Waaree Energies Share Price Drops Over 6% Despite Q1 Earnings Growth; Here’s What Investors Should Know Waaree Energies shares fell more than 6% on Thursday, July 30, as investors focused on the company’s margin contraction following its Q1 earnings report. Despite a healthy growth in earnings, the decline was driven by concerns over rising input costs and a narrowing EBITDA margin in the April to June quarter of the financial year 2026-27. The stock opened at ₹2,561, a drop of 6.4% from the previous close of ₹2,736.20, before trading at ₹2,577.60 in the morning session. The company filed its Q1 earnings report after market hours on July 29, revealing a 63.5% surge in input materials costs, which rose to ₹4,843.93 crore in the June quarter compared to ₹2,962.43 crore a year earlier. This increase in costs weighed heavily on the company’s margins, leading to a 438 basis point contraction in EBITDA margins to 18.15% from 22.53% in the same period the previous year. However, operational EBITDA improved by 44% to ₹1,440 crore, up from ₹997 crore in the corresponding quarter of the prior financial year. Despite the margin pressures, Waaree Energies reported a 14% rise in consolidated net profit to ₹850 crore in the first quarter of FY27, compared to ₹745 crore in the same period a year earlier. Revenue from operations surged 79% to ₹7,932 crore, driven by strong performance in its core segments. The Solar Panel Manufacturing segment saw a 91% YoY increase in revenue to ₹7,399.82 crore, while the EPC contracts business grew 55% to ₹913.99 crore. In contrast, the renewable power generation segment declined 11% to ₹9.86 crore, reflecting weaker performance in this area. The stock’s decline followed a broader trend of underperformance since its NSE listing on October 28, 2024.#nse #renewable_energy_sector #waaree_energies #financial_year_2026_27 #q1_earnings_report
