Waaree Renewable Technologies Ltd reported a consolidated net profit of ₹11,897.62 lakh for the quarter ended June 30, 2026, a 37.7% increase from ₹8,638.94 lakh in the same period last year. Revenue from operations surged 53.2% to ₹92,425.06 lakh from ₹60,318.58 lakh in Q1FY26. The board approved the unaudited standalone and consolidated financial results on July 22, 2026. The company completed the acquisition of a 55% stake in Associated Power Structures Private Limited on June 18, 2026, for ₹1,22,500 lakhs, adding a new transmission and distribution segment.

Consolidated Financial Performance

The company's total income for Q1FY27 stood at ₹92,952.52 lakh, compared to ₹60,801.54 lakh in the prior year. Total expenses increased to ₹76,613.44 lakh from ₹49,144.10 lakh. Profit before tax rose to ₹16,339.08 lakh from ₹11,657.44 lakh. Basic earnings per share (EPS) increased to ₹11.11 from ₹8.29 in the corresponding quarter of the previous year.

Standalone Results

Standalone net profit for the quarter was ₹11,448.69 lakh, up 32.3% from ₹8,654.29 lakh in Q1FY26. Revenue from operations stood at ₹81,133.50 lakh, compared to ₹60,309.81 lakh in the previous year. Total expenses increased to ₹66,150.56 lakh from ₹49,130.73 lakh. Basic EPS for the standalone entity was ₹10.97, compared to ₹8.30 in the same period last year.

Segment Performance and Acquisition

The EPC Contracts - Solar Power Plants segment generated revenue of ₹80,338.90 lakh, while the newly included EPC Contracts - Transmission and Distribution segment contributed ₹11,281.16 lakh following the acquisition of Associated Power Structures Private Limited. The Power Sale segment reported revenue of ₹805.00 lakh. The financial results of the new subsidiary are included from June 18, 2026, making the figures for the quarter not comparable with the previous corresponding period. KKC & Associates LLP, the independent auditor, reviewed the financial results.

Waaree Energies Limited, the promoter of Waaree Renewable Technologies Ltd , has confirmed that it did not create any encumbrances on the shares held by it during the financial year ended March 31, 2026. The declaration covers shares held both directly and indirectly, providing clarity to shareholders regarding the status of the promoter's holdings.

The disclosure was made in accordance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to periodically inform the stock exchanges about any encumbrances created on their shareholdings.

The confirmation was signed by Hitesh Pranjivan Mehta, Whole Time Director of Waaree Energies Limited, on April 09, 2026. The letter was addressed to the listing departments of BSE Limited and National Stock Exchange of India Limited to ensure the information is placed on public record.

Key Details of the Declaration

The submission ensures compliance with regulatory requirements aimed at maintaining transparency in the shareholding patterns of listed entities. The Audit Committee of Waaree Renewable Technologies Limited has also been marked a copy of the declaration.