Waaree Energies' Q1 FY 2026-27 Quarterly Results

Result Summary

• Waaree Energies Ltd reported a 6.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 76.3%.
• Its expenses for the quarter were down by 5.0% QoQ and up 88.6% YoY.
• The net profit decreased 20.8% QoQ and increased 15.4% YoY.
• The earnings per share (EPS) of Waaree Energies Ltd stood at 29.56 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Waaree Energies Ltd is a prominent entity in the renewable energy sector, particularly known for its manufacturing of solar photovoltaic modules. The company is part of the larger Waaree Group, which has a diverse portfolio in the energy sector. As one of India's leading solar manufacturers, Waaree Energies offers a range of products including solar modules, solar EPC services, project development, rooftop solutions, and solar water pumps. The company has made significant inroads into the global market, exporting its products to numerous countries. Recent developments for Waaree Energies could include expansions in manufacturing capacity or strategic partnerships aimed at enhancing its market presence, though specific details regarding such developments are not provided in the current data.

Revenue

In the first quarter of FY27, Waaree Energies Ltd reported a total income of ₹8102.60 crores. This represents a quarter-over-quarter (QoQ) decline of 6.4% from the ₹8659.98 crores reported in Q4FY26. However, when compared year-over-year (YoY) with Q1FY26, where the total income was ₹4597.18 crores, there is a significant increase of 76.3%. This substantial YoY growth suggests that the company has considerably increased its revenue generation capabilities over the past year, although the quarterly dip might indicate a seasonal or cyclical trend.

Profitability

In terms of profitability, Waaree Energies Ltd recorded a profit before tax of ₹1210.38 crores in Q1FY27, which is a decline of 14.0% from the previous quarter's ₹1407.95 crores. The profit after tax for the same period was ₹891.87 crores, showing a decrease of 20.8% from the ₹1126.26 crores reported in Q4FY26. On a YoY basis, the profit before tax has increased by 28.3% from ₹943.36 crores in Q1FY26, and the profit after tax has risen by 15.4% from ₹772.89 crores. These figures indicate a strong YoY improvement in profitability, despite the QoQ downturn. Additionally, the tax expense for Q1FY27 was ₹318.51 crores, up 13.1% QoQ and 86.8% YoY, reflecting changes in the company's tax obligations or profit structure.

Operating Metrics

The operating expenses for Waaree Energies Ltd in Q1FY27 were reported at ₹6892.22 crores, which represents a decrease of 5.0% from the previous quarter's ₹7252.03 crores. When compared to Q1FY26, where total expenses were ₹3653.82 crores, there is an 88.6% increase. The earnings per share (EPS) for Q1FY27 is ₹29.56, marking a decrease of 19.8% from ₹36.84 in Q4FY26, while showing a YoY increase of 14.0% from ₹25.94 in Q1FY26. The decrease in QoQ EPS aligns with the drop in profit after tax, whereas the YoY increase reflects the overall improvement in the company's profitability. These metrics provide insights into the operational efficiency and shareholder value creation of Waaree Energies Ltd over the reported periods.