Waaree Renewable Technologies Ltd (NSE:WAAREERTL)

Q2 2026 Waaree Renewable Technologies Ltd Earnings Call Transcript

Oct 13, 2025 / 11:00 AM GMT

Release Date Price: ₹1230.3 (+8.57%)

Transcript

Key Points

Positve

Waaree Renewable Technologies Ltd (BOM:534618) reported the highest ever quarterly revenue in Q2 FY2026, with a 47.73% increase year-over-year.
The company's EBITDA margin improved significantly to 20.39% from 13.65% in the same period last year.
The unexecuted order book remains strong at 3.48 gigawatts, providing visibility for future quarters.
The company executed 1,621 megawatts of EPC projects in H1 FY2026, exceeding the full-year execution of FY2025.
The reduction in GST on solar modules from 12% to 5% is expected to decrease capital expenditure, enhancing investment opportunities.

Negative

There are concerns about potential delays in order bookings due to extensions in PPA signings.
The company faces pricing pressure due to competition while picking up new orders.
The cash flow from operating activities remained flat despite growth in execution.
There is uncertainty regarding the impact of geopolitical tensions and trade uncertainties on overseas business.
The company has not yet secured any significant orders in the data center EPC segment, despite exploring opportunities.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WAAE.NS - Waaree Renewable Technologies Ltd
Q2 2026 Waaree Renewable Technologies Ltd Earnings Call
Oct 13, 2025 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Wari Renewable technologies Limited conference call hosted by MRG in time India Private Limited.

As a reminder, all participant clients will be the lesson only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchtone phone.

I now hand the conference over to Mr. Prathamesh Para from MUFG in Time India Limited.

Thank you and over to you, Mr. Pratmesh.

Sir, we are unable to hear you.

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