WAAREERTL Q2 FY27 Guidance vs Delivery (WAAREERTL Management Mirror)

Q2 FY27 Consolidated Margin Reaches 15.1%, Meeting the 15% Guided in Jun'26 Qtr

In the Sep'26 Qtr reported results, the company achieved a consolidated EBITDA of INR 160 crore, representing a margin of 15.1%. This delivered the baseline threshold of around 15% consolidated EBITDA margin guided in the Mar'26 and Jun'26 Qtr concalls for FY27. Moving forward, management reaffirmed confidence in sustaining consolidated margins above 15% in the upcoming periods. They noted that while standalone solar EPC yields higher margins, the Transmission & Distribution (T&D) segment currently generates margins of 9% to 10%, with management guiding that T&D margins are expected to improve in the coming quarters driven by operating leverage, scale, and operational synergies.