5 crore in the year-ago period (Q2FY26). 9% year-on-year to Rs 7,518 crore from Rs 6,066 crore in the corresponding quarter last year.

Operating performance remained under pressure, with earnings before interest, taxes, depreciation and amortisation (EBITDA) declining 5% year-on-year to Rs 1,336 crore from Rs 1,406 crore. The entities are being acquired from Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies.

The transaction involves a cash consideration of Rs 1 lakh for 10,000 equity shares with a face value of Rs 10 each, according to the company's disclosure. Waaree Energies said the transaction is a related-party deal conducted at arm's length and in the ordinary course of business.

The target entities operate in the data centre and digital infrastructure space, including cloud services in India and overseas. Waaree Energies said it is evaluating an entry into the business of developing, owning and operating data centres, including hyperscale, AI and edge data centres.

The acquisition could mark a step towards diversifying the company's business beyond its existing solar operations. However, the company has not provided turn over details for the target entities in the disclosed information.

Waaree Energies expects the transaction to be completed during the financial year 2026-27. The company stated that no governmental or regulatory approvals were applicable for the acquisition.

Waaree Green Data Centers was incorporated on August 30, 2024, while Aurovault Data Centers and Sunstar Data Centers were incorporated on September 14, 2026, and September 11, 2026, respectively. 90% lower at Rs 2,275 apiece, compared with the previous close of Rs 2,319, ahead of the earnings announcement.

The stock has declined around 23% so far in 2026. 40.

The shares have a 52-week range of Rs 2,259 to Rs 3,643. At Tuesday's closing price, Waaree Energies had a market capitalisation of around Rs 65,441 crore.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication.

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