From The Economic Times · Kumar Gaurav · · 1m 20s
Waaree Energies Q2 Results: Profit Falls 15% YoY
Waaree Energies reports 15% lower quarterly profit despite 24% revenue growth as it acquires data centers for AI infrastructure.
In brief
Waaree Energies reports 15% lower quarterly profit despite 24% revenue growth as it acquires data centers for AI infrastructure. Waaree Energies reported a 14.7% year-on-year decline in net profit to Rs 718.68 crore for Q2FY27, with revenue rising 23.9% to Rs 7,518 crore. Originally reported by The Economic Times.
Q2FY27 Profit Decline
Waaree Energies reported a 14.7% year-on-year decline in net profit to Rs 718.68 crore for Q2FY27, compared with Rs 842.5 crore in Q2FY26.
Revenue Growth
Revenue from operations rose 23.9% year-on-year to Rs 7,518 crore from Rs 6,066 crore in the previous year's quarter.
EBITDA Margin Decline
Operating performance remained under pressure, with EBITDA declining 5% year-on-year to Rs 1,336 crore from Rs 1,406 crore.
Data Center Acquisition
Waaree Energies acquired 100% shareholding in Waaree Green Data Centers Private Limited and its two subsidiaries for Rs 1 lakh cash.
Acquisition Purpose
The company aims to explore opportunities in AI infrastructure and digital services beyond solar operations through the data centers.
Share Price Impact
Shares ended 1.90% lower at Rs 2,275, with a 23% decline in 2026 and a 52-week range of Rs 2,259 to Rs 3,643.
Market Capitalization
Waaree Energies had a market capitalization of around Rs 65,441 crore at Tuesday's closing price.
What to remember
Waaree Energies reported a 14.7% year-on-year decline in net profit to Rs 718.68 crore for Q2FY27, with revenue rising 23.9% to Rs 7,518 crore.
