Waaree Energies Q2 FY26 earnings call transcript filed

Management guided margin improvementPromoter disclosed acquisition plansOrder pipeline disclosedMulti-year targets disclosedInvestor Communications View source PDF Explain this filing

WAAREEENER · price

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

-2.6%Reaction day

₹3581.00

prior close

₹3499.00

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.0%-2.6% vs market

Other Electrical Equipment peers, median of 40sector-1.1%-1.5% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Midcap 150 and 1.5 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-2.6-0.0-2.6-1.1-1.5

Next day

-3.0+0.6-3.5+0.3-3.2

-3.9+0.4-4.3+0.2-4.2

-4.4-0.1-4.3-0.4-4.0

-4.4+0.7-5.1-1.6-2.9

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-8.6-0.2-8.4-4.0-4.6

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-16.9+0.2-17.1-14.0-2.9

-23.2-2.7-20.5-22.0-1.2

UpDownMarket · Nifty Midcap 150Sector · Other Electrical Equipment peers, median of 40Pending

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

AI summary

Waaree Energies filed Q2 FY26 earnings call transcript. Revenue up 70% YoY at INR 6,227 cr; EBITDA rose 155% to INR 1,567 cr (25.17% margin); PAT up 134% at INR 878 cr. Order book at INR 47,000 cr (24 GW), pipeline 100+ GW. FY26 EBITDA guidance reaffirmed at INR 5,500-6,000 cr. Interim dividend of INR 2/share. Additional INR 8,175 cr capex approved; total capex plan over INR 25,000 cr. Acquisitions: Racemosa, Kotsons, Meyer Burger US. BESS capacity to scale to 20 GWh.

Likely market impact

Strong Q2 with order book visibility. Acquisitions and INR 25,000+ cr capex plan signal aggressive expansion; execution risk and tariff uncertainty remain.