Audited financial results for the half year and year ended March 31, 2026.
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Waaree Technologies reported a net loss of Rs 417.84 Lakhs for FY2026, improved from Rs 565.00 Lakhs loss in FY2025. Revenue from operations declined significantly to Rs 713.24 Lakhs from Rs 1,023.57 Lakhs in the previous year (approximately 30% decline). Total expenses reduced to Rs 1,300.95 Lakhs from Rs 1,798.36 Lakhs. The company continues to burn cash with negative shareholder funds deepening to Rs (608.79) Lakhs from Rs (190.96) Lakhs previously. EPS improved from Rs (5.25) to Rs (3.88) per share. The auditor issued an unmodified (clean) opinion on the financial statements.
The stock may face pressure due to significant revenue decline and deeply negative shareholder funds indicating erosion of net worth. However, reduced losses and improved EPS could provide some comfort to investors. The negative net worth raises questions about the company's long-term viability.