Waaree Energies’ Board approved the Q2 FY26 results, reporting a consolidated revenue from operations of ₹10,491.47 Crores and a net profit of ₹1,651.10 Crores. The board has declared an interim dividend of ₹2 per equity share with a face value of ₹10 each. The record date for determining shareholders’ entitlement to the dividend is set for October 24, 2025, and the payment will be made on November 6, 2025.
Financial Performance Highlights
Waaree Energies announced its Q2 FY26 consolidated financial results, revealing strong performance metrics:
- Revenue from operations: ₹10,491.47 Crores
- Net Profit: ₹1,651.10 Crores
These results reflect the company’s solid financial standing and operational efficiency during the reporting period. The board has also reviewed and approved the standalone and consolidated unaudited financial results for Q2 FY26.
Interim Dividend Announcement
The Board of Directors has declared an interim dividend of ₹2 per equity share. Key dates for the dividend are:
- Record Date: October 24, 2025
- Payment Date: November 6, 2025
This decision underscores Waaree Energies’ commitment to delivering shareholder value. The dividend applies to shares with a face value of ₹10 each.
Subsidiary Updates
The company is progressing with its acquisition strategy:
- Kotsons Private Limited: Subscription to 64% of equity shares completed on October 7, 2025, making Kotsons a subsidiary.
- Racemosa Energy (India) Private Limited: Acquisition of 76% equity stake through Waaree Power Private Limited is underway, subject to customary conditions.
Operational Developments
A key operational change has been approved by the shareholders:
- Project Location: Relocation of manufacturing facilities from Odisha to Gujarat (solar cell and module) and Maharashtra (ingot wafer).
US Investigation Update
Waaree Energies is addressing an ongoing investigation:
- US Customs and Border Protection (CBP): Cooperating with investigation related to component origins and applicable duties.
Source: BSE