Waaree Energies reported its best-ever quarterly performance with total income up by 69.96%, reaching ₹6,226.54 crores. EBITDA surged by 155.29% year-over-year. The company’s strong performance is backed by a robust order book of approximately 24 GW, valued at around ₹47,000 crores. An interim dividend of ₹2.00 per share has been declared, reflecting the company’s financial strength.
Exceptional Financial Results
Waaree Energies announced a remarkable 69.96% increase in total income, achieving ₹6,226.54 crores for the quarter. EBITDA experienced a significant upswing of 155.29% compared to the previous year. The company’s profit after tax (PAT) also showed substantial growth, increasing by 133.78%.
Key Financial Metrics
Here are some of the key financial highlights for the quarter:
Total Income: ₹6,226.54 crores
EBITDA: ₹1,567.30 crores
PAT: ₹878.21 crores
Operational Highlights
Waaree Energies achieved 2.64 GW production during the quarter, driven by strong operational efficiency. EBITDA margin stood at 25.17%. This was supported by growth in total income and profitability.
Strategic Developments
The Board of Directors approved an interim dividend of ₹2.00 per share on October 16, 2025. The company successfully commissioned an additional ~3 GW solar module manufacturing facility at Chikhli, Gujarat.
Capacity Expansion
Waaree Energies is expanding its capacity through additional capital expenditure. The company is investing in:
Storage Cell and BESS manufacturing capacity expansion to 20 GWh.
Electrolyser manufacturing plant from 0.3 GW to 1 GW.
Inverter manufacturing plant from 3 GW to 4 GW.
Acquisitions and Investments
Waaree Energies completed the acquisition of a 64% stake in Kotsons Private Limited on October 7, 2025, to enhance its transformer business. The company also acquired assets of Meyer Burger in the USA for $18.5 million. It is also in the process of acquiring a 76% stake in Racemosa Energy (India) Private Limited to enhance its advanced metering portfolio.
Future Outlook
Waaree Energies reaffirms its EBITDA guidance of ₹5,500 to ₹6,000 crores for the financial year. This outlook is based on a solid order book, margin management strategies, and ongoing capital investments.
Source: BSE
