Please find attached herewith press release for quarter and half year ended 30th September 2026

Execution with Pace & Comfort October 19, 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 and Half Year ended September 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 Delivers 36.53% revenue growth YoY; maintains positive EBITDA trajectory Revenue from operations for Q2 FY27 stood at Rs. 1,057.84 crores a growth of 36.53% YoY Q2 FY26 PAT stood at Rs. 81.48 crores Strong unexecuted orderbook of Rs. 5,500+ crores sustains revenue visibility October 19, 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. Further the 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 and half year ended September 30, 2026. CONSOLIDATED FINANCIAL HIGHLIGHTS – Q2 & H1 FY27 Revenue from Operations EBITDA PAT Rs. 1,057.84 Cr Rs. 15 9.98 Cr Rs. 81.4 8 Cr 36.53 % 1.29 % -29.98 % YoY YoY YoY Particulars Y-o-Y Y-o-Y Q2F Y27 Q2F Y26 H1 FY27 H1 FY26 (In Rs. Cr) Change Change Revenue from Operations 1,057.84 774.78 36.53% 1,982.09 1,377.97 43.84% EBITDA 159.98 157.95 1.29% 333.46 275.49 21.04% EBITDA Margin 15.12% 20.39% 16.82% 19.99% PAT 81.48 116.36 -29.98% 200.44 202.75 -1.14% PAT Margin 7.70% 15.02% 10.11% 14.71% KEY PERFORMANCE HIGHLIGHTS Q2 FY27  Revenue from operations stood at Rs. 1,057.84 crores representing a growth of 36.53% YoY as compared to Rs. 774.78 crores in Q1 FY26  EBITDA stood at Rs. 159.98 crores as compared to Rs. 157.95 crores in Q1 FY26  PAT stood at Rs. 81.48 crores as compared to Rs. 116.36 crores in Q1 FY26 H1 FY27  Revenue from operations stood at Rs. 1,982.09 crores representing a growth of 43.84% YoY as compared to Rs. 1,377.97 crores in H1 FY26  EBITDA stood at Rs. 333.46 crores as compared to Rs. 275.49 crores in H1 FY26 showcasing a growth of 21.04% YoY  PAT stood at Rs. 200.44 crores as compared to Rs. 202.75 crores in H1 FY26 Order book position:  Consolidated unexecuted order book of Rs. 5,500+ crores  Bidding pipeline remains strong for solar of 34.6 GWp+, BESS of 12.5 GWh+ and T&D of Rs. 21.9k Commenting on the results Mr. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said: “We are pleased to report yet another quarter of healthy performance, with revenue from operations for Q2 FY27 standing at ₹1,057.84 crores, reflecting a growth of 36.53% year-on-year. For H1 FY27, revenue from operations stood at ₹1,982.09 crores, registering a growth of 43.84% over the corresponding period last year. The growth during the quarter was driven by steady progress across our project portfolio, timely execution, and our expanding capabilities across the renewable energy value chain and T&D segment. This performance was strengthened by our strategic acquisition of APSPL which consolidated our position across T&D infrastructure value chain.” “While acquisition-related financing costs and the addition of business with a different margin profile have influenced in near-term profitability, our focus remains firmly on creating long-term value through greater scale, diversified capabilities and operational efficiencies. We believe this expansion provides a strong foundation for the next phase of WRTL’s growth journey” “The government’s policy support is also getting stronger. The recently approved Green Energy Corridor Phase-III targets the evacuation of up to 135 gigawatts of renewable energy, along with 50 gigawatt-hours of battery energy storage, by FY2032-33. Alongside this, the Pradhan Mantri Surya Sarovar Yojana plans 5 gigawatt-hours of floating solar. Together, these highlight the government’s clear commitment to clean energy. These developments are expanding opportunities across renewable generation, storage and T&D infrastructure. These are the areas where we continue to strengthen our capabilities and market presence.” “Backed by a healthy unexecuted order book of Rs. 5,500+ crores, WRTL remains focused on driving operational efficiencies strengthening business integration and improving profitability across its expanded portfolio.” 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. Nikunj Jain Mr. Rohit Wade (General Manager – Investor Relations) Email: nikunj.jain@in.mpms.mufg.com Email: investorrelations@waaree.com Website: www.waareertl.com Mr. Prathmesh Parab Email: prathmesh.parab@in.mpms.mufg.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 si [Showing first 8,000 characters — download PDF for full document]