Waaree Energies’ stock was in focus following over two-fold rise in net profit for the quarter ended September 2025 on the back of higher revenues.
Standalone profit & revenue
The company reported ₹1159.53 crore standalone net profit during the quarter under review compared to ₹357.46 crore in the year-ago period. Revenue from operations jumped 44.5 per cent to ₹4,581.84 crore in Q2FY26 as against ₹3,169.07 crore in Q2FY25.
Dividend announcement
In addition, the board approved a dividend of ₹2 per equity share of face value of ₹10 each for FY ending March 2026. The record date for the purpose of determining the entitlement of the shareholders for the interim dividend has been fixed as Friday, October 24, 2025, and the dividend will be paid to the shareholders on Thursday, November 06, 2025.
Commenting on the performance, Amit Paithankar, Whole Time Director & CEO, Waaree Energies, said, “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.”
Paithankar emphasised that the company continues to expand its operations capacity in India and the 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. “The demand outlook for US market remains robust and our ramp-up is progressing as per schedule,” he added.
The stock traded at ₹3,582.80 on the NSE at 11.21 am, scaling to a high of ₹3,718.80 from day’s open at ₹3,650 against the previous close of ₹3,627.40