Waaree Energies Ltd has reported strong financial performance for the quarter and financial year ended March 31, 2026. The company achieved Rs 26,536.77 crores in consolidated revenue for the year and announced a final dividend of Rs 2 per equity share. Additionally, the Board has approved raising up to Rs 10,000 crores through new securities to fuel further growth and the acquisition of a semiconductor subsidiary to strengthen its power electronics footprint.
Fiscal Year 2026 Financial Highlights
For the fiscal year ended March 31, 2026, Waaree Energies reported a significant surge in consolidated revenue from operations at Rs 26,536.77 crores, up from Rs 14,444.50 crores in the previous year. The net profit attributable to owners of the parent company stood at Rs 3,711.30 crores for the year. For the final quarter (Q4), the company recorded revenue of Rs 8,480.25 crores.
Strategic Capital Raising
To support its long-term growth and ambitious projects, the Board of Directors has approved a proposal to raise funds through the issuance of various securities, including equity shares and non-convertible debentures. The aggregate amount for this capital raise is set at Rs 10,000 crores. These funds are intended to be deployed via Qualified Institutional Placements or other permissible modes, subject to shareholder and regulatory approvals.
Expanding Semiconductor Capabilities
In a move to diversify its technological expertise, Waaree Energies has approved the acquisition of a 100% shareholding in Waaree Semicon Private Limited. This strategic acquisition will enable the company to establish a presence in the manufacturing and packaging of power semiconductor devices, such as IGBTs and MOSFETs. This initiative is designed to integrate advanced power electronics directly into the company’s existing renewable energy and energy storage solutions.
Dividend and Governance
Recognizing the strong financial performance, the Board has recommended a final dividend of Rs 2 per equity share (at a rate of 20% on a face value of Rs 10 per share) for the year ended March 31, 2026. This dividend payment remains subject to approval by the members at the upcoming Annual General Meeting.
Source: BSE
