Waaree Energies Ltd

Waaree Energies has received an order of 140 MW solar modules from renowned customer engaged in the business of owning, developing and operating renewable power projects in India. Powered by Capital Market - Live

The visits were part of an ongoing investigation being conducted under the Income Tax Act of 1961. In a regulatory filing, the company stated that the proceedings are currently in progress and that it is extending full cooperation to the authorities. Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. Waaree Energies reported a 132.97% year-on-year (YoY) surge in consolidated net profit to Rs 842.55 crore in Q2 FY26, compared to Rs 361.65 crore recorded in the same quarter last year. Revenue from operations jumped 69.69% YoY to Rs 6,065.64 crore in the quarter ended 30 September 2025. Powered by Capital Market - Live

Revenue from operations jumped 69.69% YoY to Rs 6,065.64 crore in the quarter ended 30 September 2025. Profit before tax climbed 146.86% year-on-year to Rs 1,231.46 crore in Q2 FY26, compared to Rs 498.84 crore posted in Q2 FY25. EBITDA stood at Rs 1,567.30 crore, registering the growth of 155.29% compared with Rs 613.94 crore in Q2 FY25. The EBITDA margin improved significantly to 25.17% in Q2 FY26, up from 16.76% in the corresponding quarter last year. The company achieved a production output of 2.64 GW during the quarter, driven by strong operational focus. Amit Paithankar, whole time director & CEO, Waaree Energies, said, 'Waaree Energies continues to deliver robust operational performance in Q2 FY26, building on the momentum of the previous quarter. This quarter is a best ever quarter in terms of revenue and profitability. Our EBITDA margin expanded by over 800bps backed by favourable revenue mix. Our order book stands strong, and we expect the operational momentum to be stronger in the second half as well. The company continue to expand its operations capacity both In India and US. The Indian module capacity has expanded by 3 GW during Q2 to reach 16.1 GW and US capacity now stands at 2.6 GW with acquisition of Meyer Berger assets outlining our strong commitment towards US market. The demand outlook for US market remains robust and our rampup is progressing as per schedule. We continue to take strong strides towards building an integrated energy solution platform, the recent additional commitment of Rs 8,175 crore towards BESS, Inverter and Green Hydrogen Electrolysers along with recent strategic acquisitions in transformer and smart meter, are steps towards that direction. I am pleased to inform that the board has approved a dividend of Rs 2 per share marking an affirmation of our exemplary financial performance and robust cashflow generation. Moving forward, Waaree reaffirms its FY26 EBITDA guidance of Rs 5,500 to Rs 6,000 crores. This outlook is supported by strong orderbook, focused margin management, prudent capital investments and strategic acquisitions. Meanwhile, the company's board has declared an interim dividend of Rs 2 per equity share for the financial year ending 31 March 2026. The record date for the purpose of determining the entitlement of the shareholders for the interim dividend has been fixed as Friday, 24 October 2025, and dividend will be paid to the shareholders on Thursday, 06 November 2025. Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. The scrip slipped 1.10% to Rs 3,584.90 on the BSE. Powered by Capital Market - Live

Waaree Energies announced that the Board of Directors of the Company at its meeting held on 16 October 2025, inter alia, have recommended the interim dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Waaree Energies rose 132.97% to Rs 842.55 crore in the quarter ended September 2025 as against Rs 361.65 crore during the previous quarter ended September 2024. Sales rose 69.70% to Rs 6065.64 crore in the quarter ended September 2025 as against Rs 3574.38 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales6065.643574.38 70 OPM %23.1914.68 - PBDT1471.22583.11 152 PBT1231.46498.84 147 NP842.55361.65 133 Powered by Capital Market - Live

Waaree Energies will hold a meeting of the Board of Directors of the Company on 16 October 2025.Powered by Capital Market - Live

Waaree Energies has approves grant of 17,062 stock options under Waaree Employee Stock Option Plan 2021. Powered by Capital Market - Live

Waaree Energies has set up 950 MW solar module line manufacturing facility at its factory at Village: Degam, Taluka - Chikli, Dist. Navsari Gujarat, India and has commenced operations at such facility with effect from 30 September 2025. Powered by Capital Market - Live

Waaree Power (WPPL), wholly owned subsidiary of Waaree Energies has executed the definitive share subscription cum share holders agreement for acquiring 76% stake, for an aggregate consideration of ~ Rs 53 crore in Racemosa Energy (India) subject to conditions precedents to closing. Powered by Capital Market - Live

The stock had surged 17.65% in the past three sessions. Despite today's fall, it remains up 29.59% over three months and 73.61% over the past six months. Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. The company's consolidated net profit jumped 89.1% to Rs 745.20 crore on 29.8% increase in revenue from operations to Rs 4,425.83 crore in Q1 FY26 over Q1 FY25. Powered by Capital Market - Live