Waa Solar Ltd (541445)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Waa Solar's revenue was ₹19.0 Cr (+36.8% year on year, +115.2% on the previous half-year), and net profit ₹-1.2 Cr (against a profit a year earlier); the operating margin was 48.2%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹19.0 | +36.8% | +115.2% |
| Operating profit | ₹9.1 | +61.3% | +43.6% |
| Net profit | ₹-1.2 | to loss | to loss |
| EPS (₹) | -0.88 | to loss | to loss |
| Operating margin | 48.2% | — | — |
📢 Recent Corporate Announcements
Waa Solar Ltd has received a credit rating affirmation from India Ratings & Research (Ind-Ra) for its bank loan facilities totaling ₹212.38 crore (INR 2,123.80 million). The agency assigned an 'IND BBB+/Stable' rating for long-term facilities and 'IND A2+' for short-term facilities. Significantly, the agency resolved the 'Rating Watch with Developing Implications,' moving the company to a 'Stable' outlook. The rated debt primarily consists of term loans from State Bank of India amounting to ₹210 crore.
- Total bank loan facilities affirmed at INR 2,123.80 million (₹212.38 crore).
- Long-term rating maintained at IND BBB+ with the outlook revised to Stable.
- Short-term rating assigned at IND A2+ for non-fund based limits.
- Resolution of 'Rating Watch with Developing Implications' indicates reduced credit uncertainty.
- Major debt component includes a ₹184 crore term loan from State Bank of India.
Financial Performance
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Operational Drivers
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Strategic Growth
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External Factors
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Regulatory & Governance
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Risk Analysis
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