Noida, Apr 30 (APAC Media): Shares of Waaree Energies declined sharply on Thursday, sliding as much as 10.5% to an intraday low of Rs 3,140.45 on the BSE, following the company’s announcement of its March quarter and FY26 financial results along with a series of strategic initiatives and capacity expansion plans.
Waaree Energies reported a 71.44% year-on-year rise in its consolidated profit after tax to Rs 1,061.1 crore for the quarter ended March 2026, compared with Rs 618.91 crore in the same period prior year.
The company posted Q4 FY26 revenue of Rs 8,840.25 crore, registering a sharp 111.8% year-on-year growth. Profit after tax for the quarter rose to Rs 1,126.26 crore, up 74.76% from the corresponding period last year.
However, operating EBITDA came in at Rs 1,576.76 crore, marking a 70.91% year-on-year rise. EBITDA margins were reported at 18.59%, according to a regulatory filing.
Waaree’s board has recommended a final dividend of Rs 2 per equity share, taking the total dividend for FY26 to Rs 4 per share on a face value of Rs 10.
The WAAREE on a full-year basis reported revenue from operations of Rs 26,536.77 crore in FY26, an 84% increase from Rs 14,444 crore in the previous fiscal year. EBITDA for the year stood at Rs 6,616.79 crore, surpassing the company’s guided range of Rs 5,500 crore to Rs 6,000 crore.
The firm has projected operating EBITDA in the range of Rs 7,000 crore to Rs 7,700 crore for FY27. It stated that its strategic priorities will continue to centre on deepening value chain integration, scaling up emerging growth areas, and foraying into adjacent segments such as battery energy storage systems, inverters, transformers, transmission and distribution equipment, and electrolysers used for green hydrogen.
The company completed the acquisition of a strategic stake in United Solar Holding Inc., a polysilicon manufacturer based in Oman. The deal is aimed at strengthening a traceable supply chain and supporting the company’s global expansion strategy, including its planned growth in the United States.
The board has cleared a capital expenditure of Rs 3,900 crore for the establishment of a 2,500 tonnes per day (TPD) glass manufacturing facility. Meanwhile, construction has commenced on a 10 GW integrated ingot and wafer plant in Nagpur, with an investment of Rs 6,200 crore, as part of efforts to strengthen upstream operations and improve supply chain self-reliance.
The company has also commissioned an additional 3 GW of module manufacturing capacity at its Samakhiali plant in Gujarat.
Disclaimer:Â Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
Also Read:
