Waaree Renewable Tech Shares Surge 13.01% After Doubling Quarterly Profit

Mumbai, October 13: Waaree Renewable Technologies Limited’s share price is witnessing a significant rally today, October 13, after the company announced its best-ever quarterly performance for the quarter ending September 2026.. As of 10:20 AM, the shares of the company were up by 13.01%, or 147.40 points, and were trading at ₹1,280.50. Until now, the shares have traded within a range of ₹1,287 and a low of ₹1,180. The traded volume stood at 76.31 lakh shares, with the company’s market cap at ₹11,813 crore. The shares have their 52-week high at ₹1,287 and 52-week low at ₹841.15.

Waaree Renewable Technologies Ltd (WRTL) is an Indian company that operates as a solar Engineering, Procurement, and Construction (EPC) company. It was established in 1999 and is headquartered in Mumbai, Maharashtra. The shares of the company are listed on NSE with the ticker symbol WAAREERTL and on BSE with the code 534618.

117.4% Year-on-Year Surge in PAT

The rise in the share price comes after the company announced its best-ever quarterly performance for the quarter ending September 2026. For the second quarter ending in FY26, the company’s Revenue from Operations increased by 47.73% to ₹774.78 crore from ₹524.47 crore in the same quarter last year. The EBITDA more than doubled by 120.69% to reach ₹157.94 crore, with the EBITDA margin increasing to 20.39% from 13.85%. Consequently, the Profit After Tax (PAT) jumped by 117.40% to ₹116.34 crore, up from ₹53.52 crore year-on-year. The total revenue for the six-month period rose by 81.12% to ₹1,377.97 crore compared to ₹760.82 crore in the previous year. The EBITDA for H1 grew by 144.56% to ₹275.48 crore, and the Profit After Tax (PAT) saw an increase of 148.21%, reaching ₹202.73 crore.

Continued Solar Projects

The company has a strong order book with an unexecuted EPC backlog of 3.48 GWp, supported by a 27 GWp bidding pipeline. Recently, the company won two major ground-mounted solar power projects – one of 1,218 MWp and another of 29.4 MWp in Q2 FY26. Further, it has approved new capex for solar power plants, including two 14 MWp IPP projects in Maharashtra and a 37.5 MWp IPP project in Bikaner, Rajasthan.

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