Waaree Energies Q1 FY27 Profit Rises Amid Margin Pressure While Vedanta and Thermax Report Mixed Results
Waaree Energies Ltd reported a 79.2% year‑on‑year increase in revenue to ₹7,931.79 crore for Q1 FY27, and net profit grew 15.4% to ₹891.87 crore. Operating EBITDA rose 44% but the EBITDA margin fell to 18.15% from 22.53% a year earlier, prompting a 5‑6% drop in the share price. Raw‑material costs jumped 63.5% and direct exports from India fell sharply, while revenue from the company’s U.S. manufacturing operations more than doubled to ₹1,322 crore.
Vedanta Ltd posted a sequential 18% fall in consolidated net profit to ₹5,473 crore, with revenue slipping 1% quarter‑on‑quarter. The board approved the de‑merger of its real‑estate business into Vedanta Property Platforms Ltd, offering one new share for every 20 existing shares, subject to regulatory approval.
Thermax Ltd saw revenue rise 7% YoY to ₹2,303 crore, but profit after tax collapsed 85% to ₹22 crore, driven by a ₹91 crore cost overrun on an industrial‑infrastructure project and weaker export sales. The stock fell more than 16% on the day.
Timex Group India posted a 70.55% YoY jump in Q1 profit to ₹25 crore and a 29.66% rise in revenue to ₹219.45 crore, while its shares slipped about 2.2%.
Other Indian corporates also released results: Tata Steel’s Q1 net profit rose about 12% YoY; MAS Financial Services saw AUM grow 21% and PAT rise 27%; ESAF Small Finance Bank posted a ₹80 crore profit; Hyundai Motor India reported a 35.1% YoY profit decline. Collectively, the earnings season highlighted strong top‑line growth for many firms but highlighted margin pressure, cost overruns and strategic de‑mergers affecting investor sentiment.
Entities: Abhishek Parikh · Associated Power Structures Private Limited · Colgate-Palmolive India Ltd · India · Jignesh Rathod · MAS Financial Services · Madhya Pradesh · Naresh Jalan · Neemuch Solar Park · Prabha Narasimhan · Ramkrishna Forgings Limited · Tata Steel Ltd.
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] MAS Financial Services reported a 25% year‑on‑year increase in standalone profit after tax to Rs 104.60 crore for Q1 FY27. (Provided in the MAS Financial Services earnings release.)
- [○ 1 SOURCE] Ramkrishna Forgings net profit jumped nearly four‑fold to Rs 47 crore in Q1 FY27. (Ramkrishna Forgings earnings release.)
- [○ 1 SOURCE] MAS Financial Services assets under management grew 21% YoY to Rs 15,147 crore as of June 2026. (MAS Financial Services earnings release.)
- [○ 1 SOURCE] Ramkrishna Forgings revenue from operations rose about 20% to Rs 1,217 crore in Q1 FY27. (Ramkrishna Forgings earnings release.)
- [○ 1 SOURCE] Colgate‑Palmolive India sales increased 12% to Rs 1,590.56 crore in Q1 FY27. (Colgate‑Palmolive India earnings release.)
- [○ 1 SOURCE] MAS Financial Services total income increased 20% to Rs 530.32 crore in Q1 FY27. (MAS Financial Services earnings release.)
- [○ 1 SOURCE] Colgate‑Palmolive India reported a 7% rise in net profit to Rs 343.08 crore for Q1 FY27. (Colgate‑Palmolive India earnings release.)
- [○ 1 SOURCE] Colgate‑Palmolive India gross margin reached 69.7%, up about 110 basis points YoY. (Colgate‑Palmolive India earnings release.)
- [● 3 SOURCES] Waaree Energies' net profit in Q1 FY27 was INR 891.87 crore, a 15.39% year‑on‑year increase. (Q1 FY27 financial results)
- [○ 1 SOURCE] Waaree Energies' share price fell about 5‑6% after Q1 results, trading near INR 2,580 amid margin concerns and sector transmission constraints. (Market reaction)
- [○ 1 SOURCE] Waaree Energies commissioned 118.8 MW of the 170 MW Neemuch Solar Park in Madhya Pradesh. (Project commissioning)
- [○ 1 SOURCE] Waaree Energies' raw‑material expenses rose 63.5% year‑on‑year to INR 4,843.93 crore in Q1 FY27. (Q1 FY27 financial results)