Waaree Energies’ stock garnered attention following a significant increase in net profit for the quarter ending September 2025, driven by higher revenue figures.
The company reported a standalone net profit of ₹1,159.53 crore for the quarter, marking more than a two-fold increase from ₹357.46 crore in the same quarter last year. Revenue from operations surged by 44.5% to ₹4,581.84 crore in Q2 FY26, up from ₹3,169.07 crore in Q2 FY25.
Additionally, Waaree Energies’ board approved a dividend of ₹2 per equity share, based on a face value of ₹10 for the fiscal year ending March 2026. The record date for determining shareholder entitlement to this interim dividend has been set for Friday, October 24, 2025, with payment scheduled for Thursday, November 6, 2025.
Commenting on the company’s performance, Amit Paithankar, Whole Time Director & CEO of Waaree Energies, stated, “Our EBITDA margin expanded by over 800bps backed by a favorable revenue mix. Our order book stands strong, and we expect the operational momentum to be stronger in the second half as well.”
Paithankar also highlighted ongoing capacity expansions in both India and the US. The Indian module capacity has increased by 3 GW during Q2, reaching 16.1 GW, while the US capacity now totals 2.6 GW following the acquisition of Meyer Berger assets. “The demand outlook for the US market remains robust, and our ramp-up is progressing according to schedule,” he added.
On the National Stock Exchange (NSE), the stock traded at ₹3,582.80 at 11:21 AM, reaching a high of ₹3,718.80 after opening the day at ₹3,650, compared to the previous close of ₹3,627.40.
The article was published on October 17, 2025.
