Waaree Energies Ltd

Revenue from operations soared 118.81% YoY to Rs 7,565.05 crore for the quarter ended 31 December 2025. Profit before exceptional items and tax stood at Rs 1,763.80 crore in Q3 FY26, marking a growth of 155.69% from Rs 689.81 crore reported in Q3 FY25. The company reported an exceptional loss of Rs 294.78 crore during the quarter. EBITDA for the quarter stood at Rs 1,928.15 crore, registering a growth of 167.16% compared with Rs 721.73 crore in Q3 FY25. The EBITDA margin improved significantly to 25.49% in Q3 FY26 from 20.88% in the corresponding quarter last year. During the quarter, the company achieved module production of 3.51 GW, driven by strong operational execution. Cell production stood at 0.75 GW in Q3 FY26. On a nine-month basis, Waaree Energies' consolidated net profit jumped 112.27% YoY to Rs 2,650.21 crore, while revenue increased 72.94% YoY to Rs 18,056.52 crore in 9M FY26 compared with the same period last year. Amit Paithankar, Whole Time Director & CEO, Waaree Energies, said, 'Waaree Energies has delivered another exceptional quarter, with Q3 FY26 marking record revenue and profitability. Over the nine months, we have achieved significant growth in both topline and EBITDA, reflecting the resilience of our business model and the trust our customers place in us. I am pleased to share that Waaree is First Indian Manufacturer to achieve 1 GW+ of module production and sales in single month with 52 modules produced per minute. We have secured a record order inflow, strengthening our order book of around Rs 60,000 crore ensuring sustained visibility for the years ahead. Also, we have secured bankable PPAs backed by land and connectivity. We are accelerating our transformation into an integrated clean energy solutions provider by strengthening adjacencies across BESS, inverter, transformer, Renewable Power Infrastructure and green hydrogen electrolyser creating a resilient and future-ready portfolio. Additionally, our recent acquisition strengthens our supply chain by ensuring secure and fully traceable access to polysilicon, supporting Waaree's rapidly expanding manufacturing footprint in the U.S.A. and global markets. With disciplined execution, prudent capital allocation and strategic diversification, we are confident of closing FY26 on a strong note. Waaree is on track to achieve its EBITDA target of Rs 5,500'6,000 crore while creating long-term value for stakeholders and contributing meaningfully to India's clean energy transition.' Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. Powered by Capital Market - Live

Waaree Energies Ltd rose 7.38% today to trade at Rs 2594.2. The BSE Capital Goods index is up 1.03% to quote at 62482.68. The index is down 7.63 % over last one month. Among the other constituents of the index, Premier Energies Ltd increased 4.71% and Jyoti CNC Automation Ltd added 2.97% on the day. The BSE Capital Goods index went down 1.16 % over last one year compared to the 7.92% surge in benchmark SENSEX. Waaree Energies Ltd has lost 16.19% over last one month compared to 7.63% fall in BSE Capital Goods index and 3.58% drop in the SENSEX. On the BSE, 26869 shares were traded in the counter so far compared with average daily volumes of 95429 shares in the past one month. The stock hit a record high of Rs 3864.4 on 12 Sep 2025. The stock hit a 52-week low of Rs 1808.65 on 07 Apr 2025.Powered by Capital Market - Live

Net profit of Waaree Energies rose 115.64% to Rs 1062.46 crore in the quarter ended December 2025 as against Rs 492.69 crore during the previous quarter ended December 2024. Sales rose 118.81% to Rs 7565.05 crore in the quarter ended December 2025 as against Rs 3457.29 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales7565.053457.29 119 OPM %25.4920.88 - PBDT2031.06778.86 161 PBT1763.80689.81 156 NP1062.46492.69 116 Powered by Capital Market - Live

Waaree Energies will hold a meeting of the Board of Directors of the Company on 21 January 2026.Powered by Capital Market - Live

Waaree Energies has received an order on 08 January 2026 for supply of 105 MW solar modules from a renowned customer engaged in the business of owning, developing and operating renewable power projects in India. Powered by Capital Market - Live

The contract, awarded by a domestic entity, is scheduled for execution within the current financial year. The company clarified that neither its promoters nor promoter group entities have any interest in the awarding entity, and the contract does not qualify as a related-party transaction. 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. Shares of Waaree Energies fell 2.71% to Rs 2,541.50 on the BSE. Powered by Capital Market - Live

The key equity barometers ended the last trading day of the year with substantial gains, as robust trading activity reflected optimism for the year ahead. The Nifty closed above 25,100, snapping a four-day losing streak, while the Sensex bounced back after five straight days of losses. Investors focused on the upcoming corporate earnings season. Barring IT, all sectoral indices on the NSE ended in the green, led by gains in oil & gas, consumer durables and metal stocks. As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 545.52 points or 0.64% to 85,220.60. The Nifty 50 index gained 190.75 points or 0.74% to 26,129.60. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index shed 1.01% and the S&P BSE Small-Cap index jumped 1.19%. The market breadth was strong. On the BSE, 2,801 shares rose and 1,410 shares fell. A total of 170 shares were unchanged. Buzzing Index: The Nifty Oil & Gas index jumped 2.66% to 12,231.20. The index declined 1.13% in the past four trading sessions. Hindustan Petroleum Corporation (up 6.55%), Gujarat Gas (up 5.19%), Bharat Petroleum Corporation (up 3.91%), Gujarat State Petronet (up 3.87%) and Oil India (up 3.21%), Indian Oil Corporation (up 3.05%), Oil & Natural Gas Corpn (up 2.5%), Mahanagar Gas (up 2.21%), Castrol India (up 1.98%) and Aegis Logistics (up 1.96%) surged. Stocks in Spotlight: Waaree Energies shed 0.52%. The company announced that it has secured an order to supply 1,500 MW of solar modules (1,000 MW DCR and 500 MW non-DCR) from a renowned power sector customer. Shakti Pumps India rallied 3.45% after the company announced that it has secured a new work order worth Rs 170.25 crore from Madhya Pradesh Urja Vikas Nigam. ZF Steering Gear India surged 8.62% after the company announced that its wholly owned subsidiary, Drivesys Systems, has secured a significant order worth Rs 151 crore for its renewable energy business. Power Grid Corporation of India rose 1.63% after the company said that it has declared a successful bidder for the 2,000 MWh battery energy storage project. Premier Energies declined 1.23%. The company has secured new orders worth Rs 2,307.30 crore during the third quarter of FY26, with execution scheduled across FY27 and FY28. Ahasolar Technologies surged 7.71% after the company has received a contract from CIL Rajasthan Akshay Urja for providing owner's engineering and project management consultancy (OEPMC) services for an 875 MW solar photovoltaic power project. Apollo Micro Systems jumped 4.79% after the company's step- down subsidiary IDL Explosives bagged supply contracts worth approximately Rs 421 crore. RITES gained 2.13% after the company has received a Letter of Award for the supply of in-service Cape gauge diesel-electric locomotives from Berhard Development Corporation, Zimbabwe. The order is valued at $3.6 million. Global Markets: Most European shares advanced on Wednesday. Markets will operate for a half-day on Wednesday and will remain closed on Thursday for the New Year's Day holiday, before reopening on Friday. In Asia, markets ended mixed on the holiday-shortened final trading day of the year. Hong Kong and Australia will close early for the holidays, while Japan and South Korea remained closed for the day. China's economy ended the year on a slightly less gloomy note, as factory activity expanded in December for the first time since March, beating expectations, according to official data released Wednesday. The official manufacturing purchasing managers index rose to 50.1 in December, higher than 49.2 reading that was recorded in November. A reading above 50 indicates expansion. Overnight in the U.S., the S&P 500 fell modestly, notching a third consecutive losing session. The broad market index lost 0.14% and closed at 6,896.24, while the Nasdaq Composite slipped 0.24% and settled at 23,419.08. The Dow Jones Industrial Average shed 0.20% and ended at 48,367.06. The three major averages have slumped to start the week, dragged down by losses in tech. Nvidia posted back-to-back losing sessions, as did another AI stock Palantir Technologies.Powered by Capital Market - Live

Waaree Energies has received an order on 30 December 2025 for supply of 1500 MW (1000 MW DCR and 500 MW Non - DCR) solar modules from a renowned customer who is engaged in the business of power generation, transmission and distribution. Powered by Capital Market - Live

The supply is scheduled to be executed in FY27. 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

The key equity barometers traded near flat line in mid-morning trade. Trading activity remained rangebound due to absence of strong domestic triggers and the year-end holiday period. The Nifty traded below the 25,950 mark while volatility may persist owing to the Nifty F&O expiry. Auto shares jumped, snapping a three-session losing streak. At 11:25 ST, the barometer index, the S&P BSE Sensex dropped 96.27 points or 0.11% to 84,599.27. The Nifty 50 index lost 26.30 points or 0.09% to 25,918.25. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.30%, while the S&P BSE Small-Cap index shed 0.51%. The market breadth was negative. On the BSE, 1,697 shares rose and 2,084 shares fell. A total of 232 shares were unchanged. Buzzing Index: The Nifty Auto index rose 0.74% to 27,795.45. The index dropped 1.07% in the three consecutive trading sessions. Hero MotoCorp (up 1.66%), Bajaj Auto (up 1.31%), Ashok Leyland (up 1.28%), Mahindra & Mahindra (up 1.21%), Maruti Suzuki India (up 0.98%), Tata Motors Passenger Vehicles (up 0.85%), Bharat Forge (up 0.8%), TVS Motor Company (up 0.66%), Sona BLW Precision Forgings (up 0.54%) and Samvardhana Motherson International (up 0.22%) surged. Stocks in Spotlight: Waaree Energies fell 1.46% after its whole time director (WTD) & chief executive officer (CEO), Amit Paithankar, resigned to pursue opportunities outside the organisation. Lemon Tree Hotels rose 0.87% after the company announced the execution of a Hotel Operation Agreement (HOA) for an upcoming property in Tirupati, Andhra Pradesh. Global Markets: Asian market traded mixed on Tuesday, after the tech sell-down on Wall Street continued on AI bubble fears. Investors will be focused on China's military exercises around Taiwan, after the world's second-largest economy announced new drills surrounding the island Monday. Overnight in the U.S., stocks fell on Monday, spurred by losses in technology, after the S&P 500 scaled to record levels last week. The S&P 500 dropped 0.35% and closed at 6,905.74, while the Nasdaq Composite shed 0.50% and settled at 23,474.35. The Dow Jones Industrial Average pulled back by 249.04 points, or 0.51%, and ended at 48,461.93. Meanwhile, silver pulled back more than 6% after reaching $80 per ounce for the first time ever overnight. This comes as the precious metal has had a massive run-up in 2025, surging almost 150% to become one of the year's hottest trades.Powered by Capital Market - Live