasm. With record earnings, a robust order book, and ongoing expansion plans, Waaree Renewable Technologies is positioned for continued growth in India’s booming renewable energy sector.
Latest News
Mutual fund inflows stay resilient as investors continue allocations despite February market volatility
India’s mutual fund industry continued to attract strong investor participation in February even as equity markets corrected modestly. Persistent inflows into equity schemes and sustained SIP contributions highlight the structural shift of household savings toward financial assets.
The latest AMFI data signals growing maturity among retail investors, with systematic investing and diversified strategies helping cushion sentiment during periods of market volatility.
5:00 pm
10 March 2026
Indian equities rebound as easing oil prices lift sentiment after geopolitical tensions show signs of cooling
Indian equity markets staged a recovery on March 10 after two sessions of heavy selling, supported by a sharp decline in global crude oil prices following signals of potential de escalation in Middle East tensions. The rebound helped restore nearly Rs 6.5 lakh crore in market value and triggered broad based buying across autos, consumer durables and banking stocks.
3:55 pm
10 March 2026
V Guard increases stake in energy storage startup to strengthen battery technology capability
V Guard Industries has approved an additional investment of about ₹25 crore in its associate Gegadyne Energy Labs. The move raises its stake to over 30 percent and reflects the company’s strategic focus on emerging battery technologies linked to energy storage and power backup solutions.
2:43 pm
10 March 2026
Indian markets rebound as crude oil retreat improves risk sentiment
Indian equity benchmarks opened higher as a sharp decline in crude oil prices eased inflation fears and improved global risk appetite. The rebound follows a volatile trading session earlier in the week triggered by geopolitical tensions in the Middle East and a surge in oil prices.
Stabilising crude prices and cooling market volatility have provided short term relief for equities, though analysts caution that geopolitical uncertainty could continue to drive market swings.
2:40 pm
10 March 2026
Gold ETF inflows cool in February after record January surge in passive fund allocations
Inflows into Gold ETFs moderated sharply in February 2026 after witnessing an exceptional spike at the beginning of the year. While the slowdown signals a pause in investor allocations, the broader passive investment ecosystem continues to attract steady capital despite market volatility.