Waaree Renewable reports strong quarterly performance with higher margins

Waaree Renewable posted Q2 FY26 net profit of ₹116.35 crore, rising 117% year-on-year, supported by strong module demand and operational efficiencies. Revenue increased 47.73% to ₹774.78 crore as solar expansion projects progressed. ROCE reached 82.31%, reflecting improved asset utilization. Shares traded near ₹1,291, with investors tracking order-book visibility and domestic capacity additions across the renewable-energy segment.