NewsEarningsWaaree Energies Reports Record Quarterly Performance with 70% Revenue Growth, Declares ₹2 Interim DividendWaaree Energies Reports Record Quarterly Performance with 70% Revenue Growth, Declares ₹2 Interim Dividend
Waaree Energies announced its best quarterly performance with total income of ₹6,226.54 crores, up 69.96% YoY. EBITDA rose 155.29% to ₹1,567.30 crores, and PAT increased 133.78% to ₹878.21 crores. The company declared an interim dividend of ₹2.00 per share and approved ₹8,175 crores for capacity expansion. Waaree maintains a 24 GW orderbook worth ₹47,000 crores. The company is under investigation by U.S. Customs regarding the origin of components in its solar modules exported to the US.
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Waaree Energies Limited , a prominent player in the solar energy sector, has announced its financial results for the quarter, marking its best quarterly performance to date, along with an interim dividend declaration.
Financial Performance Highlights
Waaree Energies reported the following consolidated financial results:
| Metric | Amount (₹ Crores) | YoY Growth |
|---|---|---|
| Total Income | 6,226.54 | 69.96% |
| EBITDA | 1,567.30 | 155.29% |
| Profit After Tax | 878.21 | 133.78% |
EBITDA margins expanded to 25.17%.
Operational Highlights
- Achieved 2.64 GW production
- Maintains an orderbook of approximately 24 GW valued at ₹47,000 crores
Interim Dividend and Capex Approval
- The Board approved an interim dividend of ₹2.00 per share
- Additional capex of ₹8,175 crores approved for expanding:
- Storage cell manufacturing capacity
- BESS (Battery Energy Storage System) capacity
- Electrolyser manufacturing capacity
- Inverter manufacturing capacity
Strategic Acquisitions
- Acquired a 64% stake in Kotsons Private Limited
- Purchased Meyer Burger assets in the USA for $18.5 million
Future Outlook
The company has reaffirmed its guidance of ₹5,500 to ₹6,000 crores EBITDA for the fiscal year, demonstrating confidence in its continued growth trajectory.
US Customs Investigation
On September 25, 2025, the U.S. Customs and Border Protection (CBP) initiated an investigation into Waaree Energies and its subsidiary, Waaree Solar Americas, Inc. The investigation concerns:
- The origin of components used in solar modules manufactured by the company in India and exported to the United States
- Related duties applicable since January 2021
Waaree Energies has stated that it is cooperating with the investigation and has submitted the requested information. The company maintains that it has complied with applicable laws set by the CBP. However, the outcome of the investigation remains uncertain at this stage, and no adjustments have been made to the financial results pending the investigation's conclusion.
While the company's financial performance shows strong growth, the ongoing CBP investigation introduces an element of uncertainty. The resolution of this investigation may have implications for Waaree Energies' operations and exports to the United States, a key market for solar products.
The interim dividend declaration, coupled with the robust financial results, signals the company's confidence in its financial position and commitment to shareholder returns. However, prudent management of the ongoing regulatory challenges will be crucial for maintaining this positive momentum in the coming quarters.
Historical Stock Returns for Waaree Energies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.10% | +8.45% | +1.35% | +62.69% | +55.09% | +55.09% |
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