Waaree Energies Share Price in Focus; Total Income Rises 69.96% in Q2 FY26 Results

Waaree Energies Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, delivering its best-ever performance.

The company reported total income of ₹6,226.54 crore in Q2 FY26, marking a 69.96% YoY growth, driven by robust operational efficiency and strong demand across its renewable energy segments.

Strong Profitability and Operational Highlights

EBITDA for Q2 FY26 surged 155.29% YoY to ₹1,567.30 crore, translating to a margin of 25.17%. Profit After Tax (PAT) rose 133.78% YoY to ₹878.21 crore, reflecting operational excellence and cost optimisation measures. During the quarter, Waaree achieved 2.64 GW production, underlining its capability to meet growing renewable energy requirements.

Interim Dividend and Strategic Investments

On 16th October 2025, the Board approved an interim dividend of ₹2.00 per share for shareholders, demonstrating the company’s commitment to rewarding investors. Waaree also commissioned an additional ~3 GW solar module manufacturing facility at Chikhli, Gujarat.

The Board had previously approved a capital expenditure of ~₹8,175 crore for expanding manufacturing capabilities, including:

• Storage Cell and BESS from 3.5 GWh to 20 GWh (~₹8,000 crore)
• Electrolyser plant from 0.3 GW to 1 GW (~₹125 crore)
• Inverter plant from 3 GW to 4 GW (~₹50 crore)

Strategic Acquisitions Enhance Growth

Waaree strengthened its portfolio through acquisitions, including 64% stake in Kotsons Private Limited to expand the transformer business, Meyer Burger assets in the USA for $18.5 million, and an ongoing 76% acquisition of Racemosa Energy (India) Pvt Ltd to enhance its advanced metering solutions.

Waaree Energies Share Price Performance

On October 17, 2025, Waaree Energies share price (NSE: WAAREEENER) opened at ₹3,650.00, up from its previous close of ₹3,627.40. At 9:40 AM, the share price of Waaree Energies was trading at ₹3,602.70, down by 0.68% on the NSE.

Also Read: Waaree Energies Establishes 950 MW Solar Module Line in Gujarat!

Conclusion

Q2 FY26 marks a record quarter for Waaree Energies with strong revenue growth, exceptional profitability, and strategic expansions. With a robust orderbook of ~24 GW valued at ₹47,000 crore and ongoing investments, the company is well-positioned to sustain growth in the renewable energy and advanced technology sectors.

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