Consolidated Financial Results (Q1 FY27)

  • Total Income: ₹92,952.52 lakhs (Q1 FY26: ₹60,659.91 lakhs) - 53.23% YoY increase
  • Total Expenses: ₹76,613.44 lakhs (Q1 FY26: ₹49,144.10 lakhs)
  • Profit Before Tax: ₹16,339.08 lakhs (Q1 FY26: ₹11,657.44 lakhs)
  • Tax Expense: ₹4,441.46 lakhs (Current Tax: ₹4,074.59 lakhs, Deferred Tax: ₹366.87 lakhs)
  • Net Profit: ₹11,897.62 lakhs (Q1 FY26: ₹8,638.94 lakhs)
  • Profit Attributable to Owners: ₹11,590.01 lakhs (Q1 FY26: ₹8,644.40 lakhs)
  • Earnings Per Share (Basic): ₹11.11 (Q1 FY26: ₹8.29)
  • Earnings Per Share (Diluted): ₹11.09 (Q1 FY26: ₹8.27)
  • Paid-up Equity Share Capital: ₹2,086.92 lakhs (Face Value: ₹2 per share)

Standalone Financial Results (Q1 FY27)

  • Total Income: ₹81,824.82 lakhs (Q1 FY26: ₹60,802.98 lakhs)
  • Total Expenses: ₹66,150.56 lakhs (Q1 FY26: ₹49,130.73 lakhs)
  • Profit Before Tax: ₹15,674.26 lakhs (Q1 FY26: ₹11,672.25 lakhs)
  • Tax Expense: ₹4,225.57 lakhs (Current Tax: ₹3,788.64 lakhs, Deferred Tax: ₹436.93 lakhs)
  • Net Profit: ₹11,448.69 lakhs (Q1 FY26: ₹8,654.29 lakhs)
  • Earnings Per Share (Basic): ₹10.97 (Q1 FY26: ₹8.30)
  • Earnings Per Share (Diluted): ₹10.95 (Q1 FY26: ₹8.28)

Significant Corporate Development

On January 26, 2026, the Board approved the acquisition of 55% stake in Associated Power Structures Private Limited (APSPL), which is engaged in power transmission and distribution infrastructure business. The acquisition was completed on June 18, 2026, for a total consideration of ₹1,22,500 lakhs through primary and secondary transactions. Consequently, APSPL became a subsidiary of the company effective June 18, 2026.

Segment-wise Performance (Consolidated)

The company operates in three segments:

1. EPC Contracts - Solar Power Plants: Revenue of ₹80,338.90 lakhs, Segment Result of ₹15,228.82 lakhs

2. Power Sale: Revenue of ₹805.00 lakhs, Segment Result of ₹498.99 lakhs

3. EPC Contracts - Transmission and Distribution (new segment): Revenue of ₹11,281.16 lakhs, Segment Result of ₹1,042.43 lakhs

ESOP Charges

The company recorded ESOP charges of ₹11.50 lakhs for Q1 FY27 (Q1 FY26: ₹9.66 lakhs) under Employee Benefits Expense as part of the ESOP 2022 plan.

Auditor's Review

The financial results were reviewed by KKC & Associates LLP (formerly Khimji Kunverji & Co LLP), who issued an unmodified conclusion. The review noted that the results include APSPL's financials from June 18, 2026, making quarterly comparisons with previous periods not directly comparable.

Consolidation Entities

The consolidated results include the following entities:

  • Waaree Renewable Technologies Limited (Parent)
  • Waasang Solar One Private Limited (Subsidiary)
  • Sunsational Power Private Limited (Subsidiary)
  • Sunsational Solar Private Limited (Subsidiary)
  • Sunsantional Energy Private Limited (Subsidiary)
  • Associated Power Structures Private Limited (Subsidiary from June 18, 2026)