Waaree Energies Ltd has announced robust financial results for the quarter and year ended March 31, 2026. The company reported a consolidated net profit of ₹1,126.26 crore for the quarter, with annual consolidated revenue soaring to ₹26,536.77 crore. Alongside these record figures, the board has recommended a final dividend of ₹2 per share and approved plans to raise up to ₹10,000 crore to fuel strategic expansion and new business initiatives.
Fiscal Year 2026 Financial Highlights
The company delivered strong financial performance for the year ended March 31, 2026. Annual consolidated revenue reached ₹26,536.77 crore, up significantly from ₹14,444.50 crore in the previous year. Annual net profit grew to ₹3,884.15 crore, compared to ₹1,928.13 crore in FY25. For the final quarter (Q4), the company reported a net profit of ₹1,126.26 crore on revenue of ₹8,480.25 crore.
Capital Raising and Expansion Plans
To support its ambitious growth trajectory, the board of directors has approved the raising of funds up to ₹10,000 crore. This capital will be generated through the issuance of equity shares, non-convertible debentures, and other eligible securities via Qualified Institutional Placement (QIP) or other permissible modes. These funds are intended to strengthen the company’s manufacturing capacity and support long-term strategic projects.
Strategic Acquisition in Semiconductor Sector
Demonstrating its commitment to vertical integration, the company has acquired 100% shareholding of Waaree Semicon Private Limited. This move establishes a strategic presence in the power semiconductor devices industry, including the development of PV diodes, IGBTs, and MOSFETs. The acquisition aims to enhance the company’s capabilities in power electronics and renewable energy solutions, with a focus on packaging and assembly (OSAT).
Dividend Recommendation
Reflecting confidence in its financial health and value creation for shareholders, the board has recommended a final dividend of ₹2 per equity share (at the rate of 20%) for the financial year ended March 31, 2026. This recommendation is subject to the approval of shareholders at the upcoming Annual General Meeting (AGM).
Source: BSE
