Waaree Renewable Q2 FY27 – Profit Jumps 61%

Waaree Renewable Technologies Ltd (WAAREERTL) shares are in focus today after the company reported robust Q2 FY27 results and announced a major expansion in solar EPC and module manufacturing capacity. ☀️ Waaree Renewable Technologies Q2 FY27 Highlights Revenue: ₹1,185 crore (+42% YoY) Net Profit: ₹168 crore (+61% YoY) EBITDA Margin: 18.2% (vs 15.1% YoY) Order Book: ₹6,800 crore (record high) New Projects: 1.2 GW EPC contracts secured in Rajasthan and Gujarat ⚙️ Key Developments Capacity Expansion: Plans to increase solar module capacity to 12 GW by FY28. New manufacturing line for TOPCon and HJT panels commissioned at Surat. Green Hydrogen Initiative: Signed MoU with NTPC Green Energy for 50 MW pilot hydrogen project. Exploring electrolyzer manufacturing partnership with European firm. Subsidiary Update: Waaree Energies to merge with Waaree Renewable Technologies by FY27-end for operational synergy. 📈 Market Reaction Stock Price: ₹2,145 (+5.8%) intraday 52-Week Range: ₹1,120 – ₹2,220 Analyst Sentiment: Bullish; brokerages expect FY27 revenue to cross ₹4,500 crore. 🌍 Outlook Management targets 30% CAGR in revenue over next three years. Focus on utility-scale EPC, green hydrogen, and export markets. Expected to benefit from India’s solar PLI scheme and rising global demand for renewable infrastructure.