Waaree Energies' Q2 FY 2025-26 Quarterly Results

Result Summary

• Waaree Energies Ltd reported a 35.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 70.0%.
• Its expenses for the quarter were up by 36.7% QoQ and 57.8% YoY.
• The net profit increased 13.6% QoQ and increased 133.8% YoY.
• The earnings per share (EPS) of Waaree Energies Ltd stood at 29.27 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Waaree Energies Ltd is a company primarily involved in the renewable energy sector, with a strong focus on the production and distribution of solar energy solutions. The company is known for manufacturing solar panels and providing solar energy solutions, which cater to a broad range of customers including residential, commercial, and industrial segments. As a key player in the renewable energy industry, Waaree Energies Ltd is committed to innovation and sustainability. The company has been actively expanding its capacity to meet the growing demand for clean energy. Recent developments in the industry indicate a shift towards renewable energy sources, positioning companies like Waaree Energies Ltd at the forefront of this transition. However, specific recent major developments for Waaree Energies are not available in the current context.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Waaree Energies Ltd reported a total income of ₹6226.54 crores. This represents a significant increase of 35.4% compared to the previous quarter (Q1FY26), where the total income was ₹4597.18 crores. Furthermore, the year-over-year (YoY) growth has been substantial at 70.0%, with the total income in Q2FY25 recorded at ₹3663.46 crores. The company's impressive revenue growth highlights its expanding market presence and the increasing demand for its renewable energy products and solutions. The revenue surge is indicative of the company's ability to capitalize on the growing renewable energy market, although specific market strategies are not detailed in the provided data.

Profitability

Waaree Energies Ltd demonstrated robust profitability in Q2FY26, with a profit before tax (PBT) of ₹1231.46 crores. This marks a 30.5% increase from the previous quarter's PBT of ₹943.36 crores. The year-over-year growth in PBT is even more pronounced at 146.9%, with the PBT in Q2FY25 being ₹498.84 crores. After accounting for taxes, the profit after tax (PAT) for Q2FY26 was ₹878.21 crores, which is a 13.6% increase from the ₹772.89 crores recorded in Q1FY26. The YoY increase in PAT stands at an impressive 133.8%, with the PAT in Q2FY25 being ₹375.66 crores. These figures indicate strong profitability, supported by the company's strategic initiatives in cost management and operational efficiency.

Operating Metrics

The operating metrics of Waaree Energies Ltd for Q2FY26 reflect a solid financial performance. Total expenses for the quarter were ₹4995.08 crores, up 36.7% from the previous quarter's expenses of ₹3653.82 crores. Compared to the same quarter last year, total expenses have increased by 57.8%, from ₹3164.63 crores in Q2FY25. Despite the rise in expenses, the company maintained a strong profit margin. The Earnings Per Share (EPS) for Q2FY26 was ₹29.27, representing a 12.8% increase from the previous quarter's EPS of ₹25.94. The YoY growth in EPS is notable at 113.5%, with the EPS in Q2FY25 being ₹13.71. These metrics underscore the company's ability to manage its operations effectively while enhancing shareholder value.