Waaree Energies Ltd has announced strong financial results for the quarter and year ended March 31, 2026. The company reported a significant increase in annual revenue to ₹26,536.77 crore and a net profit of ₹3,884.15 crore. Additionally, the Board has recommended a final dividend of ₹2 per equity share and approved plans to raise up to ₹10,000 crore to fuel expansion, alongside the strategic acquisition of Waaree Semicon Private Limited.
Financial Performance Overview
For the financial year ended March 31, 2026, Waaree Energies demonstrated robust growth, with annual consolidated revenue reaching ₹26,536.77 crore compared to ₹14,444.50 crore in the previous year. The company’s consolidated net profit for the year stood at ₹3,884.15 crore. In the final quarter (Q4) alone, revenue from operations was reported at ₹8,480.25 crore, with a quarterly net profit of ₹1,126.26 crore.
Strategic Capital Raising and Dividend
To support its long-term growth and infrastructure requirements, the Board of Directors has approved a proposal to raise funds up to an aggregate amount of ₹10,000 crore. This will be executed through the issuance of equity shares, non-convertible debentures with warrants, or other eligible securities via a Qualified Institutional Placement (QIP) or other permissible modes. Furthermore, the company has recommended a final dividend of ₹2 per equity share, subject to shareholder approval at the upcoming Annual General Meeting.
Strategic Acquisition
Waaree Energies has approved the acquisition of 100% shareholding in Waaree Semicon Private Limited, a promoter group entity. This move aims to establish a strategic presence in the power semiconductor sector. The entity will focus on the manufacturing, fabrication, and packaging of power semiconductor devices, including IGBTs and MOSFETs, which are critical components for the company’s renewable energy and power electronics solutions.
Commitment to Transparency and Audits
The company confirmed that its statutory auditors, SRBC & Co. LLP, have issued an unmodified opinion on both the standalone and consolidated financial results for the period. The company also re-appointed M/s. V J Talati & Co. as Cost Auditor and M/s. Mahajan and Aibara as Internal Auditor for the 2026-27 financial year, reflecting a continued commitment to robust internal governance and audit standards.
Source: BSE
