Waaree Energies’ Board of Directors has approved the unaudited financial results for Q3 2026. The company reported a total income of ₹6,515.85 crores and a net profit of ₹1,009.48 crores. The results reflect continued growth in revenue and strategic investments in capacity expansion, including developments in Gujarat and Maharashtra. Amid ongoing investigations, Waaree maintains a positive outlook.
Financial Performance Highlights
Waaree Energies announced its unaudited standalone financial results for Q3 2026, showcasing significant financial activity. Key highlights include:
- Total Income: Reported at ₹6,515.85 crores.
- Net Profit: Reached ₹1,009.48 crores for the quarter.
These figures represent the company’s financial health and operational efficiency during the period.
Strategic Developments and Investments
Waaree Energies continues to focus on expanding its manufacturing capabilities, with ongoing projects in Gujarat and Maharashtra. These investments are aimed at increasing the company’s capacity for solar cell and module production, supporting future growth and market leadership.
Subsidiary Updates and Expansions
Significant activities within Waaree Energies’ subsidiaries include:
- Kotsons Private Limited: Became a subsidiary on October 7, 2025.
- Waaree Smart Meters Private Limited: (formerly Racemosa Energy (India) Private Limited) became a subsidiary on November 7, 2025.
- Waaree Energy Storage Solutions Private Limited (WESSPL): Reduced the Company’s shareholding to 89.98%.
Ongoing Investigations
The company is addressing investigations by U.S. Customs and Border Protection (CBP) and Income Tax authorities in India. A provision of ₹294.78 crores has been recognized related to potential liabilities from the CBP investigation. Waaree is cooperating with authorities and is working toward resolving these matters.
Consolidated Financial Highlights
The unaudited consolidated financial results highlight the Group’s performance:
- Total Income: stood at ₹7,761.23 crores.
- Net Profit: was reported as ₹1,106.79 crores.
Other Key Points
- The Indian government’s New Labour Codes led to an estimated ₹7.14 crore increase in employee benefits provision.
Source: BSE
