Waaree Energies Ltd has announced its financial results for the quarter and year ended March 31, 2026. The company reported a consolidated net profit of ₹1,126.26 crore for Q4 and ₹3,884.15 crore for the full fiscal year. Additionally, the Board has recommended a final dividend of ₹2 per equity share and approved plans to raise up to ₹10,000 crore through qualified institutional placements or other eligible securities.
Strong Financial Performance for FY26
Waaree Energies Ltd showcased robust growth in its audited financial results for the fiscal year ended March 31, 2026. The consolidated revenue from operations for the full year reached ₹26,536.77 crore, a significant increase compared to the previous year. For the final quarter (Q4), the company recorded a revenue of ₹8,480.25 crore and a net profit of ₹1,126.26 crore, reflecting sustained operational strength.
Dividend and Capital Raising Plans
In a move to reward shareholders, the Board of Directors has recommended a final dividend of ₹2 per equity share, representing a 20% payout on the face value of ₹10 per share, subject to approval at the upcoming Annual General Meeting. Furthermore, to fuel future growth and strategic initiatives, the Board has approved the raising of funds up to ₹10,000 crore through the issuance of equity shares, debentures, or other convertible securities.
Strategic Acquisition to Enhance Semiconductor Capabilities
The company has approved the acquisition of a 100% shareholding in Waaree Semicon Private Limited through its wholly-owned subsidiary, Waaree Power Private Limited. This acquisition is designed to establish a strategic presence in the power semiconductor space. Waaree Semicon will focus on developing capabilities in critical components like PV diodes, IGBTs, and MOSFETs, supporting the company’s broader renewable energy and power electronics ecosystem.
Operational Highlights and Future Outlook
Waaree continues to scale its operations with massive investments in solar manufacturing. The company is actively pursuing its expansion into 6GW of Ingot-Wafer, Solar Cell, and Solar PV Module manufacturing capacity in Gujarat and Maharashtra. Despite global regulatory uncertainties, the company maintains a positive outlook, bolstered by strong performance in its US subsidiary and ongoing capital expenditure projects to meet the rising demand for renewable energy solutions.
Source: BSE
