Waaree Energies share price slips 9% after Q4 results, dividend announcement; check key numbers

The stock declined as much as 9.12% to ₹3,183.2 apiece on the National Stock Exchange (NSE). At 9:29 am, it was down 8.48% to ₹3,205.90 per unit.

Waaree Energies Q4 results

Waaree Energies recorded a 71.44% increase in its consolidated net profit attributable to the owners of the company at ₹1,061.1 crore for Q4 FY26. The company had posted a post-tax profit of ₹618.91 crore in the year-ago quarter.

Revenue from operations climbed 111.79% to ₹8,480.25 crore in Q4 FY26, compared to ₹4,003.93 crore in the corresponding period of the previous fiscal year.

The company's operating EBITDA rose 70.91% to ₹1,576.76 crore in the quarter under review, compared to ₹922.57 crore a year back, according to an exchange filing. Operating EBITDA margin stood at 18.59% vs 23.04%.

Waaree Energies recommended a final dividend of ₹2 per share of ₹10 each at the rate of 20% for FY26, subject to approval of the members at the upcoming annual general meeting (AGM).

The company achieved module production of 4.2 GW in the reporting quarter and the highest ever annual production of 12.6 GW for

FY26 backed by strong operational efficiency and scale advantages.

In a meeting April 29, the company's board also approved raising ₹10,000 crore via qualified institutional placement (QIP).

Commenting on earnings, Jignesh Rathod, Whole Time Director and CEO, said, "Waaree Energies Ltd has delivered a record-breaking performance in FY26, reaching total revenue from operations of ₹26,536.77 crore. Our operational milestones have been equally significant, as we have scaled our production across module and cell. This year was defined by execution at scale, advancing backward integration and ensuring consistent delivery through operational excellence. Scale expansion improved efficiency and cost leadership, supporting strong demand."

"As we enter FY27, company is projecting an operating EBITDA range of ₹7,000 - 7,700 Cr. Our focus is on deepening value chain integration while scaling next-generation growth engines, strengthening Waaree’s vertical capabilities and expanding into high-potential adjacent segments," he added.