Financial Highlights

Waaree Energies reported a significant surge in its consolidated performance for Q2 FY26:

Key Developments

Dividend Announcement

• The Board of Directors has declared an interim dividend of ₹2 per equity share for FY26.
• Record date: October 24, 2025
• Dividend payout date: November 6, 2025

Operational Performance

• Robust growth across key financial metrics
• EBITDA margin improved from 17.09% in Q2 FY25 to 25.84% in Q2 FY26

Government Incentives

• Waaree Solar Americas Inc., a wholly-owned subsidiary, recognized ₹162.22 crore as other operating income from Advanced Manufacturing Production Credits (AMPC) under the U.S. Inflation Reduction Act.

Strategic Developments

• Discussions ongoing regarding the potential acquisition of Enel Green Power India Private Limited
• Completed acquisition of a 64% stake in Kotsons Private Limited on October 7, 2025, for ₹192 crore
• Waaree Power Private Limited plans to acquire a 76% stake in Racemosa Energy (India) Private Limited for approximately ₹53 crore

Regulatory Investigation

• U.S. Customs and Border Protection has initiated an investigation into Waaree Energies and its U.S. subsidiary
• Investigation concerns the origin of components used in solar modules exported to the United States since January 2021

Market Implications

The strong financial performance and strategic acquisitions may position Waaree Energies for potential growth in the renewable energy sector. However, the ongoing U.S. investigation could impact the company's operations in the American market.

The interim dividend announcement may be viewed positively by income-focused investors, reflecting the company's commitment to shareholder returns amidst robust financial performance.

As the solar energy sector continues to expand globally, Waaree's strategic moves and financial strength could provide it with a competitive edge, subject to favorable resolution of regulatory challenges.

Note: Investors are advised to conduct their own research and consider market risks before making investment decisions.

Waaree Energies Ltd, a prominent solar module manufacturer, is set to unveil its financial performance for the second quarter of fiscal year 2026. The company has scheduled the release of its unaudited financial results for the quarter ended September 30, 2025, on October 16, 2025.

Key Highlights

• Results Announcement: The Board of Directors will review both standalone and consolidated results for Q2 and H1 FY26 on October 16, 2025.
• Dividend Consideration: The board will also consider proposing an interim dividend for FY 2025-26.
• Analyst Call: A conference call for analysts and investors is scheduled for October 17, 2025, at 12:30 PM IST.
• Trading Window: The trading window for directors and key personnel remains closed from October 1 until 48 hours after the results declaration.

Stock Performance

Waaree Energies' stock has shown significant momentum recently:

Conference Call Details

For those interested in gaining deeper insights into the company's performance, Waaree Energies will host a conference call with the following key participants:

• Mr. Amit Paithankar (Whole Time Director & CEO)
• Ms. Sonal Shrivastava (Chief Financial Officer)
• Mr. Abhishek Pareek (Group Head - Finance)
• Mr. Neeraj Vinayak (Vice President – Investor Relations)
• Mr. Rohit Wade (General Manager - Investor Relations)

Investors and analysts can access the call using the universal dial-in numbers: +91 22 6280 1550 or +91 22 7115 8378. International toll-free numbers are also available for participants from Hong Kong, UK, Singapore, and the USA.

The upcoming financial results and potential interim dividend announcement could provide valuable insights into Waaree Energies' operational performance and shareholder returns. Investors and market watchers will be keen to see how the company has navigated the dynamic solar energy sector in the past quarter and its outlook for the remainder of the fiscal year.