Athira Sethu
Kochi, 30 April 2026
Waaree Energies, a prominent solar PV module manufacturer, saw its stock price falling around 10% on Thursday despite posting strong profit growth in Q4FY26. Investors factored in the miss in the operating margin along with the high valuation in the stock. At 12.50 PM, the stock price of the company was trading 10.25% down at Rs 3,143 per share in NSE on Thursday.
caught attention with its earnings release for the March quarter of the financial year 2025-26. The company reported a substantial rise in net profit and revenue, reflecting strong growth driven by operational efficiency and scale. Alongside these impressive results, the board also approved a ₹10,000 crore fundraising plan through a Qualified Institutional Placement (QIP).
| Key Financial Metrics | Q4 FY26 | Q4 FY25 | YoY Change |
| Net Profit (Attributable to Owners) | ₹ 1,061.1 crore | ₹ 618.91 crore | +71.44% |
| Revenue from Operations | ₹ 8,480.25 crore | ₹ 4,003.93 crore | +111.79% |
| Operating EBITDA | ₹ 1,576.76 crore | ₹ 922.57 crore | +70.91% |
| Operating EBITDA Margin | 18.59% | 23.04% | -4.45% |
| Annual Production & Operations | FY26 | FY25 |
| Module Production (Q4) | 4.2 GW | – |
| Annual Module Production | 12.6 GW | – |
| Total Revenue (FY26) | ₹ 26,536.77 crore | – |
| Dividend & Fundraising Plans | Details |
| Final Dividend per Share | ₹ 2 per share (20% of ₹10 face value) |
| Fundraising via QIP | ₹ 10,000 crore |
(The information is for educational purposes only. Please consult your financial advisor before investing in stocks).
