BSEResult21h ago · 22 Jul 2026, 08:37 pm
Please find attached herewith Financial Results for the quarter ended 30th June 2026
Waaree Renewable Technologies Ltd · 534618
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Waaree Renewable Technologies Ltd has announced its unaudited financial results for the quarter ended June 30, 2026, with the Board of Directors approving the results and the independent auditor's review report indicating no material misstatements.
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Waaree Renewable Technologies Ltd - 534618 - Financial Results For The Quarter Ended 30Th June 2026
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Execution with Pace & Comfort
July 22, 2026
To To
The Manager The Manager
BSE Limited, National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G,
Dalal Street, Fort, Bandra - Kur la Complex, Bandra (East)
Mumbai-400001 Mumbai - 400 051
Scrip Code: 534618 Scrip Symbol: WAAREERTL
Sub: Outcome of the Board Meeting- Regulation 30 and other applicable regulations of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations 2015.
Dear Sir/Madam,
With reference to the captioned subject and in compliance with Regulation 30 and other applicable
provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to
inform you that the Board of Directors of the Company, at its meeting held today, i.e., Wednesday, July 22,
2026, inter alia, has:
a. Considered and Approved the Un-Audited Financial Results (Consolidated and Standalone) of the
Company for the quarter ended June 30, 2026 along with Limited Review Report as attached in
"Annexure A".
The Meeting commenced at 07:25 p.m. and concluded at 07:49 p.m.
Please take the same on record and arrange to disseminate the same to all concerned.
Thanking you,
Yours faithfully,
For Waaree Renewable Technologies Limited
Hitesh Mehta
Whole Time Director
DIN: 00207506
Place: Mumbai
Waaree Renewable Technologies Limited
(A subsidiary of Waaree Energies limited)
504, Western Edge-1, Off Western Express Highway, Tel: +91 22 6644 4444 CIN: L93000MH1999PLC120470
Borivali (E), Mumbai 400 066, Maharashtra INDIA E : info@waareertl.com GST: 27AADCS1824J2ZB
W : www.waareertl.com
kkc & associates llp
Chartered Accountants
(formerly Khimji Kunverji & Co LLP)
Independent Auditor’s Review Report on unaudited consolidated financial results for the quarter ended
30 June 2026 of Waaree Renewable Technologies Limited under Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended.
The Board of Directors of
Waaree Renewable Technologies Limited
Introduction
1. We have reviewed the accompanying statement of unaudited consolidated financial results of Waaree
Renewable Technologies Limited (‘the Parent’ or ‘the Company’) and its subsidiaries (the Parent and
its subsidiaries together referred to as ‘the Group’) for the quarter ended 30 June 2026 (‘the
Statement’), being submitted by the Company pursuant to the requirements of Regulation 33 of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended (‘Listing Regulations’). We have initialled the Statement for
identification purpose only.
2. This Statement, which is the responsibility of the Company's Management and approved by the
Company’s Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in the Indian Accounting Standard (‘Ind AS’) 34 ‘Interim Financial
Reporting’ prescribed under section 133 of the Companies Act, 2013 (‘the Act’), read with relevant
rules issued thereunder and other accounting principles generally accepted in India and in
compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion
on the Statement based on our review.
Scope of Review
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
(‘SRE’) 2410 - ‘Review of Interim Financial Information Performed by the Independent Auditor of the
Entity’, issued by the Institute of Chartered Accountants of India (‘the ICAI’). A review of interim
financial information consists of making inquiries, primarily of persons responsible for financial and
accounting matters, and applying analytical and other review procedures. A review is substantially
less in scope than an audit conducted in accordance with Standards on Auditing and consequently
does not enable us to obtain assurance that we would become aware of all significant matters that
might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular Issued by the Securities and Exchange
Board of India under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Sunshine Tower, Level 19, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013, India
T: +91 22 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN: AAP-2267
Suite 52, Bombay Mutual Building, Sir Phirozshah Mehta Road, Fort, Mumbai 400001, India
kkc & associates llp
Chartered Accountants
(formerly Khimji Kunverji & Co LLP)
4. The Statement includes the result of the following entities:
Name of the entity Relationship
Waaree Renewable Technologies Limited Parent
Waasang Solar One Private Limited Subsidiary
Sunsational Power Private Limited Subsidiary
Sunsational Solar Private Limited Subsidiary
Sunsantional Energy Private Limited Subsidiary
Associated Power Structures Private Limited (w.e.f 18 Subsidiary
June 2026) (including its following subsidiary)
a. JV of APSPL-CEC
Conclusion
5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based
on consideration of the review report of the other auditor referred to in paragraph 7 below, nothing
has come to our attention that causes us to believe that the accompanying Statement, prepared in
accordance with the recognition and measurement principles laid down in Ind AS specified under
Section 133 of the Act as amended, read with relevant rules issued thereunder and other accounting
principles generally accepted in India, has not disclosed the information required to be disclosed in
terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed,
or that it contains any material misstatement.
Other Matters
6. Attention is drawn to the fact that the figures for the quarter ended 31 March 2026 as reported in these
financial results are the balancing figures between audited figures in respect of the full previous
financial year and the published unaudited year to date figures up to the third quarter of the previous
financial year. The figures up to the end of the third quarter of previous financial year had only been
reviewed and not subjected to audit.
Our conclusion on the Statement is not modified in respect of the above matter.
Sunshine Tower, Level 19, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013, India
T: +91 22 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN: AAP-2267
Suite 52, Bombay Mutual Building, Sir Phirozshah Mehta Road, Fort, Mumbai 400001, India
kkc & associates llp
Chartered Accountants
(formerly Khimji Kunverji & Co LLP)
7. We did not review the financial results of two subsidiaries included in the Statement, whose financial
results, reflect total revenues of Rs. 11,281.16 lakhs (before consolidation adjustments), total net
profit after tax of Rs. 904.42 lakhs (before consolidation adjustments) and total comprehensive
income of Rs. 904.92 lakhs (before consolidation adjustments) for the period 18 June 2026 to 30 June
2026, as considered in the Statement. These financial results have been reviewed by other auditor
and their reports, vide which they have issued an unmodified conclusion on those financial results,
have been furnished to us by the Management and our conclusion on the Statement, in so far as it
relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the
reports of the other auditor and the procedures performed by us as stated in paragraph 3 above. Our
conclusion on the Statement is not modified in respect of the above matter.
8. The statement includes the financial results of four subsidiaries which have not been reviewed by their
auditors, whose interim financial results, reflect total revenues (before consolidation adjustments) of
Rs. 10.40 lakhs, total net profit after tax (before consolidation adjustments) of Rs. 0.81 lakhs and total
comprehensive income (before consolidation adjust
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