Waaree Energies Ltd reported an 89% year-on-year jump in consolidated net profit for Q1 FY26, reaching ₹745 crore. Driven by record solar module production and strong EPC segment growth, the company’s shares climbed 5% to ₹3,266.90 in Tuesday’s session.
Waaree Energies Ltd, is one of India’s leading players in the renewable energy sector, primarily focused on solar photovoltaic (PV) modules and engineering, procurement, and construction (EPC) services. The company has emerged as a key contributor to India’s green energy transition with a global footprint in utility-scale solar projects.
In its latest earnings report released on July 28, 2025, Waaree Energies posted a consolidated net profit of ₹745 crore for the quarter ending June 30, 2025, marking a robust 89% year-on-year growth from ₹394 crore in the same period last year. This exceptional performance pushed the company’s share price up by 5% to ₹3,266.90 during Tuesday’s trading session.
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The profit surge was largely attributed to the company’s highest-ever quarterly production of 2.3 gigawatts (GW) in solar PV modules, underpinned by enhanced operational efficiencies and rising market demand. The quarter also witnessed continued growth in solar cell production, reinforcing Waaree’s manufacturing momentum.
Revenue from solar PV modules rose to ₹3,872.35 crore, up from ₹3,178 crore in Q1 FY25. The EPC segment delivered an exceptional 160.50% YoY increase, with revenue reaching ₹589.27 crore. Overall, Waaree Energies’ consolidated operating revenue climbed 31.48% YoY to ₹4,597.18 crore.
Also Read: Sun Shines on Waaree Energies as Stock Jumps 6% Before Results
On the profitability front, EBITDA surged 82.61% to ₹1,168.67 crore, while EBITDA margins improved by 712 basis points to 25.42%, highlighting better cost controls and pricing power.
The company also reported a strong order book of ₹49,000 crore, along with a global project pipeline exceeding 100 GW, reflecting growing international traction and a bullish outlook in key markets.
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