Waaree Energies Ltd
Waaree Energies Q2 Results 2026 (FY27): Revenue ₹7,517.7 Cr, PAT ₹753.6 Cr
Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.
Guidance rank: #1 of 58 in Electrical Equipment
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Based on Waaree Energies Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Q2 FY27 Revenue from Operations: ₹7,517.7 Cr, up 23.9% YoY (Q2 FY26: ₹6,065.6 Cr) - Modules Sold in Q2 FY27: 3.0 GW, up from 2.4 GW in Q2 FY26 (+25%) - H1 FY27 Revenue from Operations: ₹15,449.5 Cr, u EBITDA for Q2 FY27: ₹1,335.2 Cr, a decrease of 5.1% year-on-year (from ₹1,406.4 Cr in Q2 FY26).
From Waaree Energies Ltd's Q2 FY27 earnings-call transcript · updated 28 Oct 2026.
Revenue & Sales Performance
- Q2 FY27 Revenue from Operations: ₹7,517.7 Cr, up 23.9% YoY (Q2 FY26: ₹6,065.6 Cr)
- Modules Sold in Q2 FY27: 3.0 GW, up from 2.4 GW in Q2 FY26 (+25%)
- H1 FY27 Revenue from Operations: ₹15,449.5 Cr, up 47.3% YoY (H1 FY26: ₹10,491.5 Cr)
- H1 FY27 Modules Sold: 6.6 GW, up from 4.3 GW in H1 FY26
2 more points from Waaree Energies Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Waaree Solar Americas Inc. investing US$37 million to upgrade Arizona module plant from 1.0 GW to 1.6 GW; total US capacity to reach 4.8 GW. (Page 11)
- Commissioned additional 1.10 GW inverter capacity at Sarodhi, Gujarat; total 4.15 GW inverter capacity. (Page 11)
- Board approved capex for BESS, Inverter, Transformer, Electrolyser, and Glass. (Page 34)
- Phased capex plan over FY27-FY29: 30% in FY27, 40% in FY28, 30% in FY29. (Page 17)
- Total capital deployed by 30 Sep 2026: ₹31,852 Cr across Solar, BESS, Infrastructure, Electrolyser, etc. (Page 17)
- Planned 20 GWh BESS capacity by FY29, Phase-I 3.5 GWh by FY27, Phase-II 16.5 GWh by FY29; capex ~₹10,000 Cr. (Page 26)
2 more points from Waaree Energies Ltd's call on capex
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Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Total Order Book as of Q2FY27: ~₹59,200 Cr (slight decrease from ~₹61,000 Cr in Q1FY27)
- Module Order Book: 25.6 GW in Q2FY27 (up from 25.2 GW in Q1FY27)
- Order Book Mix (Q2FY27):
- Module: 89.5%
- T&D – Renewable: 3.7%
- EPC – Renewable: 5.6%
- Other: 1.2%
- Geographical Order Mix (Q2FY27):
- Domestic – India: 48.6%
- Domestic – US: 43.9%
- Export – India: 7.5%
- Order Book Movement:
- Opening Orderbook ~₹59,200 Cr
- Net New Orders: ₹7,300 Cr
- Executed Orders: ₹5,000 Cr
2 more points from Waaree Energies Ltd's call on order book
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Waaree Energies Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹7.5K Cr, net profit ₹754 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Waaree Energies Ltd's management said in earlier quarters
Others in Electrical Equipment this season
- Apar Industries Ltd (Q2 FY27)
Revenue: ₹3,753 crores (21.1% YoY growth) . Key investor presentation takeaways from Apar Industries Ltd's Q2 FY27 investor presentation — and how it ranks agai
- Shilchar Technologies Ltd (Q2 FY27)
Q2FY27 Revenue from Operations: ₹193 crore . Key investor presentation takeaways from Shilchar Technologies Ltd's Q2 FY27 investor presentation — and how it ran
- Waaree Renewable Technologies Ltd (Q2 FY27)
The consolidated unexecuted order book stands at over INR 5,500 crores (INR 3,300 crores from solar EPC and BESS, INR 2,200 crores from T&D), providing strong…
- Bharat Bijlee Ltd (Q2 FY27)
Revenue from operations for the quarter ended 30th September 2026: ₹736.16 crores (Page 2) . Key results statement takeaways from Bharat Bijlee Ltd's Q2 FY27 ea
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- 1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Waaree Energies Ltd Q2 FY27 results?
Q2 FY27 Revenue from Operations: ₹7,517.7 Cr, up 23.9% YoY (Q2 FY26: ₹6,065.6 Cr) - Modules Sold in Q2 FY27: 3.0 GW, up from 2.4 GW in Q2 FY26 (+25%) - H1 FY27 Revenue from Operations: ₹15,449.5 Cr, u EBITDA for Q2 FY27: ₹1,335.2 Cr, a decrease of 5.1% year-on-year (from ₹1,406.4 Cr in Q2 FY26).
What is Waaree Energies Ltd share price analysis?
Waaree Energies Ltd currently shows a neutral. The stock trades at a P/E of 16.2 with a market cap of ₹65,448 Cr. Investors should review the full earnings analysis for detailed insights.
Is Waaree Energies Ltd planning capital expenditure?
Waaree Solar Americas Inc.
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.