Now Reading: Waaree Energies Q2 profit falls 14.7%, revenue up 24%
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Waaree Energies Q2 profit falls 14.7%, revenue up 24%
The Story in Brief
Waaree Energies reported a 14.7% year-on-year decline in consolidated net profit to Rs 718.68 crore for the July-September quarter (Q2 FY27), compared with Rs 842.5 crore a year ago. Revenue from operations rose 23.9% to Rs 7,518 crore from Rs 6,066 crore. EBITDA fell 5% to Rs 1,336 crore, with margin contracting to 18% from 23%.
Separately, the company announced the acquisition of 100% shareholding in Waaree Green Data Centers Private Limited (WGDCPL) from its subsidiary Waaree Renewable Technologies Limited. The transaction includes WGDCPL's two wholly owned subsidiaries, Aurovault Data Centers Private Limited and Sunstar Data Centers Private Limited, and is a related-party deal at arm's length. The company said it is evaluating entry into developing, owning and operating data centres, including hyperscale, AI and edge data centres. The acquisition is expected to be completed during FY27.
Indian Opinion Analysis
Both sources report the same headline figures: profit down 14.7%, revenue up 24%, and EBITDA margin at 18% from 23%. CnbcTV18 frames the profit decline against a strong Q1 performance (profit up 14.1% to Rs 850 crore) and leads with the revenue rise, while the Economic Times leads with the profit fall and notes the stock has declined 23% in 2026. On the data centre acquisition, cnbcTV18 emphasises it as part of a broader expansion beyond solar modules into batteries and transmission equipment, citing Chairman Hitesh Doshi's September interview. The Economic Times reports the acquisition more narrowly, stating the consideration (Rs 1 lakh for 10,000 shares) and noting the company has not provided turnover details of the target entities. The coverage is uniform on core financials, the strategic context is fuller in cnbcTV18's account. The next concrete item is the December start of shipments for a 2 GW solar module order, which cnbcTV18 reports.
Coverage: 2 sources, 2 neutral
Sources (2): cnbctv18.com (neutral report), economictimes.indiatimes.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
