Waaree Energies Ltd. has reported stellar growth for the financial year ended March 31, 2026, with standalone revenue reaching Rs 20,990.51 crore and consolidated net profit touching Rs 3,884.15 crore. The company’s Board has approved a massive fundraising plan of up to Rs 10,000 crore to fuel expansion and has recommended a final dividend of Rs 2 per share. Additionally, the company is set to acquire Waaree Semicon Private Limited.
Robust Annual Financial Performance
For the fiscal year ending March 31, 2026, Waaree Energies demonstrated strong operational momentum. On a consolidated basis, the company achieved total revenue of Rs 26,536.77 crore. The net profit attributable to the company’s owners reached Rs 3,711.30 crore for the year. This growth highlights the company’s leading position in the solar manufacturing and power electronics sector.
Strategic Capital Expansion
To support its ambitious growth trajectory, the Board of Directors has approved a fundraising initiative of up to Rs 10,000 crore. These funds are intended to be raised through various instruments, including Equity Shares and non-convertible debentures, via qualified institutional placements or other permissible modes. This capital infusion will be vital for scaling operations and maintaining competitive agility in the renewable energy market.
Expansion into Semiconductors
The company is broadening its strategic scope by acquiring a 100% shareholding in Waaree Semicon Private Limited. This move is designed to establish a presence in the semiconductor industry, focusing on power semiconductor devices such as IGBTs and MOSFETs. These components are critical for enhancing the company’s power electronics, renewable energy solutions, and electric vehicle applications.
Shareholder Value and Governance
Reflecting its commitment to shareholders, the Board has recommended a final dividend of Rs 2 per equity share, representing a 20% rate on the face value of Rs 10, pending approval at the upcoming Annual General Meeting. Furthermore, the company has reinforced its governance structure by re-appointing V J Talati & Co. as Cost Auditor and Mahajan and Aibara as Internal Auditor for the 2026-27 financial year.
Source: BSE
