| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 6.1K | 37.0% | 69.7% |
| Total Income | 6.2K | 35.4% | 70.0% |
| Expenditure | 5.0K | 36.7% | 57.8% |
| PBT | 1.2K | 30.5% | 146.9% |
| Net Profit | 878.21 | 13.6% | 133.8% |
| OPM | 23.19% | 0.66pp | |
| NPM | 14.10% | 2.71pp | |
| EPS | 29.33 | 13.1% | 2025.4% |
Waaree Energies Reports Best Ever Quarterly Performance with 69.96% Total Income Growth
16 Oct 2025 · 16 Oct 2025, 10:01 pm
Summary
Waaree Energies Limited has reported its best ever quarterly performance with a total income growth of 69.96% for the quarter ended September 30, 2025. The EBITDA for Q2 FY26 increased by 155.29% YoY and the PAT for the quarter grew by 133.78% YoY. The company has an order book of ~24 GW valued at Rs. 47K crores. An interim dividend of 2.00 per share has been declared.
Key Highlights
- 1
Achieved 2.64 GW production in Q2 FY26
- 2
Reported quarterly total income of 6,226.54 crores, marking an impressive 69.96% YoY growth
- 3
EBITDA for the quarter stood at 1,567.30 crores, reporting a growth of 155.29% YoY with margins of 25.17%
- 4
Profit After Tax (PAT) of 878.21 crores, reflecting a substantial 133.78% YoY surge
- 5
On16' October 2025, the Board of Directors have approved an Interim Dividend of 2.00 per share
- 6
Successfully commissioned additional ~3 GW solar module manufacturing facility at Chikhli, (Gujarat)
- 7
Order book of ~24 GW valued at Rs. 47K crores
Management Comments
Mr. Amit Paithankar
Whole Time Director & CEO, Waaree Energies Ltd
Waaree Energies Limited 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 ramp- up is progressing as per schedule. We continue to take strong strides towards building an integrated energy solution platform, the recent additional commitment of ~ %8,175 crores towards BESS, Inverter and Green Hydrogen Electrolysers along with recent strategic acquisitions in transformer and smart meter, are steps towards that direction.
Informational and educational content only. Not investment advice.