Waaree Energies Ltd. announced strong Q2 FY26 results, showcasing a 70% year-over-year increase in total income, reaching ₹6,227 Cr. EBITDA soared by 155% to ₹1,567 Cr, with a margin of 25.2%. The company’s PAT also witnessed substantial growth, climbing by 134% to ₹878 Cr. This performance is backed by a robust order book of approximately ₹47,000 Cr.
Exceptional Financial Performance
Waaree Energies Ltd. has reported outstanding financial results for the second quarter of FY26, demonstrating significant growth across key metrics:
- Total Income: ₹6,227 Cr, a 70% increase year-over-year
- EBITDA: ₹1,567 Cr, a substantial 155% increase year-over-year, with a margin of 25.2%
- Profit After Tax (PAT): ₹878 Cr, reflecting a 134% growth year-over-year
The company’s robust financial performance is underpinned by strong operational efficiencies and favorable market conditions.
Operational Highlights
Key operational highlights supporting the company’s financial success include:
- Module Capacity: Approximately 18.7 GW
- Cell Capacity: 5.4 GW
- Order Book: Approximately ₹47,000 Cr
Strategic Investments and Future Outlook
Waaree Energies is making significant investments to further expand its capabilities and market presence:
- Capex Planned: Over ₹25,000 Cr
The company reaffirms its FY26 EBITDA guidance in the range of ₹5,500-6,000 Cr, indicating confidence in continued growth and profitability. This expansion includes a commitment to battery energy storage systems with investments up to ₹10,000 Cr, and a green hydrogen electrolyser manufacturing facility with investments up to ₹676 Cr.
Source: BSE