Waaree Renewable Technologies Limited (WRTL), the EPC arm of the Waaree Group, has reported a strong start to FY27, driven by steady execution across its renewable energy portfolio and expanding capabilities across emerging clean energy segments.
The company announced its unaudited consolidated financial results for the quarter ended June 30, 2026, reporting revenue from operations of Rs. 924.25 crore, marking a 53.23% year-on-year growth compared with Rs. 603.19 crore in Q1 FY26.
WRTL’s strong quarterly performance was supported by robust project execution, efficient resource deployment, and a growing presence across renewable EPC, transmission and distribution (T&D), Battery Energy Storage Systems (BESS), and data centre opportunities.
The company’s consolidated EBITDA stood at Rs. 173.48 crore in Q1 FY27, up 47.58% YoY from Rs. 117.55 crore in the corresponding quarter last year. Profit after tax (PAT) increased 37.70% YoY to Rs. 118.97 crore compared with Rs. 86.40 crore in Q1 FY26.
WRTL continues to maintain a strong growth outlook with a consolidated unexecuted order book exceeding Rs. 5,300 crore.
Commenting on the results, Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said: “The global business environment continues to face multiple challenges, including geopolitical tensions tariff uncertainties supply chain adjustments and regional conflicts.
"Despite these headwinds, we are pleased to begin FY27 on a strong note, with consolidated revenue for Q1 FY27 at Rs. 924.25 crore compared to Rs.603.19 crore in Q1 FY26, reflecting a robust growth of 53.23%. This performance was driven by steady execution across our EPC portfolio, efficient resource deployment, and a sustained focus on disciplined project delivery."
He added: "India's installed renewable energy capacity stood at over 288 GW as of June 2026, with solar capacity crossing 162 GW and remaining the leading driver of the country's clean energy transition.
"With India targeting 500 GW of non-fossil fuel capacity by 2030, there remains a significant pipeline of projects yet to be built, providing a strong runway for utility-scale renewable development. Beyond this, BESS EPC and hybrid renewables represent an emerging growth opportunity, supported by rising demand for grid stability and round-the-clock clean power.
"During the quarter, we completed the acquisition of a 55% stake in Associated Power Structures Pvt. Ltd. This strengthens our capabilities in transmission and distribution (T&D), enabling us to offer integrated solutions while continuing to expand our renewable EPC business in a disciplined and scalable manner."
Backed by a healthy unexecuted order book of Rs. 5,300+ crore, he said, "WRTL remains well positioned for sustained growth, supported by expanding O&M capabilities. Supported by a strong execution track record and expanding capabilities, we remain confident in our long-term growth strategy. We will continue to focus on disciplined execution, operational excellence, and delivering sustainable value to our stakeholders.”
