Waaree Renewable Technologies Delivers Power-Packed Q1 and Strategic Stake in Smart Joules

Waaree Renewable Technologies Ltd has reported a strong financial and strategic performance for the June quarter, underscoring its aggressive growth trajectory in India’s clean energy landscape.

Key Financial Highlights:

- Consolidated revenue from operations surged to 6.03 billion rupees, reflecting robust execution across solar EPC projects.

- Net profit for the quarter stood at 864.4 million rupees, showcasing operational efficiency and margin resilience.

- The company’s EBITDA margin remained healthy, supported by scale benefits and disciplined cost control.

Strategic Investment Update:

- Waaree has invested 79.8 million rupees in Smart Joules Pvt Ltd, acquiring a 3.23 percent equity stake.

- Smart Joules is a leading energy-efficiency solutions provider, known for its proprietary JoulePAYS platform and hospital-focused decarbonization services.

- The investment aligns with Waaree’s broader strategy to diversify into adjacent clean-tech verticals and expand its ESG footprint.

Operational Momentum:

- The company’s unexecuted order book remains strong, with over 2,000 MW of solar EPC projects in the pipeline.

- Waaree continues to benefit from India’s solar push, with policy tailwinds and rising demand from commercial and industrial clients.

Market Reaction:

- Waaree’s stock has rallied nearly 30 percent over the past week, driven by investor optimism around its Q1 performance and 
strategic moves.

- Trading volumes hit record highs, signaling renewed institutional interest.

Sources: Business Standard, Economic Times, CNBC TV18, Moneycontrol, Waaree Renewable Technologies Exchange Filings.