Waaree Energies Limited has informed the Exchange that Board of Directors at its meeting held on April 29, 2026, recommended Final Dividend of Rs. 2 per equity share, subject to approval of the Shareholders at the ensuing Annual General Meeting.
WAAREEENER · price
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Waaree Energies reported strong FY2026 results with consolidated revenue of Rs. 26,536.77 Crores (up 84% YoY) and net profit of Rs. 3,884.15 Crores (up 101% YoY). The Board recommended a final dividend of Rs. 2 per equity share (20% on face value Rs. 10), pending shareholder approval at AGM. The company also approved raising up to Rs. 10,000 Crores through QIP or other modes, and acquiring 100% of Waaree Semicon Private Limited for Rs. 1 Lakh to enter the semiconductor business. Key concerns include a US Customs investigation with Rs. 294.78 Crores provision and ongoing arbitration with Enel Green Power.
The dividend is modest at Rs. 2 per share; impact on stock price will depend on market expectations and the stock's current valuation. Strong profit growth is positive, but dilutive fund-raising plans and regulatory investigations may create near-term headwinds.