Waaree Energies Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
WAAREEENER · price
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Waaree Energies reported strong FY2026 consolidated results with revenue from operations of Rs. 26,537 Crores, up 84% from Rs. 14,445 Crores in FY2025. Net profit after tax grew 101% to Rs. 3,884 Crores from Rs. 1,928 Crores. Basic EPS stood at Rs. 129.10. The Board declared a final dividend of Rs. 2 per share (20%). Additionally, the company plans to raise up to Rs. 10,000 Crores via QIP or other modes, and acquired Waaree Semicon Private Limited for Rs. 1 Lakh (related party transaction) to enter semiconductor manufacturing for power electronics. The auditors flagged two ongoing investigations: US CBP investigation with Rs. 294.78 Crores provision made, and Income Tax department investigation from November 2025.
The company demonstrated exceptional revenue and profit growth in FY2026, indicating strong business momentum. However, the US CBP and IT investigations with provisions create regulatory risk visibility. The Rs. 10,000 Crores fund-raising plan suggests significant capital expansion plans.