WAAREERTLNSE10 October 2025

Waaree Renewable Technologies Limited has informed the Exchange about Investor Presentation

Waaree Renewable Technologies Limited

Execution with Pace & Comfort

October 10, 2025

To The Manager BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001 Scrip Code: 534618

To The Manager National Stock Exchange of India Limited Exchange Plaza, C-1 Block G, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 051 Scrip Symbol: WAAREERTL

Sub.: Investors / Earnings Presentation under Regulation 30 of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015.

Dear Sir / Madam,

With reference to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investors/ Earnings Presentation for the Quarter and Half year ended September 30, 2025. The Company will use this presentation for any meeting scheduled with analysts or institutional investors. The above information will also be available on the website of the Company at www.waareertl.com

Request to kindly take this intimation 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

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INVESTOR PRESENTATION | Q2 & H1 FY26 Accelerating Global Energy Transition

Safe Harbor

WAAREE/RTL

Execution with Pace & Comfort

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Renewable Technologies Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the Company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

All Maps used in the Presentation are not to scale. All data, information and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

2

WAAREE/RTL

Execution with Pace & Comfort

Group Overview

Waaree Group – Vertically Integrated Operations

WAAREEIRTL

Execution with Pace & Comfort

#1 Indian Module Manufacturer

Products Exported In 24 Countries

Battery Energy Storage System

Green Hydrogen- Electrolyser Manufacturing

CARE A+, Stable Credit Rating1

~11,400 Employees Globally

35 Years of Industry Experience

17.65 GW Module Capacity & 5.4 GW Cell Capacity

TIER 1 Solar Module Manufacturer*

~25 GWp | Rs.~49k Cr (Order Book)1

480+ Franchises across India1

1: For Waaree Energies Ltd. as of Q1FY26; * For 39 quarters

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

4

Integrated Group Offerings

WAAREEIRTL

Execution with Pace & Comfort

Solar Modules

EPC Services

O&M Services

Rooftop Solutions

Floating Solar

On Grid Inverters

Off Grid Inverters

BESS

Lithium Ion Batteries

Solar Products Water Pump, Street Lights

Green Hydrogen- Electrolyser Manufacturing

Solar Partners

...... •••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

5

Marquee Clientele & Stakeholder Relationships

WAAREE/RTL

Execution with Pace & Comfort

o t s r e d n e L

s r e p o e v e D

l

/ s t n a t l u s n o C

s r e e n i g n E ’ s r e n w O

s r e

i l

p p u S

• Trusted EPC partner for leading global

and domestic lenders.

• Strong credibility ensures smooth financing and project execution.

• Deep relationships with top-tier

consultants and engineering firms.

• Their endorsements reinforce quality

and compliance standards.

• Strong alliances with a diversified

network of local and global suppliers.

• Robust supply chain ensures timely delivery and operational reliability.

Execution with Pace & Comfort

Customers / Developers

ArcelorMittal

End-to-End Execution Capability

MSL

Influence Impact.

ADITYA BIRLA GROUP

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Industries Limited

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JINDJIY POWER

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MTC GROUP

Proven Track Record of Reliability

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STEEL & POWER

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Client-Centric & Collaborative Approach

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•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

6

WAAREEIRTL

Execution with Pace & Comfort

Industry Overview

Energy Transition

Global Projected Annual Solar PV Capacity Additions1, GW

RE – Projected Installed Capacity India2, GW

WAAREE/RTL

Execution with Pace & Comfort

Government Targets to Achieve Solar Power Capacity of ~280GW from 106GW in FY253

402.3

421.7

459.2

493.9

539.6

For setting up of 450 GW RE + 19 GW PSP and 42 GW BESS to necessitate incremental debt of ~Rs 14 lakh crore

Installed Capacity (GW)

21%

280

Fossil

RE+Hydro

400

450

500

246

191

279

254

262

262

276

106

82

22

35

54

CY24P

CY25P

CY26P

CY27P

CY28P

FY23 (A)

FY 27

FY 30 (I)

FY30(II)

CEA (E)

FY18

FY20

FY22

FY24

FY25

2030E

Solar Capacity Additions in India ~180-195 GW over Fiscals 2026-20301

Break-up of the Total Installed Capacity, India – FY25 vs FY30E1

42 – 44

46 – 48

38 – 40

26 – 28*

30 – 32

23

15

FY24

FY25

FY26P

FY27P

FY28P

FY29P

FY30P

FY25

47%

10%

10%

22%

4% 2%

5%

Solar

Wind

Large Hydro

Coal

Oil & Gas

Nuclear

Other RE

FY30E

3%

3%

2%

35%

38%

8%

11%

Solar

Wind

Large Hydro

Coal

Oil & Gas

Nuclear

Other RE

* In H1FY26, India has achieved 21.68 GW of solar capacity; Source: 1:Crisil Report, 2:Energy Storage Care EDGE Report 3: MNRE & pib.gov.in

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

8

Supportive Government Policies Fueling Growth

WAAREE/RTL

Execution with Pace & Comfort

India-EPC Services Demand Across Solar Energy

Market Potential of Indian O&M in Solar1

State Wise Solar Parks as on June 2025 (MW)2

Rs Bn

1,705

Estimated market (in Rs. Bn)

Estimated O&M market for 3rd party (GW)

12,150

11,355

Sanctioned Capacity

Capacity Commissioned

23%

605

708

FY23

FY24F

FY28F

� ffl

23%

73.0

25.5

2029-30

16.8

5.8

2022-23

4,054

4,330

4,300

2,263

3,050

3,840

2,500

2,000

1,000

430

1,105

1,089

0

0

468

257

Gujarat

Rajasthan

Madhya Pradesh

Andhra Pradesh Uttar Pradesh

Karnataka

Maharashtra

Jharkhand

Others

Key initiatives by GOI for development of solar energy/capacity

Solar Parks2

PLI Scheme3

Rooftop Solar3

Solar Park policy released in Sep 2014

• GOI has approved 55 solar parks with

aggregate capacity of ~41GW • By June 25, 13 GW commissioned,

12.9 GW under tendering, and 15 GW under construction toward the target capacity

• Govt backed initiative to

promote domestic mfg of Solar PV modules

• Over ₹48k crore invested & 38.5k jobs created under PLI scheme till June’25

• PM Surya Ghar Muft Bijli Yojana Proposed outlay of 75k Cr for 1 Crore households in India • Muft Bijli Yojana enabled

installation of ~20 Lakhs rooftop solar installation by Sep 2025 • Govt targets to add 30 GW of

residential rooftop solar capacity by 2027

• ... 000

Energy Storage4

Government Initiative – VGF Scheme PSDF* • Objective: Develop 30GWh of BESS • VGF of 18 lakh per MW is provided • Budgetary allocation of Rs. 5,400 Cr

for scheme

o+ 00

Others5

• Minimum domestic content

requirement

• Approved list of models &

manufacturers to ensure quality & performance of modules in India • Reduction in GST on solar modules from 12% to 5% lead to reduction in cost of projects

Source: Crisil Report; 1: saurenergy.com; 2: MoP Status report on development of solar parks & UMREPPs in the country ; 3: pib.gov.in & Economic Times; 4:MoP & pib.gov.in; 5: pib.gov.in & mint; *PSDF: Power System Development Fund

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

9

WAAREE/RTL

Execution with Pace & Comfort

Company Overview

Journey to Leadership in Solar EPC

Waaree RTL Expands Market Presence in India

Revenue (Rs. Cr.)

1,598

1,378

876

351

2023

2024

2025

H1 FY26

162

2022

WAAREE/RTL

Execution with Pace & Comfort

• Credit Rating upgraded: A,

Stable (CARE)

• Ground Mounted Solar Project –

1,218 MWp

• Ground Mounted Solar Project –

435 MWp

• Ground Mounted Solar Project –

255 MWp

• 40 MWh Battery Storage System

2025

2024

• GW Scale Project

▪ Jindal Renewables – 2,012.47 MWp ▪ Greenko – 980 MWp

• Turnkey Solutions NEEPCO – 450 MWp • MNC Customer Acciona Energy – 412 MWp

of EPC experience

2023

• AM Green – 296 MWp • DRPL Tuticorin – 153 MWp • Continuum Project – 150 MWp

2022

• Cello Industries Rooftop Project

2021

• EPC Division carved out in Waaree RTL

• Continuum Project – 140 MWp • Masaya Project – 210 MWp

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

11

Complete Solutions with Proven Experience

WAAREE/RTL

Execution with Pace & Comfort

Engineering

01

Procurement

02

Construction

03

Project Systems

Electrical

Structural & Civil

Monitoring

Evacuation

PV Modules

Inverters

Structures

Cables

Transformers

Other BOS

Land Development

Structure

Control Room

Road, Drainage & Connectivity

Evacuation of Power

Business Development

Infrastructure Planning & Development

Project Execution

Testing and Commissioning

Project Maintenance

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

12

Comprehensive RE EPC and O&M Expertise…..

WAAREE/RTL

Execution with Pace & Comfort

Key Financial Metrics

Rs. 1,597.75 Cr

FY25 Revenue from Operations

19.46%

FY25 EBITDA margin

114.67%

FY22-25 Revenue CAGR

14.33%

FY25 PAT Margin

Rs. 454.95 Cr

Rs. 78.76 Cr

FY25 Net Worth

FY25 Cash & Cash Equivalents

65.29%

FY25 ROE

61.94%

FY25 ROCE

Technologically advanced end to end solar solutions

Utility Scale Solar Projects (incl Turnkey & BOS)

Rooftop Solar Projects

Floating Solar Projects

Design and Engineering • Dedicated in-house design & engineering team of 30 professionals •

India based cost effective structure

Procurement • • Well-defined quality management procedures

Selection of vendors after thorough due diligence

Inspection & Process Control • 3-stage quality assurance process including initial factory assessment, production

monitoring at vendor’s facility, and final pre-shipment inspection

Construction •

Final inspection and testing under the supervision of project manager to ensure new plant is safe and meets design objectives

Field quality monitoring • Centralized monitoring with efficient tracking of under-construction plants

O&M service •

Long term O&M services for both own customers, and third-party projects

EHS & Quality Procedure • Ensures EHS compliance, providing safety training, support health & wellness,

Solar + Energy Storage

RESCO & CAPEX Models

control environment impacts, etc.

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

13

…with end-to-end capabilities

WAAREE/RTL

Execution with Pace & Comfort

In House Dedicated Capabilities

Installation & Commissioning

Adherence to EHS and Quality

Power Evacuation

Single Location Aggregated & Developed Land on Free-Hold Basis

Pre-Feasibility Studies

End to End Capabilities

Expertise in Statutory & Liasoning

Land and Site Identification

Expert In House Design & Procurement Team

Design Services

Ready & Robust Evacuation Infrastructure (Transmission Line & GSS Bay) On Shared Basis

Plug-n-Play Solution with proven Expertise of Waaree’s EPC, Approvals & Asset Management Team

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14

Major EPC Accomplishments

WAAREEIRTL

Execution with Pace & Comfort

3.95 GWp Project Commissioned

3,481 MWp Project site under execution

59.26 MWp

Roof Top Projects Commissioned

~769 MWp O&M Portfolio of solar power plant assets

2.29 MWp Floating Solar Projects

R&D Team In House R&D team for New Technology Development

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

15

Large Order Book with Strong Execution

WAAREE/RTL

Execution with Pace & Comfort

Unexecuted orderbook has been scaled up over years (MWp)…

…. With stable rate of execution

2,365

3,263

3,481

Executed Order Book (MWp)

Revenue from Operations (Rs. Cr)

1,524

1,598

1,621

1,378

876

704

295

351

2024

2025

H1 FY26

2023

2024

2025

H1 FY26

817

2023

Engineering, Procurement and Construction (EPC) works of a project

1,218 MWp Ground Mounted solar power project (Order won in Q2FY26)

29.4 MWp Ground Mounted solar power project (Order won in Q2FY26)

435 MWp Ground Mounted solar power project (Order won in Q1FY26)

131.6 MWp Ground Mounted solar power project (Order won in Q1FY26)

255 MWp Ground Mounted solar power project (Order won in Q4FY25)

105 MWp Turnkey EPC Project (Order won in Q4FY25)

40 MWh Battery Storage System project (Order won in Q4 FY25)

2012.47 MWp Ground Mounted Solar PV project (Order won in Q3FY25)

Key Orders Wins

IPP Assets

The company has developed 54.82 MWp solar power generating assets

Additionally, setting up 107.1 MWp Independent Power Producer (IPP) Plant

O&M Portfolio •

The company has ~769 MWp of O&M Portfolio

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

16

Key Ongoing Projects

WAAREE/RTL

Execution with Pace & Comfort

2012 MWp Ground Mounted project at Bikaner, Rajasthan

980 MWp Ground Mounted project at Kurnool, Andhra Pradesh

450 MWp Ground Mounted project at Bikaner, Rajasthan

412.5 MWp Ground Mounted project at Bikaner, Rajasthan

•4t., ....

t.

')- - ...

1218 MWp Ground Mounted project, Solapur, Maharashtra

105 MWp Ground Mounted project at Jamnagar, Gujarat

435 MWp Ground Mounted project at Bikaner, Rajasthan

180 MWp Ground Mounted project at Tuticorin, Tamil Nadu

1.7 MWp Rooftop project at Noida, Uttar Pradesh

131 MWp Ground Mounted project at Nashik, Maharashtra

255 MWp Ground Mounted project at Neemuch, Madhya Pradesh

52.6 MWp Ground Mounted project at Simhapuri, Andhra Pradesh

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

17

Future Strategy

Key Strengths

WAAREE/RTL

Execution with Pace & Comfort

Fast growing solar market with massive tailwinds

Supported by a strong parent company, enabling seamless integration with its module manufacturing business

Comprehensive Solar EPC solutions provider with end-to-end capabilities

Well entrenched in the Indian market with large projects commissioned

Expertise in handling projects of all sizes and complexities across the solar energy spectrum

• • I

Ecosystem play within the group

Large order book backed by a proven track record of execution

Experienced management team

Bankable EPC provider with marquee customers

Robust growth and financial performance backed by an asset- light business model

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

19

Unique Propositions

WAAREE/RTL

Execution with Pace & Comfort

CUSTOMER CONNECT

Strong customer base of respected industrial house/companies

MARKET ACCEPTANCE

NETWORK

Proven name & quality at competitive rate in national and international markets

Strong & proven network with all stakeholders/authorities with more than a decade of experience

ON GROUND TRACK RECORD

Large installations with long & proven on-ground performance

QUALITY CERTIFICATION

IN HOUSE TEAM

INNOVATION

ISO 9001:2015 certificate received for Quality Management System (QMS)

Experienced & strong team with proven performance in solar (358 Manpower)

Consistent introduction of new technologies & innovative products & solutions

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

20

Growth Strategy – Energy Transition

WAAREE/RTL

Execution with Pace & Comfort

Energy Transition

Renewable

Storage

O&M

Solar

Wind

Hybrid

Green Hydrogen

Battery

Pumped Hydro

Services

Rooftop

Floating

Ground Mounted

Solar Parks

Achieve higher growth in the EPC segment

Expand in O&M markets

• Evaluating opportunities in both international and domestic markets to secure

more EPC contracts

• Participating in government and private bidding process • Ecosystem of renewable energy from module to storage helps win clients

• The size of the O&M market is expected to grow as more solar capacities are added • Evaluating third-party O&M opportunities in domestic markets through both organic

and inorganic methods

• Enhance value to customers by offering differentiating O&M services, such as drone thermography, strong analytics and predictions, underground cable fault finder etc.

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

21

Experienced Board Management

Mr. Nilesh Bhogilal Gandhi Chairman & Non-Executive Independent Director

Mr. Pujan Pankaj Doshi Managing Director

An accomplished professional with over three decades of experience in finance, power, and renewables, he holds a Bachelor’s in Commerce, an LLB, and is a Fellow Chartered Accountant (FCA).

He combines engineering expertise with visionary leadership. Holding a BE in Instrumentation from Mumbai University, he brings over a decade of experience in corporate strategy, business planning, and fostering international collaborations. His strategic acumen drives the company’s innovative initiatives.

WAAREE/RTL

Execution with Pace & Comfort

Mr. Hitesh Pranjivan Mehta Whole Time Director

With over three decades of experience in engineering, solar, and oil industries, he combines strategic insight and financial expertise. Holding a Bachelor’s in Commerce from the University of Bombay and being a member of the ICAI, he leads Waaree Group strategies, financial management, and corporate governance, ensuring strong financial stewardship.

Mr. Viren Chimanlal Doshi Whole Time Director

Mr. Sunil Rathi Whole Time Director

Mr. Sunil Jain Non-Executive Independent Director

He has been with the company since inception, and currently oversees the engineering, procurement, and construction of solar projects across the company and its subsidiaries. With over two decades of experience in the engineering industry, he brings extensive knowledge and expertise.

He holds a BE in Electronics and an MBA in Marketing from ITM, Mumbai, with over three decades of experience in sales and marketing. His career spans leadership roles with reputed companies.

He has over three decades of experience. An award-winning leader in renewables, he serves as chair on several councils and holds an engineering degree from BIT Mesra along with an MBA from FMS, Delhi University.

Mr. Sudhir Arya Non-Executive Independent Director

Ms. Ambika Sharma Non-Executive Independent Director

A fellow of ICMAI and ICFAI with a finance degree from MDI, Gurugram, he brings over four decades of experience, having served as CFO and Director (Finance) in PSU. His expertise spans project finance and financial reporting.

She is a global business strategist with over three decades of experience in public affairs and international relations. A summa cum laude graduate in Economics from Delhi University, she also holds a Master’s in Business Economics and has attended management programs at the EU and XLRI, Jamshedpur.

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

22

Strong Leadership Team

WAAREE/RTL

Execution with Pace & Comfort

Mr. Manmohan Sharma Chief Financial Officer

Mr. Ravikesh Singh Chief Operating Officer-EPC

He is a Chartered Accountant with 30 years of experience in Project Finance, Accounts, Working Capital Management, Banking, Cash Flow Management, Budgeting, MIS, Ind AS Financials, Audits, Taxation, and Financial Modelling. His expertise lies in robust financial planning, control, system improvement, and establishing a strong governance framework.

He holds a B. Tech in Electrical Engineering & Post Graduate Diploma in Business Management. He has 25+ years of experience in power projects.

Mr. Mayur Mehta Vice-President Supply Chain Management

Ms. Heema Shah Company Secretary & Compliance Officer

He holds a Diploma in Export-Import Management. He has 25+ years of experience in Supply Chain Management.

She holds a Bachelor's degree in Commerce and LLB from Mumbai University and is a Company Secretary from ICSI. She has over 14 years of experience in corporate compliance and governance.

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

23

Financial Highlights

Robust Financial Performance

(Consolidated)

Revenue

47.73%

774.78

524.47

EBITDA & EBITDA Margin

13.65%

20.39%

120.69%

157.94

71.57

WAAREE/RTL

Execution with Pace & Comfort

(Rs. in Cr)

PAT & PAT Margin

10.20%

15.02%

117.40%

116.34

53.52

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Revenue

EBITDA & EBITDA Margin

PAT & PAT Margin

81.12%

1,377.97

760.82

14.81%

19.99%

144.56%

275.48

112.65

10.74%

14.71%

148.21%

202.73

81.68

H1FY25

H1FY26

H1FY25

H1FY26

H1FY25

H1FY26

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

25

Consolidated Income Statement

WAAREE/RTL

Execution with Pace & Comfort

Particulars (Rs. Cr)

Revenue from Operations

Total Revenue

Cost of EPC contract

Employee Expenses

Other Expenses

EBITDA

EBITDA Margin (%)

Other Income

Depreciation

Finance Cost

Profit Before Tax

Profit Before Tax(%)

Tax

Profit After Tax

PAT Margin (%)

Basic EPS (As per Profit after Tax)

Q2FY26

Q2FY25

Y-o-Y

Q1FY26

Q-o-Q

H1FY26

H1FY25

Y-o-Y

774.78

774.78

591.65

13.19

11.99

157.94

20.39%

4.43

2.18

3.62

156.56

20.21%

40.22

116.34

15.02%

11.16

524.47

524.47

442.47

7.54

2.89

71.57

13.65%

3.40

1.58

4.09

69.30

13.21%

15.78

53.52

10.20%

5.14

47.73%

120.69%

125.92%

117.40%

603.19

603.19

470.02

9.35

6.27

117.54

19.49%

4.83

2.23

3.56

116.57

19.33%

30.19

86.39

14.32%

8.29

1,377.97

760.82

28.45%

1,377.97

760.82

81.12%

1,061.68

627.91

22.54

18.26

14.14

6.13

34.37%

275.48

112.65

144.56%

19.99%

14.81%

9.26

4.42

7.18

6.17

3.12

7.11

34.30%

273.14

108.58

151.57%

19.82%

14.27%

70.40

26.90

34.67%

202.73

81.68

148.21%

14.71%

10.74%

19.45

7.85

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

26

Consolidated Balance Sheet and Cash Flow Statement

WAAREE/RTL

Execution with Pace & Comfort

Particulars (Rs. Cr)

Shareholders' Funds

Non-Current Liabilities

Current Liabilities

Total Equity & Liabilities

Fixed Assets

Other Non-Current Assets

Current Assets

Total Assets

Particulars (Rs. Cr)

Net Cash Inflow / (Outflow) from Operating Activities

Cash Flow from Investing Activities

Cash Flow from Financing Activities

Net increase/ (decrease) in Cash & Cash equivalent

Cash and cash equivalents as at start of the period

Cash and cash equivalents as at end of the period

H1FY26

657.62

105.05

688.78

1,451.45

377.50

76.84

997.11

1,451.45

H1FY26

83.73

-24.88

-17.32

41.53

26.79

68.33

H1FY25

318.15

49.73

635.74

1,003.62

160.02

2.42

841.18

1,003.62

H1FY25

84.90

-49.73

-25.35

9.82

9.59

19.41

•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

27

For further information, please contact:

Company:

Waaree Renewable Technologies Ltd. CIN: L93000MH1999PLC120470 www.waareertl.com

www.waareertl.com www.waareertl.com

Mr. Neeraj Vinayak VP – Investor Relations neerajvinayak@waaree.com

Mr. Rohit Wade GM – Investor Relations rohitwade@waaree.com

Investor Relations Advisors:

(e)MUFG

MUFG Intime India Private Limited (A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services)

Ms. Pooja Swami

Mr. Prathmesh Parab

pooja.swami@in.mpms.mufg.com

prathmesh.parab@in.mpms.mufg.com

Meeting Request

Link

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