Waaree Renewable Technologies Ltd
Waaree Renewable Technologies Q2 Results 2026 (FY27): Revenue & Margins
Q2 FY27 earnings call: what management said on revenue, margins and capex.
Guidance rank: #28 of 58 in Electrical Equipment
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What the Q2 FY27 call signalled
4 of 5 strong
The short version
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 revenue visibility for coming quarters. Solar EPC remains the core growth driver, supported increasingly by T&D business, diversifying revenue streams.
From Waaree Renewable Technologies Ltd's Q2 FY27 earnings-call transcript · updated 28 Oct 2026.
Revenue & Sales Performance
- 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 revenue visibility for coming quarters.
- Execution of these orders is expected over the next 3-4 quarters, supporting sustained revenue growth.
- The company has active pipelines exceeding 30-35 gigawatts (domestic and international), underpinning future order inflows.
- Growth is expected in both solar EPC and T&D segments; solar EPC remains significant with new order inflows of about 1.7 GW booked recently.
- T&D business has a robust order pipeline of over INR 20,000 crores and is forecasted to grow steadily with improving margins.
2 more points from Waaree Renewable Technologies Ltd's call on revenue
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Profitability & Margins
See what Waaree Renewable Technologies Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Waaree Renewable Technologies is expanding its manufacturing capabilities with an additional facility at Azamnagar, having a capacity of 1 lakh metric tons, supporting growing transmission and distribution (T&D) infrastructure requirements.
- The company has undertaken acquisition-related financing for APSPL, indicating strategic capital deployment in expanding the T&D business.
- The Union Cabinet approved the Green Energy Corridor Phase 3 scheme with an outlay of INR1.86 lakh crores aiming to strengthen transmission infrastructure and deploy 50 gigawatt hours of battery energy storage by FY 2032-33, aligning with Waaree's capabilities in renewable, BESS, and T&D sectors, indicating a strategic market opportunity for further investment.
- Waaree plans to leverage these opportunities to deepen its presence across solar EPC, BESS, and T&D segments as part of a broader energy transition platform.
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
See what Waaree Renewable Technologies Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of Q2 FY2027, the consolidated unexecuted order book stands at more than INR 5,500 crores.
- Breakdown:
- Over INR 3,300 crores from Solar EPC and BESS.
- More than INR 2,200 crores from the Transmission & Distribution (T&D) vertical.
- Recent wins include around 1.7 gigawatts worth of new solar EPC orders in the last quarter.
- Total order pipeline being actively followed is around 25-30 gigawatts domestically and about 9 gigawatts internationally.
- The order book and pipeline provide healthy visibility and are expected to translate into revenue over the next 3-4 quarters.
2 more points from Waaree Renewable Technologies Ltd's call on order book
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Waaree Renewable Technologies Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹452 Cr, net profit ₹68 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Waaree Renewable Technologies Ltd's management said in earlier quarters
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
Others in Electrical Equipment this season
- Apar Industries Ltd (Q2 FY27)
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- 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 Energies Ltd (Q2 FY27)
Q2 FY27 Revenue from Operations: ₹7,517.7 Cr, up 23.9% YoY (Q2 FY26: ₹6,065.6 Cr) . Key investor presentation takeaways from Waaree Energies Ltd's Q2 FY27 inves
- 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
- Strong growth1
- 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 Renewable Technologies Ltd Q2 FY27 results?
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 revenue visibility for coming quarters. Solar EPC remains the core growth driver, supported increasingly by T&D business, diversifying revenue streams.
What is Waaree Renewable Technologies Ltd share price analysis?
Waaree Renewable Technologies Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 13.9 with a market cap of ₹7,072 Cr. Investors should review the full earnings analysis for detailed insights.
Is Waaree Renewable Technologies Ltd planning capital expenditure?
Waaree Renewable Technologies is expanding its manufacturing capabilities with an additional facility at Azamnagar, having a capacity of 1 lakh metric tons, supporting growing transmission and distribution (T&D) infrastructure requirements.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.