Q3 results: revenue Rs 19,952L, PAT Rs 4,147L; CEO change and office relocation approved

Ceo ResignedManagement Changes View source PDF Explain this filing

WAAREEINDO · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.5%Reaction day

₹466.00

prior close

₹470.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-3.2% vs market

Heavy Electrical Equipment peers, median of 29sector-1.4%-3.1% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 3.1 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-6.0

10m

-5.3

15m

-5.4

30m

-4.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.5-1.3-3.2-1.4-3.1

Next day

-9.6-4.0-5.7-4.6-5.1

-13.7-4.8-9.0-6.3-7.5

-9.4-3.3-6.1-5.0-4.4

-5.3-5.3+0.1-8.4+3.1

-7.8-5.2-2.5-6.5-1.2

-7.7-3.7-4.0-3.9-3.8

15d

-3.3+3.6-6.9+6.7-10.0

-13.2+0.1-13.3+6.6-19.8

-21.3-8.9-12.4-1.3-19.9

+16.1+3.2+12.8+22.8-6.7

UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 29Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Indosolar (Waaree group) Q3 FY26 revenue Rs 19,952 lakhs (up 94% YoY), PAT Rs 4,147 lakhs vs Rs 1,024 lakhs. Nine-month PAT jumped to Rs 20,460 lakhs from Rs 1,474 lakhs as commercial operations began mid-2024. CEO Amit Paithankar resigned citing personal reasons. Dr. Jignesh Rathod, Waaree Group veteran with 18-plus years in solar manufacturing, named new CEO. Board also approved shifting the registered office from Delhi to Maharashtra.

Likely market impact

Strong YoY profit growth driven by full operations. Smooth internal CEO transition within Waaree group should be viewed positively.