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India
As of 18 Sept 2026, 03:30 pm
For the fiscal year ending March 31, 2026, Waaree Energies reported revenue of ₹20,990.51 Crores, representing a 64.44% year-on-year growth. The company also achieved a record annual module production of 12 GW during this period.
Waaree Energies will hold its 36th Annual General Meeting on September 24, 2026, at 11:00 AM IST via video conferencing. Shareholders will consider the audited financial statements for the fiscal year ending March 31, 2026, and a final dividend of ₹2 per equity share has been proposed. The record date for this dividend was September 11, 2026.
As of September 18, 2026, the daily trend for Waaree Energies indicates a bearish direction with the Supertrend indicator at 2677.8. The weekly trend, however, shows a bullish direction with the Supertrend at 2528.45. Key support levels are observed around ₹2548.67 and ₹2502.67, while nearest resistance levels are identified at ₹2725.61 and ₹2948.68.
As of September 18, 2026, Waaree Energies has shown the following returns: a 4% return in the last day, a -5% return over the last month, a -16% return over the last three months, and a -27% return over the last year. Year-to-date, the return is -13%.
Waaree Energies is expanding into AI-ready data centers, leveraging its existing solar, storage, and grid infrastructure. This move could potentially test the company's capital expenditure and execution capabilities.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Upward price movement of 2.87 standard deviations recorded on 2026-09-04.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹7,931.79 crore | PEAK₹8,480.25 crore | ₹7,565.05 crore | ₹6,065.64 crore | ₹4,425.83 crore |
| Profit Before Tax | ₹1,210.38 crore | ₹1,407.95 crore | PEAK₹1,469.02 crore | ₹1,231.46 crore | ₹943.36 crore |
| Tax Expense | ₹318.51 crore | ₹281.69 crore | PEAK₹362.23 crore | ₹353.25 crore | ₹170.47 crore |
| Profit Loss For Period | ₹891.87 crore | PEAK₹1,126.26 crore | ₹1,106.79 crore | ₹878.21 crore | ₹772.89 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | ₹29.56 per share | ₹36.91 per share | PEAK₹36.95 per share | ₹29.33 per share | ₹25.94 per share |
| Diluted Earnings Loss Per Share From Continuing And Discontinued Operations | ₹29.50 per share | ₹36.84 per share | PEAK₹36.89 per share | ₹29.27 per share | ₹25.84 per share |
Revenue from operations for Q1 FY2026-27 was ₹7,931.79 crore, a 6.5% decrease from ₹8,480.25 crore in the preceding quarter. This followed consecutive quarterly increases in the prior two periods. On a year-over-year basis, revenue grew 79.2% from ₹4,425.83 crore in Q1 FY2025-26, reflecting substantial expansion compared to the same period last year.
Basic earnings per share (EPS) was ₹29.56, down 19.9% from ₹36.91 in Q4 FY2025-26, but up 14.0% from ₹25.94 a year ago. Diluted EPS was ₹29.50, showing a similar pattern. The gap between basic and diluted EPS remained narrow, indicating minimal dilution from potential equity instruments.
Exchange disclosures and regulatory announcements for Waaree Energies.
Waaree Energies Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
Waaree Energies Ltd. announced on September 3, 2026, that its 36th Annual General Meeting will be held on September 24, 2026, at its registered office in Mumbai to consider the audited financial statements for the fiscal year ending March 31, 2026. The company also disclosed that the e-voting period for the meeting commenced on September 20, 2026, and concluded on September 23, 2026, with results to be declared immediately following the conclusion of voting.
Waaree Energies Ltd. submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26 to the BSE and NSE on September 02, 2026, accompanied by an independent assurance report from Bureau Veritas. The filing discloses that the company achieved a record annual module production of 12 GW and revenue of ₹20,990.51 Crores with 64.44% year-on-year growth during FY 2026. Key sustainability metrics reported include total Scope 1 emissions of 339.74 CO2e tonnes, total water consumption of 22,78,757 kiloliters, and 5.34% energy consumption from renewable sources.
Waaree Energies Ltd. will hold its 36th Annual General Meeting on September 24, 2026, at 11:00 AM via video conferencing to adopt audited standalone and consolidated financial statements for FY ended March 31, 2026, declare a final dividend of ₹2 per equity share (20% on face value), re-appoint Whole-Time Director Mr. Viren Chimanlal Doshi (DIN:00207121) retiring by rotation, ratify cost auditor M/s V. J Talati & Co's remuneration of ₹1,30,000 for FY 2026-27, and appoint Ms. Mona Bhide (DIN:05203026) as an Independent Director for five years from August 30, 2026 to August 29, 2031. The record date for dividend is September 11, 2026, and remote e-voting runs from September 20 to September 23, 2026.
Waaree Energies Limited has sent a letter to shareholders who have not registered their email addresses, providing the weblink to the Integrated Annual Report for FY 2025-26. The company's 36th Annual General Meeting is scheduled for September 24, 2026, at 11:00 AM IST via video conferencing. The letter was sent to members who had not registered their email as of the cut-off date of August 28, 2026.
Waaree Energies Limited announced its 36th Annual General Meeting will be held on September 24, 2026, via video conference to transact six agenda items. Key resolutions include adopting audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, declaring a dividend, and reappointing Executive Director Viren Chimanlal Doshi. The meeting will also ratify remuneration for cost auditor M/s V. J Talati & Co. and appoint Ms. Mona Bhide as a Non-Executive Independent Director with a tenure from August 30, 2026, to August 29, 2031.
Waaree Energies Ltd. commissioned Phase-I of its 3 GW inverter manufacturing capacity and operationalized a 6 GW module facility at Samakhiali, Gujarat, while commencing construction on a 10 GW integrated ingot-wafer facility in Nagpur, Maharashtra. For the fiscal year ended March 31, 2025, the company reported revenue from operations of ₹26,536.77 Crores, representing an 83.72% year-over-year increase, with total scaled solar module capacity reaching approximately 25.8 GW. The Board guided FY27 operating EBITDA between ₹7,000–7,700 Crores, supported by a strategic investment in polysilicon production in Oman and plans to scale US manufacturing capacity to 4.8 GW by FY27.
Waaree Energies Limited has informed the Exchange about Copy of Newspaper Publication regarding the 36th Annual General Meeting. |SUBJECT: Copy of Newspaper Publication
Recent market and company developments associated with Waaree Energies.
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The group’s entry into AI-ready data centres leverages its expanding solar, storage, and grid infrastructure, but the move could test its capex and execution bandwidth.
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Andhra Pradesh will procure 1600 mw of new thermal power through competitive bidding with developers required to maintain 15 day coal stock to ensure 24 7 supply and el nino resilience.
The new plant is scheduled to become operational by April 2027; will allow Waaree Transpower to serve customers across 132 kV, 220 kV, and 400 kV voltage classes
Comprehensive Section Breakdown for Waaree Energies
Strategic Vision: Manufactures solar components and provides integrated energy solutions.
• Vertically integrated operations across the solar value chain.
• End-to-end solutions for energy transition.
• Global distribution to over 24 countries.
For the quarter ended 30 June 2026, Waaree Energies reported a sequential decline in revenue and profit from the previous quarter, yet both metrics remained substantially above the same quarter a year earlier. The drop in net profit was steeper than the fall in pre-tax profit, partly due to a higher effective tax rate. Inter-segment revenue jumped, reflecting increased internal activity within the vertically integrated business.
Profit before tax (PBT) was ₹1,210.38 crore, down 14.0% from ₹1,407.95 crore in Q4 FY2025-26, but up 28.3% from ₹943.36 crore a year ago. Profit after tax (PAT) declined more sharply, falling 20.8% sequentially to ₹891.87 crore, while rising 15.4% year-over-year.
The tax expense for the quarter was ₹318.51 crore, an increase of 13.1% from the previous quarter and 86.8% from the same quarter last year. The effective tax rate (tax expense as a percentage of PBT) rose to approximately 26.3% in Q1 FY2026-27, compared to about 20.0% in Q4 FY2025-26 and 18.1% in Q1 FY2025-26. This higher tax rate amplified the sequential decline in net profit relative to pre-tax profit.
Inter-segment revenue reached ₹391.88 crore in Q1 FY2026-27, a substantial increase from ₹46.89 crore in Q1 FY2025-26 (up 735.7%) and from ₹271.96 crore in Q3 FY2025-26 (up 44.1%). This rapid growth indicates expanding internal transactions within the company's vertically integrated operations, which span solar cells, modules, EPC, and other energy solutions. The magnitude of inter-segment revenue, while still small relative to total revenue from operations, has grown significantly over the past year.
The first quarter of fiscal 2027 showed a sequential pullback from the prior quarter's higher revenue and profit levels, but the year-over-year comparisons show substantial growth. The increase in the effective tax rate was a notable factor in the profit decline. The rapid growth in inter-segment revenue points to deepening internal integration. Overall, the quarter reflects a moderation after a strong previous quarter, with the business still operating at a much higher level than a year ago.
Category: Manufacturing
Manufactures high-performance solar PV modules and solar cells, which are core components for solar energy systems.
Category: B2B Services
Provides comprehensive energy solutions including inverters, smart meters, green hydrogen, battery energy storage, and transformers.
Category: B2B Services
Offers comprehensive services for the execution of large-scale solar projects.
Core Thesis: Waaree Energies leverages its vertical integration across the solar value chain to offer end-to-end green energy solutions.
• Vertical Integration: Covers the entire value chain from solar ingots, wafers, and cells to PV modules, inverters, and energy storage. • Product Manufacturing: Engages in the manufacturing of key solar components like PV modules and solar cells. • Integrated Solutions: Provides comprehensive energy solutions including EPC services, green hydrogen, and battery energy storage.