Waaree Energies Net Profit Jumps 75 Pc To ₹1,126 Cr In Q4

Waaree Energies has posted around 75% rise in consolidated net profit to ₹1,126 crore during the quarter ended March 31, supported by higher revenues from its core business.

The company had reported a net profit of ₹644.47 crore in the year ago period, the company said in an exchange filing on Wednesday.

During the January-March quarter, the company's total income more than doubled to ₹8,659.98 crore from ₹4,140.92 crore in the fourth quarter of the preceding 2024-25 financial year.

For the entire FY26, the net profit surged to ₹3,884.15 crore from ₹1,928.13 crore in FY25.

The board of the company has recommended a final dividend of ₹2 per equity share of ₹10 each at the rate of 20% for the year ended March 31, 2026, subject to approval of the Members at the ensuing Annual General Meeting (AGM) of the company.

The board also approved raising up to ₹10,000 crore through Qualified Institutional Placement (QIP) route or through any other permissible mode, subject to approval of shareholders.

In a statement, company's Whole Time Director & CEO Jignesh Rathod said FY26 performance lays a strong foundation for a stated roadmap towards becoming one of the largest non Chinese energy transition enablers.

With expansions into battery energy storage systems, inverters, transformers, transmission and distribution and electrolysers for green hydrogen.

"As we enter FY27, the company is projecting an Operating EBITDA range of ₹7,000 -7,700 crore. Our focus is on deepening value chain integration while scaling next-generation growth engines, strengthening Waaree's vertical capabilities and expanding into high-potential adjacent segments," the company official said.

The company announced that it has completed the acquisition of a strategic stake in United Solar Holding Inc., Oman’s polysilicon leader, securing a traceable supply chain and supporting its US and global expansion.

As per the statement, a capex of ₹3,900 crore has been approved by the board for a 2,500 TPD (tonne per day) glass manufacturing plant.

It has commenced construction of India's largest 10 GW integrated ingot and wafer facility in Nagpur with ₹6,200 cr capex, strengthening upstream solar manufacturing and supply chain self-reliance.

It has also commissioned an additional module capacity of 3 GW at Samakhiali, Gujarat.