Waaree Renewable Technologies on Thursday reported a net profit of Rs 86.44 crore for the first quarter of fiscal 2026, reflecting a 205% year-over-year (YoY) growth from a profit of Rs 28.30 crore reported in the year-ago quarter.
The net profit is attributable to the shareholders of the company.The renewable energy company said its revenue from operations for the first quarter ended June 2025 stood at Rs 603.18 crore, surging 155% YoY from Rs 236.35 crore reported in the previous corresponding quarter of last year.
On a sequential basis, revenue grew 25.6% from Rs 476.57 crore in the March 2025 quarter.The company's total expenses for the June 2025 quarter came in at Rs 491.44 crore, a 146% rise from Rs 199.84 crore spent in the June 2024 quarter.Shares of the company fell after the earnings announcement to trade 0.8% lower at Rs 1193.60 on the BSE.
The stock was trading 1.4% higher at Rs 1220.35 before the results were announced.Waaree Renewable's shares have dropped 15.5% in the last one year and have fallen 38.4% in the last 12 months.Live EventsThe stock is currently trading above all eight key simple moving averages, from the 5-day to the 200-day, indicating strength across timeframes.
The Relative Strength Index stands at 66.2, and the MACD at 96.6, both reflecting bullish momentum.In the fourth quarter of FY25, the company had posted an 83% year-on-year jump in consolidated net profit to Rs 93.76 crore, alongside a 74% surge in total revenue to Rs 476.57 crore.
Growth was led by the core EPC business, which had contributed Rs 469.72 crore, up 76% from the year-ago period, while revenue from power sales had remained flat at Rs 6.85 crore.
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