Press Release

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 - Kurla Complex, Bandra (East) Mumbai-400001 Mumbai - 400 051 Scrip Code: 534618 Scrip Symbol: WAAREERTL Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 — Press Release Dear Sir / Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed herewith our Press Release on Financial Results for the Quarter ended June 30, 2026. We request you to kindly take the above on record. Thanking you, Yours faithfully, For Waaree Renewable Technologies Limited Heema Shah Company Secretary ACS 52919 Email Id: info@waareertl.com 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: 27AADCS 1824J2ZB W : www.waareertl.com WAAREE RENEWABLE TECHNOLOGIES LIMITED Reports Strong Q1 FY27 Results, Continues Consistent Growth Trajectory Revenue from operations for Q1 FY27 stood at Rs. 924.25 crores a growth of 53.23% YoY Strong unexecuted orderbook of Rs. 5,300+ crores underpins sustained revenue visibility July 22, 2026, Mumbai: Waaree Renewable Technologies Limited(WRTL), the EPC arm of the Waaree Group, stands among the leading players in the EPC and T&D space. Beyond its core renewable EPC business, WRTL has been expanding its capabilities across adjacent segments. The recent acquisition of Associated Power Structures Pvt. Ltd. (APSPL) strengthens the company's presence in the transmission and distribution (T&D) space. Company is also actively pursuing EPC opportunities in Battery Energy Storage Systems and Data Centre. These steps reflect WRTL's effort to build a broader and more integrated presence across the clean energy value chain. It has announced its unaudited financial results for the quarter ended on June 30, 2026. CONSOLIDATED FINANCIAL HIGHLIGHTS – Q1 FY27 Revenue from Operations EBITDA PAT Rs. 924.25 Cr Rs. 173 .48 Cr Rs. 1 1 8. 97 Cr 53.23 % 47.58 % 37.70 % YoY YoY YoY Particulars Y-o-Y Q1FY27 Q1FY26 (In Rs. Cr) Change Revenue from Operations 924.25 603.19 53.23% EBITDA 173.48 117.55 47.58% EBITDA Margin 18.77% 19.49% PAT 118.97 86.40 37.70% PAT Margin 12.87% 14.32% KEY PERFORMANCE HIGHLIGHTS Q1 FY27 • Revenue from operations stood at Rs. 924.25 crores representing a growth of 53.23% YoY as compared to Rs. 603.19 crores in Q1 FY26. We believe the true measure of business strength lies in sustained YoY growth. • EBITDA stood at Rs. 173.48 crores as compared to Rs. 117.55 crores in Q1 FY26 showcasing a growth of 47.58 % YoY • PAT stood at Rs. 118.97 crores as compared to Rs. 86.40 crores in Q1 FY26 representing a growth of 37.70% YoY Order book Position: • Consolidated unexecuted order book of Rs. 5,300+ crores • Bidding pipeline remains strong for solar of 37 GWp+, BESS of 10 GWh+ and T&D of Rs. 20k Cr+ Key Updates • Recent Order Wins o 1,520 MWh BESS order o 450 MWp Ground Mounted solar power project • Acquired 55% Equity stake in Associated Power Structures Pvt. Ltd (T&D). Commenting on the results Mr. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said: “The global business environment continues to face multiple challenges, including geopolitical tensions tariff uncertainties supply chain adjustments and regional conflicts. Despite these headwinds, we are pleased to begin FY27 on a strong note, with consolidated revenue for Q1 FY27 at ₹ 924.25 crores compared to ₹603.19 crore in Q1 FY26, reflecting a robust growth of 53.23%. This performance was driven by steady execution across our EPC portfolio, efficient resource deployment, and a sustained focus on disciplined project delivery. India's installed renewable energy capacity stood at over 288 GW as of June 2026, with solar capacity crossing 162 GW and remaining the leading driver of the country's clean energy transition. With India targeting 500 GW of non-fossil fuel capacity by 2030, there remains a significant pipeline of projects yet to be built, providing a strong runway for utility-scale renewable development. Beyond this, BESS EPC and hybrid renewables represent an emerging growth opportunity, supported by rising demand for grid stability and round-the-clock clean power. During the quarter, we completed the acquisition of a 55% stake in Associated Power Structures Pvt. Ltd. This strengthens our capabilities in transmission and distribution (T&D), enabling us to offer integrated solutions while continuing to expand our renewable EPC business in a disciplined and scalable manner. Backed by a healthy unexecuted order book of Rs. 5,300+ crores, WRTL remains well positioned for sustained growth, supported by expanding O&M capabilities. Supported by a strong execution track record and expanding capabilities, we remain confident in our long-term growth strategy. We will continue to focus on disciplined execution, operational excellence, and delivering sustainable value to our stakeholders. About Waaree Renewable Technologies Limited Waaree Renewable Technologies Limited (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. We are also a solar developer that finances, constructs, owns and operates solar projects. Headquartered in Mumbai, we operate across geographies, focusing on long- term investments within the commercial and industrial customer segments. This subsidiary was formed to tap into the growing renewable energy market. Waaree group is a leading renewable energy company that caters Individual, Industrial and Commercial customers by encouraging them to adapt energy solutions that helps in reducing the release of carbon. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). The company has also taken measured steps to expand into adjacent segments of the T&D space. WRTL is additionally pursuing EPC opportunities in Battery Energy Storage Systems and data centre infrastructure For further information, please connect with us: Company: Waaree Renewable Technologies Limited Investor Relations: MUFG Intime India Pvt Ltd. Mr. Neeraj Vinayak (Vice President – Investor Relations) Mr. Nikunj Jain Email: neerajvinayak@waaree.com Email: nikunj.jain@in.mpms.mufg.com Mr. Rohit Wade (General Manager – Investor Relations) Mr. Prathmesh Parab Email: rohitwade@waaree.com Email: prathmesh.parab@in.mpms.mufg.com Website: www.waareertl.com Safe Harbour This document is to provide the general background information about the Company’s activities as at the date of the release. The information contained herein is for general information purposes only and based on estimates and should not be considered as a recommendation that any investor should subscribe / purchase the company shares. The Company makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information contained herein. This release may include certain forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as ''expects", "plans", 'will", "estimates", "projects", or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in such forward-looki [Showing first 8,000 characters — download PDF for full document]