Waaree Energies Declares First-Ever Dividend — Check Record Date, Other Details

Waaree Energies Ltd. has declared an interim dividend of Rs 2 per equity share of face value of Rs 10 each for the financial year 2026, according to an exchange filing on Thursday.

This is the first dividend announced by the renewable energy company, since its listing last year.

The record date to determine the entitlement of the shareholders for the interim dividend has been fixed as Oct. 24, 2025, that is Friday. The dividend will be paid to eligible shareholders by Nov. 6, 2025, as per the filing.

Waaree Energies Ltd. saw an over two-fold jump in its net profit in the second quarter of this financial year.

The company has posted a consolidated bottom-line of Rs 843 crore in the June-September period, as against Rs 362 crore in the same quarter last year, according to its stock exchange notification on Thursday.

Revenue increased by 69.7% year-on-year to Rs 6,066 crore. Operating income, or earnings before interest, taxes, depreciation, and amortisation more than doubles year-on-year to Rs 1,406 crore. The Ebitda margin expanded to 23.2%

• Net profit more than doubles to Rs 843 crore versus Rs 362 crore.

• Revenue rises 69.7% to Rs 6,066 crore versus Rs 3,574 crore.

• Ebitda more than doubles to Rs 1,406 crore versus Rs 525 crore.

• Margin at 23.2% versus 14.7%.

Waaree Energies, founded in 1990 and headquartered in Mumbai, is the country’s largest solar module manufacturer, with an aggregate installed capacity of 13.3 GW as of June 30, 2024.

The quarterly earnings was shared after market hours. The stock settled 3.10% higher at Rs 3,627.40 apiece on the NSE, compared to a 1.03% advance in the benchmark Nifty 50.

Waaree Energies shares have risen 27.07% year-to-date and 55% since its listing in October last year.

Out of nine analysts tracking the company, six maintains a 'buy' rating and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target of Rs 3,561 implies a downside of 1.8%.