Shares of Waaree Renewable Technologies Ltd. gained as much as 14% on Monday, October 13, following the company's strong September quarter results.

For the quarter, Waaree reported consolidated revenue of ₹774.7 crore, up 47.7% year-on-year from ₹524.4 crore in the same period last year. Profit after tax (PAT) climbed 117.4% to ₹116.3 crore, compared with ₹53.5 crore in Q2FY25.

EBITDA more than doubled, rising 120.6% to ₹157.9 crore from ₹71.6 crore, while the EBITDA margin expanded to 20.4% from 13.6% a year ago.

The company's order book remains robust, with an unexecuted order pipeline of 3.48 GWp scheduled for execution over the next 12–15 months, and a bidding pipeline exceeding 27 GWp. Recent wins during the quarter included a 1,218 MWp ground-mounted solar project and a 29.4 MWp g

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