Waaree Energies FY26 Revenue up 83.72% to ₹26,536.77 Cr; PAT up 101.45%

Waaree Energies Ltd. announced record-breaking audited financial results for FY26, with Revenue from Operations surging 83.72% year-on-year to ₹26,536.77 Crores. The company's PAT more than doubled, growing by 101.45% YoY to ₹3,884.15 Crores, while Operating EBITDA increased by 117.10% to ₹5,908.64 Crores, surpassing its guidance. For Q4 FY26, revenue grew 111.80% YoY to ₹8,480.25 Crores and PAT rose 74.76% YoY to ₹1,126.26 Crores. Operational highlights include achieving the highest-ever annual module production of 12.6 GW. Strategically, Waaree completed the acquisition of a stake in United Solar Holding Inc., approved a ₹3,900 Cr capex for a glass manufacturing plant, and commenced construction of a 10 GW integrated ingot and wafer facility with a ₹6,200 Cr capex. The board recommended a final dividend of ₹2 per equity share, bringing the total FY26 dividend to ₹4 per share. The company projects an Operating EBITDA range of ₹7,000 - 7,700 Cr for FY27.