Waaree Energies Limited Reports Best Ever Quarterly Performance

Commenting on the results Mr. Amit Paithankar, Whole Time Director & CEO, Waaree Energies Ltd said:
Waaree Energies Limited continues to deliver robust operational performance in Q2 FY26, building on the momentum of the previous quarter. This quarter is a best ever quarter in terms of revenue and profitability. Our EBITDA margin expanded by over 800bps backed by favourable revenue mix. Our order book stands strong, and we expect the operational momentum to be stronger in the second half as well.

The company continue to expand its operations capacity both In India and US. The Indian module capacity has expanded by ~3 GW during Q2 to reach 16.1 GW and US capacity now stands at 2.6 GW with acquisition of Meyer Berger assets outlining our strong commitment towards US market. The demand outlook for US market remains robust and our ramp-up is progressing as per schedule. We continue to take strong strides towards building an integrated energy solution platform, the recent additional commitment of ~ ₹8,175 crores towards BESS, Inverter and Green Hydrogen Electrolysers along with recent strategic acquisitions in transformer and smart meter, are steps towards that direction.

I am pleased to inform that the Board has approved a dividend of ₹ 2.00 per share marking an affirmation of our exemplary financial performance and robust cashflow generation.

Moving forward, Waaree reaffirms its FY26 EBITDA guidance of ₹5,500 to ₹6,000 crores. This outlook is supported by strong orderbook, focused margin management, prudent capital investments and strategic acquisitions.