Waaree Energies shares fall over 2% post Q2 results; check dividend details and other highlights of 'best-ever' quarter

Last seen, the stock was trading at ₹3,559.70, down 1.85%.

The renewable energy player reported more than a two-fold jump in its consolidated net profit to ₹871.21 crore in the July-September quarter on the back of higher revenues.

It had clocked a net profit of ₹375.66 crore in the same period of the preceding 2024-25 financial year.

The company's total income increased to ₹6,226.54 crore in the quarter, up from ₹3,663.47 crore in Q2 FY25. This translates to an increase of 69.9% YoY.

Waaree Energies' expenses also increased 57.8% to ₹4,995.08 crore from ₹3,164.63 crore seen in the year-ago period.

The board of the company also approved a dividend of ₹2 per equity share of face value of ₹10 each for FY ending March 2026. The record date for the purpose of determining shareholders' entitlement to the interim dividend has been fixed as Friday, October 24, 2025, and the dividend will be paid to shareholders on Thursday, November 6, 2025.

In a separate statement, Amit Paithankar, Whole Time Director & CEO, Waaree Energies Ltd, said, “This quarter is the best ever quarter in terms of revenue and profitability. Our EBITDA margin expanded by over 800 bps, backed by a favourable revenue mix. Our order book stands strong, and we expect the operational momentum to be stronger in the second half as well.”

Paithankar said that the company continues to expand its operations capacity both in India and the US. The Indian module capacity has expanded by 3 GW during Q2 to reach 16.1 GW, and US capacity now stands at 2.6 GW, with the acquisition of Meyer Berger assets outlining our strong commitment towards the US market.

“The demand outlook for the US market remains robust, and our ramp-up is progressing as per schedule.”

Waaree has reaffirmed its FY 26 EBITDA guidance of ₹5,500 to ₹6,000 crore. This outlook is supported by a strong order book, focused margin management, prudent capital investments, and strategic acquisitions.