{"id":177305,"date":"2026-01-23T06:21:56","date_gmt":"2026-01-23T11:21:56","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=177305"},"modified":"2026-01-23T06:21:56","modified_gmt":"2026-01-23T11:21:56","slug":"waaree-energies-shares-rise-after-double-digit-growth-in-quarterly-earnings","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/waaree-energies-shares-rise-after-double-digit-growth-in-quarterly-earnings\/","title":{"rendered":"Waaree Energies Shares Rise After Double-Digit Growth in Quarterly Earnings"},"content":{"rendered":"\n

Waaree Energies Ltd<\/em> (NSE: WAAREEENER, BSE: 544277) shares closed at \u20b92,608.60<\/strong> on the National Stock Exchange on Thursday, up about 12 %<\/strong> on the day, after the company reported sharply higher quarterly results. The stock traded in a range of approximately \u20b92,560\u2013\u20b92,740 during the session.<\/p>\n\n\n\n

Market Capitalization<\/strong><\/h2>\n\n\n\n

At the closing price on January 22, Waaree Energies\u2019 market capitalization stood near \u20b975,000 crore<\/strong>.<\/p>\n\n\n\n

Latest Quarterly Results<\/strong><\/h2>\n\n\n\n

For the third quarter of fiscal year 2026 ended December 31, 2025, Waaree Energies reported the following consolidated results compared with the year-ago quarter:<\/p>\n\n\n\n

    \n
  • Revenue from operations:<\/strong> \u20b97,565.05 crore, up 118.8 % YoY<\/strong> (Q3 FY25: ~\u20b93,457.29 crore).<\/li>\n\n\n\n
  • Net profit (Profit After Tax):<\/strong> \u20b91,106.79 crore, up 118.4 % YoY<\/strong> (Q3 FY25: ~\u20b9506 crore).<\/li>\n\n\n\n
  • <\/li>\n<\/ul>\n\n\n\n
    \"\"<\/figure>\n\n\n\n

    Segment Revenue Highlights (Q3 FY26 vs Q3 FY25):<\/strong><\/h2>\n\n\n\n
      \n
    • Solar photovoltaic modules:<\/strong> \u20b96,989.56 crore (Q3 FY25: \u20b93,108.29 crore).<\/li>\n\n\n\n
    • Generation of power:<\/strong> \u20b99.24 crore (Q3 FY25: \u20b97.52 crore).<\/li>\n\n\n\n
    • EPC contracts:<\/strong> \u20b9838.21 crore (Q3 FY25: \u20b9351.16 crore).<\/li>\n<\/ul>\n\n\n\n

      Reported EBITDA<\/strong> for the quarter was \u20b91,928.15 crore, up 167.2 % YoY<\/strong>, with EBITDA margin<\/strong> expanding to 25.49 %.<\/p>\n\n\n\n

      M&A \/ Strategic Investment Comments<\/strong><\/h3>\n\n\n\n

      Polysilicon Supply Investment<\/strong><\/p>\n\n\n\n

        \n
      • Management confirmed<\/em> that Waaree\u2019s ongoing capital expenditure program includes a USD 30 million strategic investment in United Solar Holding Inc.<\/strong>, a polysilicon producer in Oman, intended to secure upstream material supply for its expanding manufacturing footprint.<\/li>\n<\/ul>\n\n\n\n

        Operational & Financial Targets<\/strong><\/h2>\n\n\n\n
          \n
        • CEO Amit Paithankar stated that with \u201cdisciplined execution, prudent capital allocation and strategic diversification,\u201d Waaree is \u201con track\u201d to achieve its **FY26 EBITDA target of \u20b95,500 crore to \u20b96,000 crore,\u201d tying this guidance directly to the results announcement.<\/li>\n<\/ul>\n\n\n\n

          Performance Summary<\/strong> <\/h2>\n\n\n\n

          Waaree Energies stock closed up 7.55%<\/strong> at \u20b92,601.60<\/strong>. The company reported a 118.8%<\/strong> jump in Q3 revenue to \u20b97,565.05 crore<\/strong> and a record order book of \u20b960,000 crore<\/strong>. Growth was underpinned by massive capacity additions in Gujarat and strong demand for solar modules.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Waaree Energies Ltd (NSE: WAAREEENER, BSE: 544277) shares closed at \u20b92,608.60 on the National Stock Exchange on Thursday, up about 12 % on the day, after the company reported sharply higher quarterly results. The stock traded in a range of approximately \u20b92,560\u2013\u20b92,740 during the session. Market Capitalization At the closing price on January 22, Waaree […]<\/p>\n","protected":false},"author":2392,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,1941,5746,5],"tags":[10169,14492],"class_list":["post-177305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-stock-analysis","category-energy-stocks","category-latest","tag-earnings","tag-financial-results"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":168057,"url":"https:\/\/alphastreet.com\/india\/waaree-energies-ltd-q4fy25-36-rise-in-profits\/","url_meta":{"origin":177305,"position":0},"title":"Waaree Energies Ltd Q4FY25; 36% rise in Profits","author":"Chirag Gupta","date":"April 23, 2025","format":false,"excerpt":"Incorporated in December 1990, Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW.WEL has five solar module manufacturing facilities in India, with international presence. 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