Waaree Energies Share Price Falls Over 8% on Thursday Despite 71.5% Surge in Q4 PAT and Rs 10,000 Crore Fund Raise Plan

The Indian equity markets traded under pressure on Thursday, with the Nifty 50 index declining by 1.20 per cent to 23,886.70 during the session. Amid weakness across broader benchmark indices, stock-specific selling pressure was visible in select renewable energy counters. In this segment, Waaree Energies' share price fell 8.22 per cent to Rs 3,215 after the company announced its audited Q4FY26 and full year FY26 financial results, along with final Dividend recommendation, Rs 10,000 crore fundraising approval and acquisition-related updates.

Waaree Energies Q4FY26 Results

Waaree Energies reported consolidated revenue from operations of Rs 8,480.25 crore in Q4FY26 as against Rs 4,003.93 crore in Q4FY25, registering a sharp growth of 111.8 per cent YoY. Total income stood at Rs 8,659.98 crore compared to Rs 4,140.92 crore in the corresponding quarter last year, reflecting a rise of 109.1 per cent YoY.

Profit before Tax came in at Rs 1,407.95 crore as against Rs 845.46 crore reported in Q4FY25, marking a growth of 66.5 per cent YoY. On a sequential basis, profit before tax declined from Rs 1,469.02 crore reported in Q3FY26.

Profit after tax attributable to owners of the parent stood at Rs 1,061.10 crore in Q4FY26 compared to Rs 618.91 crore in Q4FY25, registering a growth of 71.5 per cent YoY. On a QoQ basis, PAT remained largely stable against Rs 1,062.46 crore reported in the December quarter. Earnings per share for the quarter stood at Rs 36.91 as against Rs 21.59 in Q4FY25.

Waaree Energies FY26 Annual Performance

For the financial year ended March 31, 2026, consolidated revenue from operations stood at Rs 26,536.77 crore as against Rs 14,444.50 crore reported in FY25, registering a growth of 83.7 per cent YoY. Total income increased to Rs 27,244.92 crore from Rs 14,846.06 crore.

Profit before tax stood at Rs 5,051.79 crore in FY26 compared to Rs 2,564.64 crore in FY25, marking a growth of 96.98 per cent YoY.

Profit after tax attributable to owners of the parent was reported at Rs 3,711.30 crore compared to Rs 1,867.39 crore in FY25, reflecting a growth of 98.7 per cent YoY. Annual earnings per share stood at Rs 129.10 as against Rs 68.24 in the previous financial year.

Board Recommends Dividend and Approves Fund Raise

The Board of Directors has recommended a final dividend of Rs 2 per equity share for FY26, subject to shareholders’ approval at the ensuing AGM. Alongside this, the company has approved raising up to Rs 10,000 crore through QIP or other permissible securities issuance routes to support future expansion plans.

Strategic Semiconductor Acquisition Approved

Waaree Energies also approved the acquisition of 100 per cent shareholding of Waaree Semicon Private Limited through its wholly owned subsidiary Waaree Power Private Limited. The move is aimed at building strategic presence in power semiconductor devices, including PV diodes, IGBTs and MOSFETs for renewable energy, inverter, EV and energy storage applications.

About Waaree Energies 

Waaree Energies Ltd is India’s leading Solar PV module manufacturer and one of the fastest growing integrated renewable energy companies with operations spanning solar module manufacturing, EPC services, battery storage, smart meters, inverters and international solar projects. The company has a rapidly expanding domestic and overseas manufacturing footprint and is aggressively building backward integration capabilities across the clean energy value chain.

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Disclaimer: This article is for informational purposes only and not investment advice.