Waa Solar Limited FY26 Consolidated Profit Falls to ₹64.98 Lakh

Waa Solar Limited reported consolidated net profit of ₹64.98 lakh for FY26, compared with ₹697.31 lakh in FY25, while consolidated revenue from operations declined to ₹2,777.12 lakh from ₹2,824.61 lakh. The company also reported a standalone net loss of ₹46.08 lakh for the year, against a ₹121.83 lakh profit a year earlier.

What did Waa Solar report for FY26?

Waa Solar approved its standalone and consolidated audited financial results for the half year and year ended March 31, 2026, at a board meeting held on May 19, 2026. The consolidated FY26 profit of ₹64.98 lakh represented a substantial decline from ₹697.31 lakh reported in FY25.

On a standalone basis, Waa Solar recorded revenue from operations of ₹2,717.30 lakh in FY26, compared with ₹2,765.08 lakh in FY25. Consolidated revenue was ₹2,777.12 lakh, lower than ₹2,824.61 lakh a year earlier. The relatively small revenue decline was accompanied by a shift in the standalone bottom line to a loss of ₹46.08 lakh from a profit of ₹121.83 lakh.

The company’s reported quarterly data shows revenue of ₹1,896 lakh in the quarter ended March 31, 2026, compared with ₹1,386 lakh in the preceding half-year period ended September 2025. However, the March quarter recorded a net loss of ₹117 lakh, compared with a net profit of ₹726 lakh in the corresponding quarter of FY25.

How did the FY26 results process unfold?

Waa Solar’s board meeting on May 19, 2026, considered and approved the audited standalone and consolidated results for the half year and full year ended March 31, 2026. The meeting began at 3:00 pm and concluded at 7:00 pm, according to the company’s announcement.

The statutory auditors, JCH & Associates, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results. An unmodified opinion means the auditors did not identify a qualification in their report on the financial statements presented for the period.

The board meeting also addressed the company’s audit appointments for FY27. Waa Solar re-appointed Samrat Mewada & Associates as its internal auditor and appointed Mitesh Suvagiya as cost auditor for FY2026-27. These appointments were approved alongside the FY26 results.

Before the final announcement, Waa Solar had scheduled the May 19 meeting to consider the audited results. The formal outcome and the submission of the audited standalone and consolidated financial results were both disclosed on the same date.

What do the half-year and quarterly figures show?

Waa Solar’s H1 FY26 standalone revenue from operations was ₹853.42 lakh, compared with ₹1,354.13 lakh in the previous half-year period cited in the results update. Consolidated revenue from operations for H1 FY26 was ₹881.33 lakh, compared with ₹1,386.15 lakh in the previous half-year period.

The quarterly financial table shows sales of ₹1,896 lakh for the March 2026 period, operating profit of ₹913 lakh and an operating profit margin of 48.15%. The table also reports interest expense of ₹631 lakh, depreciation of ₹387 lakh, profit before tax of ₹11 lakh and a net loss of ₹117 lakh for the period.

For the March 2025 quarter, the same table reported sales of ₹1,386 lakh, operating profit of ₹566 lakh and net profit of ₹726 lakh. The figures show that the March 2026 quarter had higher reported sales but a weaker final profit outcome than the year-earlier quarter.

The difference between operating profit and net profit reflects the other items shown in the reported table, including interest, depreciation and tax. The supplied data does not provide management commentary attributing the annual or quarterly profit movement to specific business, project, pricing or cost factors.

Why do Waa Solar’s FY26 figures matter to investors?

Waa Solar’s FY26 results matter because revenue remained broadly stable while profitability fell sharply on both a consolidated and standalone basis. Consolidated revenue declined by ₹47.49 lakh year-on-year, whereas consolidated net profit declined by ₹632.33 lakh. The contrast indicates that revenue performance alone did not translate into the previous year’s earnings level.

The standalone business moved from a ₹121.83 lakh profit in FY25 to a ₹46.08 lakh loss in FY26. For investors, this makes the audited consolidated and standalone statements important reference points, since the two measures show different outcomes for the year while both indicate lower performance than the previous period.

No share-price movement, investor guidance, capital expenditure plan or order pipeline was provided in the supplied information. Therefore, the results establish the reported financial position but do not support an assessment of market reaction or a forecast for FY27 performance.

Waa Solar has also scheduled a board meeting for October 30, 2026, to consider standalone and consolidated unaudited financial results along with the limited review report for the half year ended September 30, 2026. That disclosure will provide the next reported update on the company’s operating and financial performance.

What are the next disclosures expected from Waa Solar?

Waa Solar is due to consider its half-yearly unaudited financial results for the period ended September 30, 2026, at a board meeting scheduled for October 30, 2026. The company’s board-meeting intimation dated October 23, 2026, stated that the meeting would consider the standalone and consolidated results together with the limited review report.

The reported corporate-actions calendar also lists October 30, 2026, in connection with half-yearly results. Earlier disclosures show that the company considered audited results on May 19, 2026, and half-yearly results on November 12, 2025.

The upcoming half-yearly filing will be relevant because FY26 ended with lower revenue and significantly lower consolidated profit than FY25. It may also provide updated revenue, operating profit, finance-cost and profit figures for the first half of FY27, although no numerical guidance was stated in the supplied announcements.

Conclusion

Waa Solar’s audited FY26 results show a modest decline in revenue but a substantial reduction in profitability. Consolidated net profit fell to ₹64.98 lakh from ₹697.31 lakh in FY25, while the standalone business reported a loss of ₹46.08 lakh after a profit in the previous year. The March 2026 quarter also ended in a reported loss despite higher sales than the comparable quarter.

The next event to watch is Waa Solar’s October 30, 2026 board meeting for unaudited standalone and consolidated results for the half year ended September 30, 2026. The company has not disclosed revenue guidance, capital expenditure plans or an order-pipeline target in the provided material, making the half-yearly filing the next formal financial update.