Waaree Energies Q2FY26 Profit Soars 132% to ₹871.21 Crore; Declares ₹2 Interim Dividend

New Delhi, October 17, 2025 – Waaree Energies Limited has achieved its all-time highest quarter performance, with its consolidated net profit more than double to ₹871.21 crore in July-Sept FY26 from ₹375.66 crore in the corresponding period of the previous year.

Strong Growth in Revenue and Margins

Waaree Energies Limited’s total income increased by 70% year-on-year to ₹6,226.54 crore in Q2FY25 from ₹3,663.47 crore in the comparable quarter of the previous year due to increased off-take and increased capacity. Total expenses increased to ₹4,995.08 crore from ₹3,164.63 crore during the last year quarter, but improved operational efficiency spurred record profit.

Management described this quarter’s results as this quarter’s strongest so far on both revenue and profit fronts, with the EBITDA margin expanding by over 800 basis points on the back of a healthy revenue mix and disciplined cost control.

Dividend Announcement

An interim dividend of ₹2 per equity share of ₹10 each face value was also approved by the Board of Directors in FY26.

• Record date: Friday, 24 October 2025
• Payment date: Thursday, 6th November 2025

Expansion Momentum Continues

Waaree Energies continued to expand its manufacturing facility in India and the United States. During the quarter, the Indian module manufacturing capacity increased by 3 GW to 16.1 GW, while US manufacturing capacity increased to 2.6 GW through the acquisition of Meyer Burger assets, highlighting its intentions in the North American solar market.

Waaree Energies Share Price Update

Waaree Energies shares are trading at ₹3,565, down 1.72% as of 9:57 AM on October 17, 2025. Waaree Energies shares have gained 52% over the last year, 24% year-to-date, 53% over the last 6 months, and 6.36% over the last 5 days.

FY26 Outlook

Reaffirming its FY26 EBITDA guidance of ₹5,500–₹6,000 crore, Waaree also noted that its outlook remained healthy, underpinned by a solid order book, ongoing capacity expansion, and cautious capital discipline. Operational momentum was also expected to gain even more in the second half of the fiscal year.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/5e65ca40-b9d5-49ce-b89e-08666311f772.pdf

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