Negative impactCompany
Waaree Renewable Q2 results: Profit falls 30% to ₹82 crore despite 37% revenue growth
CNBC-TV18 2 hrs ago·19 Oct 2026, 2:46 pm
Waaree Renewable reported a 30% drop in net profit to ₹82 crore for the second quarter, despite a 37% rise in revenue. The company attributes this decline to higher financing costs and a shift in its business mix, which impacted overall margins. Investors should note that while revenue is expanding, the cost of capital and strategic changes are currently squeezing profitability.
Despite the profit dip, Waaree maintains a strong order book of over ₹5,500 crore, signaling robust future demand. The company's board has also approved a new solar power plant in Maharashtra, which could drive growth in the coming quarters. Investors should monitor the company's ability to manage costs and execute new projects to gauge its long-term recovery.
Excerpt from CNBC-TV18
Published On Oct 19, 2026 | 20:16 IST Last Updated On Oct 19, 2026 | 20:16 IST Waaree Renewable Technologies reported a 30% drop in Q2 net profit to ₹82 crore, while operating revenue rose 36.5% to ₹1,057.84 crore. EBITDA grew 1.3% to ₹160 crore, though the margin declined to 15%. The company's unexecuted order book…Read the original at CNBC-TV18
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- Category: Company.
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