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Technologies surges over 13% to hit a fresh lifetime high as Q2 profit more than doubles

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Technologies Ltd rallied up to 13.6% to a new all-time high of ₹1,287 on Monday, following the company’s stellar Q2 performance marked by record revenue and robust profit growth. At 9:40 a.m., the stock was trading near ₹1,280, extending its five-day winning streak to over 22%. The company’s market capitalisation crossed ₹13,000 crore, with the stock gaining nearly 49% over the past year. Record-Breaking Q2 Performance Renewable’s consolidated net profit jumped 117% year-on-year to ₹116.3 crore in Q2 FY26, compared with ₹53.5 crore in the same period last year. Revenue from operations grew 47.7% to ₹774.8 crore. EBITDA more than doubled to ₹157.9 crore from ₹71.6 crore, while operating margins surged to 20.4% from 13.6%, reflecting improved efficiency and strong execution across ongoing projects. The solar EPC and IPP player highlighted that the September quarter delivered its highest-ever revenue and profit, supported by expansion into renewable verticals such as Battery Energy Storage Systems and data centres. Strong Order Book and Outlook The company’s pending order book stood at 3.48 GWp, expected to be executed within 12–15 months, backed by a robust bidding pipeline exceeding 27 GWp. During the quarter, Waaree Renewable secured new solar project orders of around 1.25 GWp. On Friday, the stock had closed 2.2% higher at ₹1,134.60, and Monday’s rally pushed it to fresh lifetime highs, with trading volumes spiking sharply after the quarterly results. At the current market price, the stock trades at a P/E ratio of 46.3 Investment in securities market are subject to market risks. Read all the related documents carefully before investing.