Waaree Energies Q1 Results: Net Profit Soars 89% To Rs 745 Crore, Revenue Up 30% YoY
Waaree Energies Q1 Results: The energy giant said it achieved the highest quarterly module production of 2.3 GW in the first quarter of FY26
Waaree Energies Q1 Results: Waaree Energies Ltd. announced its April-June quarter results for fiscal 2025-26 (Q1FY26) on Monday, July 28, reporting a rise of 89% in consolidated net profit to Rs 745 crore, compared to Rs 394 crore in the corresponding period last year.
The solar equipment manufacturer's topline (revenue from operations) in the first quarter of current fiscal rose 30% to Rs 4,426 crore, compared to Rs 3,409 crore in the year-ago period. Higher revenues boosted the bottom line.
The company said it achieved the highest quarterly module production of 2.3 GW in the first quarter of FY26, driven by strong operational focus, and cell production continues to ramp up. The Board of Directors approved an additional capex of Rs 2,754 crore for the expansion of cell capacity by 4 GW in Gujarat and Ingot-wafer by 4 GW in Maharashtra.
The capex will be spread over FY 2026-27 and will be financed through a combination of internal accruals and borrowed capital. The board has also approved the proposal for the acquisition of 100 per cent shareholding of Voltshift Energy Transition Private Limited (a step-down subsidiary) from Waaree Forever Energies Private Limited (wholly owned subsidiary).
Waaree Energies Q1 FY26 Highlights (Cons, YoY)
Net profit rises 89% to Rs 745 crore Vs Rs 394 crore
Revenue rises 29.8% to Rs 4,426 crore Vs Rs 3,409 crore
EBITDA rises 80.5% to Rs 997 crore Vs Rs 552 crore
Margin at 22.5% Vs 16.2%
Waaree Energies Share Price
Headquartered in Mumbai, Waaree Energies operates manufacturing facilities with an installed capacity of 15 GW for solar PV modules and 5.4 GW for solar cells. Shares of Waaree Energies have gained 2.60% in the past five trading sessions on the NSE.
In the month, it has gained 8.26% and in the past six months, the renewable energy stock has rallied 45.26%. On a year-to-date basis, it has advanced 11.46%. After its listing in October 2024, the solar stock hit a record high of Rs 3,743 apiece on the NSE on Nov. 6, 2024.
Shares of the company touched an all-time low of Rs 1,863 on April 7, 2025. Waaree Energies shares ended 1.62% lower at Rs 3,190.10 apiece on the NSE on Friday. This compares to a 0.90% fall in the benchmark Nifty 50.
Dr. Amit Paithankar, Whole Time Director & CEO, Waaree Energies, said, 'On the demand side, we have a robust order book of Rs 49,000 crore and a global pipeline of 100+ GW, reflecting positive market sentiments across key geographies. This quarter, we achieved its highest-ever production of modules at 2.3 GW'...'We maintain our FY26 EBITDA guidance of Rs 5,500 to Rs 6,000 crore.'
