Waaree Energies Ltd Share Price – NSE  / BSE

Capital Goods - Electrical Equipment, Mid Cap

Waaree Solar Americas Inc., a wholly owned subsidiary of Waaree Energies has received an order on 04 February 2026 for supply of 150MW solar modules from a renowned customer who is a solar power developer and engaged in the business of Independent Power Producer.

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In an exchange filing, the company said the supply of the solar modules will be executed over the years 2026 and 2027.

Waaree Energies clarified that none of its promoters or members of the promoter group have any interest in the entity awarding the contract. The company also confirmed that the transaction does not qualify as a related-party transaction and is fully compliant with applicable regulatory norms.

Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems.

The company reported a 115.64% year-on-year (YoY) jump in consolidated net profit to Rs 1,062.46 crore in Q3 FY26, compared with Rs 492.69 crore recorded in the same quarter last year. Revenue from operations soared 118.81% YoY to Rs 7,565.05 crore for the quarter ended 31 December 2025.

The counter rose 0.03% to 3,103 on the BSE.

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Revenue from operations soared 118.81% YoY to Rs 7,565.05 crore for the quarter ended 31 December 2025.

Profit before exceptional items and tax stood at Rs 1,763.80 crore in Q3 FY26, marking a growth of 155.69% from Rs 689.81 crore reported in Q3 FY25. The company reported an exceptional loss of Rs 294.78 crore during the quarter.

EBITDA for the quarter stood at Rs 1,928.15 crore, registering a growth of 167.16% compared with Rs 721.73 crore in Q3 FY25. The EBITDA margin improved significantly to 25.49% in Q3 FY26 from 20.88% in the corresponding quarter last year.

During the quarter, the company achieved module production of 3.51 GW, driven by strong operational execution. Cell production stood at 0.75 GW in Q3 FY26.

On a nine-month basis, Waaree Energies? consolidated net profit jumped 112.27% YoY to Rs 2,650.21 crore, while revenue increased 72.94% YoY to Rs 18,056.52 crore in 9M FY26 compared with the same period last year.

Amit Paithankar, Whole Time Director & CEO, Waaree Energies, said, ?Waaree Energies has delivered another exceptional quarter, with Q3 FY26 marking record revenue and profitability. Over the nine months, we have achieved significant growth in both topline and EBITDA, reflecting the resilience of our business model and the trust our customers place in us. I am pleased to share that Waaree is First Indian Manufacturer to achieve 1 GW+ of module production and sales in single month with 52 modules produced per minute.

We have secured a record order inflow, strengthening our order book of around Rs 60,000 crore ensuring sustained visibility for the years ahead. Also, we have secured bankable PPAs backed by land and connectivity. We are accelerating our transformation into an integrated clean energy solutions provider by strengthening adjacencies across BESS, inverter, transformer, Renewable Power Infrastructure and green hydrogen electrolyser creating a resilient and future-ready portfolio. Additionally, our recent acquisition strengthens our supply chain by ensuring secure and fully traceable access to polysilicon, supporting Waaree?s rapidly expanding manufacturing footprint in the U.S.A. and global markets.

With disciplined execution, prudent capital allocation and strategic diversification, we are confident of closing FY26 on a strong note. Waaree is on track to achieve its EBITDA target of Rs 5,500?6,000 crore while creating long-term value for stakeholders and contributing meaningfully to India?s clean energy transition.?

Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems.

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Waaree Energies Ltd rose 7.38% today to trade at Rs 2594.2. The BSE Capital Goods index is up 1.03% to quote at 62482.68. The index is down 7.63 % over last one month. Among the other constituents of the index, Premier Energies Ltd increased 4.71% and Jyoti CNC Automation Ltd added 2.97% on the day. The BSE Capital Goods index went down 1.16 % over last one year compared to the 7.92% surge in benchmark SENSEX.

Waaree Energies Ltd has lost 16.19% over last one month compared to 7.63% fall in BSE Capital Goods index and 3.58% drop in the SENSEX. On the BSE, 26869 shares were traded in the counter so far compared with average daily volumes of 95429 shares in the past one month. The stock hit a record high of Rs 3864.4 on 12 Sep 2025. The stock hit a 52-week low of Rs 1808.65 on 07 Apr 2025.

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