Waaree Renewable Share Price Soars 13% on Record-Breaking Q2 Results

The Waaree Renewable Technologies share price surged by over 13% on Monday, October 13, 2025, hitting a new all-time high of ₹1,287.70 after the company announced a stellar set of results for the second quarter of FY26. The solar energy firm's net profit more than doubled, driven by record revenues and strong project execution, fueling a major rally in the stock and reinforcing investor confidence in its growth story.​

Table of Contents

1. A Record-Breaking Quarter for Waaree Renewable Technologies
2. What's Powering the Rally in the Waaree Renewables Share Price?
3. Stock Performance and Investment Outlook
4. Frequently Asked Questions (FAQs)

A Record-Breaking Quarter for Waaree Renewable Technologies

Waaree Renewable Technologies, a key player in India's solar EPC (Engineering, Procurement, and Construction) sector, delivered its best-ever quarterly performance for the period ending September 30, 2025.​

Here are the key highlights from the Q2 FY26 results:

• Net Profit Skyrockets: Consolidated net profit after tax (PAT) jumped by an impressive 117.4% year-over-year (YoY) to ₹116.34 crore, up from ₹53.52 crore in the same quarter last year.​

• Record Revenue Growth: Revenue from operations surged by 47.7% YoY to ₹774.78 crore, the highest-ever quarterly revenue for the company.​

• Operational Excellence: The company's operational efficiency was on full display, with EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) growing by 120.7% YoY to ₹157.94 crore. The operating margin improved sharply to 20.4% from 13.6% a year ago, signalling enhanced profitability.​

What's Powering the Rally in the Waaree Renewables Share Price?

The exceptional financial performance is not a one-off event but the result of a strong business strategy and favourable market conditions.

• Robust Order Book and Strong Execution: The primary driver is the company's strong execution capabilities, backed by a healthy order book. As of the end of the quarter, Waaree's unexecuted order book stood at a massive 3.48 GWp, which is scheduled to be completed over the next 12 to 15 months, providing clear revenue visibility.​

• Healthy Bidding Pipeline: The company's future growth looks secure, with a robust bidding pipeline exceeding 27 GWp, indicating a steady flow of potential new projects.​

• Expansion and Diversification: Waaree is actively expanding into new, high-growth energy verticals, including Battery Energy Storage Systems (BESS) and data centres. The board has also approved capital expenditure for new solar power plants in Maharashtra and Rajasthan, further strengthening its portfolio as an Independent Power Producer (IPP).​

• Strong Sectoral Tailwinds: The company is a key beneficiary of India's aggressive push towards renewable energy. As of September 2025, India's installed renewable capacity reached 256 GW, marking the halfway point to its ambitious target of 500 GW by 2030. This national mission provides a powerful and sustained tailwind for companies like Waaree Renewable Technologies.​

Stock Performance and Investment Outlook

The market's reaction to the blockbuster results was immediate and overwhelmingly positive. The Waaree Renewable Technologies share price rallied sharply on heavy trading volumes, significantly outperforming a weak broader market.​

For investors, the results confirm that the company is firing on all cylinders. The combination of a strong order book, operational efficiency, strategic diversification, and a supportive policy environment paints a bullish picture. The Waaree Renewable Technologies share price has become a key proxy for India's clean energy transition, and its latest performance demonstrates its ability to translate that macro story into concrete financial results.

Frequently Asked Questions (FAQs)

Q1: Why did the Waaree Renewable Technologies share price surge by over 13%?
A1: The stock surged to a new all-time high after the company reported record-breaking results for Q2 FY26, with its net profit more than doubling (up 117.4% YoY) to ₹116.34 crore and revenue growing by 47.7% YoY.

Q2: What is driving Waaree Renewable's strong performance?
A2: The company's growth is driven by its strong execution of a large order book (3.48 GWp), a healthy bidding pipeline (over 27 GWp), expansion into new areas like BESS and data centres, and the overall tailwinds from India's push for renewable energy.

Q3: What is the company's order book status?
A3: As of September 30, 2025, the company has an unexecuted order book of 3.48 GWp, which provides strong revenue visibility for the next 12 to 15 months.

Q4: How does Waaree Renewable's performance compare to the broader energy sector?
A4: The stock's performance has been exceptional, rallying over 13% on a day when the broader Nifty Energy index was in the red. This highlights the strong investor confidence in the company's specific growth story.

Q5: What is the investment outlook for Waaree Renewable Technologies?
A5: The outlook appears positive, supported by a strong order book, improving margins, strategic diversification, and favourable government policies for the renewable energy sector. The company is well-positioned to be a key beneficiary of India's clean energy transition.