Waaree Energies' Q3 FY 2025-26 Quarterly Results
- 22 Jan 2026
Result Summary
- Waaree Energies Ltd reported a 24.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 118.9%.
- Its expenses for the quarter were up by 20.1% QoQ and 110.0% YoY.
- The net profit increased 26.0% QoQ and increased 118.4% YoY.
- The earnings per share (EPS) of Waaree Energies Ltd stood at 36.89 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 7761.23 | 6226.54 | 3545.26 | 24.6% | 118.9% |
Total Expenses | 5997.43 | 4995.08 | 2855.46 | 20.1% | 110.0% |
Profit Before Tax | 1469.02 | 1231.46 | 689.81 | 19.3% | 113.0% |
Tax | 362.23 | 353.25 | 182.94 | 2.5% | 98.0% |
Profit After Tax | 1106.79 | 878.21 | 506.88 | 26.0% | 118.4% |
Earnings Per Share | 36.89 | 29.27 | 18.33 | 26.0% | 101.3% |
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 prominent player in the renewable energy sector, primarily focusing on the manufacturing of solar panels. The company is part of the larger Waaree Group, which has a significant presence in the solar energy industry with a comprehensive range of solar products and services. It operates in various segments, including solar photovoltaic modules, EPC (engineering, procurement, and construction) services, and project development. As a leader in the renewable energy space, Waaree Energies Ltd has been actively involved in expanding its production capacities and exploring new markets for its solar energy products. As of the latest updates available, the company continues to focus on innovation and sustainability within the industry.
Revenue
In Q3FY26, Waaree Energies Ltd reported a total income of ₹7761.23 crores. This represents a significant increase of 24.6% quarter-over-quarter (QoQ) from ₹6226.54 crores in Q2FY26. Year-over-year (YoY), the company's total income saw a substantial rise of 118.9% from ₹3545.26 crores in Q3FY25. This growth in revenue reflects the company's robust business operations and potential expansion in its market presence. The upward trend in total income highlights the company's ability to increase its revenue streams over both the short and long term.
Profitability
The profitability of Waaree Energies Ltd has shown notable improvement in Q3FY26. The company recorded a profit before tax of ₹1469.02 crores, which is an increase of 19.3% from ₹1231.46 crores in Q2FY26 and a remarkable YoY growth of 113.0% from ₹689.81 crores in Q3FY25. After accounting for taxes of ₹362.23 crores, the profit after tax in Q3FY26 stood at ₹1106.79 crores, marking a 26.0% QoQ growth from ₹878.21 crores in Q2FY26 and a significant 118.4% YoY increase from ₹506.88 crores in Q3FY25. These figures indicate a strong performance in terms of profitability, driven by increased revenues and managed expenses.
Operating Metrics
The operating metrics of Waaree Energies Ltd for Q3FY26 reveal that total expenses amounted to ₹5997.43 crores, which saw a 20.1% QoQ increase from ₹4995.08 crores in Q2FY26 and a 110.0% YoY rise from ₹2855.46 crores in Q3FY25. Despite the rise in expenses, the company achieved an earnings per share (EPS) of ₹36.89 in Q3FY26, up by 26.0% from ₹29.27 in Q2FY26 and a significant 101.3% increase from ₹18.33 in Q3FY25. The consistent increase in EPS over the quarters indicates an effective management strategy in leveraging operational efficiencies to enhance shareholder value.