Waaree Renewable Technologies Extends Rally, Reaches New 52-Week High Post-Stellar Q2 Results

Mumbai, October 14, 2025: Waaree Renewable Technologies Ltd (NSE: WAAREERTL) shares continued to extend their strong rally on Tuesday, rising 6.52% in initial morning trade after the company reported record-breaking Q2 results. The stock reached a new 52-week high of ₹1,320.90, extending Monday’s 11.5% rally.

Waaree Renewable Technologies Ltd, which is part of Waaree Group, is a top engineering, procurement, and construction (EPC) company for solar power projects. Waaree Renewable Technologies Ltd also has IPP operations and offers turnkey solar solutions to industrial and commercial customers. Based in Mumbai, Waaree Renewable Technologies remains an integral part of India’s shift towards clean energy. It features in the Nifty Total Market Index within the Electrical Equipment sector, signaling the company’s increased relevance within the renewable energy space.

Stock Performance

As of 11:40 AM IST on October 14, the stock was trading at ₹1,265.00, up ₹34.70 or 2.82%. The counter was one of the day’s top gainers on the bourse, with traded volume of 22.12 lakh shares and turnover of ₹282 crore. The market capitalisation of the company was ₹13,667 crore with a free-float value of ₹3,345 crore, highlighting strong investor interest.

Strong Q2FY26 Performance Drives Rally

The new rally follows on the back of Waaree’s stellar Q2FY26 earnings, which registered strong growth across all the important parameters. Profit after tax (PAT) doubled year-on-year to ₹116.34 crore, while revenue from operations surged 47.7% to ₹774.78 crore.

The firm’s EBITDA increased steeply by 120.7% to ₹157.94 crore, driven by a robust order book and rising operational margins. PAT margin also widened to 15.02% from 10.20% in the previous year, demonstrating higher profitability due to gains in efficiency and efficient cost management.

Increasing Order Book and Growth Prospects

Waaree’s unexecuted order book for EPC is at 3.48 GWp, which is likely to be executed in the next 12 to 15 months. Waaree also has a strong bidding pipeline of more than 27 GWp, which ensures visibility on future revenues.

Over the last few months, Waaree has acquired large-scale solar EPC orders for 1,247 MWp in India and has sanctioned new capital expenditure proposals for solar Independent Power Producer (IPP) projects in Maharashtra and Rajasthan. These strategic moves enhance its focus on capacity augmentation and long-term sustainable growth.

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