Waaree Energies Q2 Profit Drops 14% as Operating Margins Contract

Key Facts

Waaree Energies net profit fell 14% to ₹753 crore in the second quarter of fiscal year 2027. Upstox reported that the company's shares dropped 3% on Wednesday following the release of financial results showing a significant year-on-year profit contraction.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) declined 5.1% to ₹1,335 crore, as the EBITDA margin dropped to 17.8% from 23.2% in the previous year. The EPC contract business saw a major drawdown with revenues falling to ₹447 crore, while the retail segment's share of the revenue mix increased to 46% for the quarter ended September 2026.