Waaree Energies Share Price Soars Post Q3 Results

Waaree Energies recently reported impressive financial results for the third quarter of FY26, which led to a notable 10% increase in its share price. The renewable energy firm achieved a net profit of ₹1,106.79 crore, marking an astounding growth of 118.35% compared to the previous year. The revenue from operations also saw a remarkable jump of 118.81%, reaching ₹7,565.05 crore.

The company’s EBITDA for the quarter was ₹1,928.15 crore, reflecting a year-over-year growth of 167.16% with margins at 25.49%. Waaree achieved 3.51 GW of module production and 0.75 GW of cell production in Q3 FY26, showcasing its strong operational capabilities.

In Gujarat, Waaree Energies launched a new solar module manufacturing facility with a capacity of 2.1 GW and another 3 GW facility in Samakhiali. This expansion is crucial for meeting the rising demand for renewable energy solutions in India.

Moreover, the firm raised around ₹1,003 crore to establish a 20 GWh lithium-ion cell and battery pack manufacturing plant, part of a larger capital expenditure plan of ₹10,000 crore. This move aligns with India's ambitions to enhance its clean energy infrastructure.

Waaree Group also invested USD 30 million in United Solar Holding Inc., a polysilicon producer in Oman, to secure its supply chain and expand its manufacturing presence globally. This strategic investment strengthens Waaree's position in the competitive renewable energy market.

According to Amit Paithankar, CEO of Waaree Energies, the company has experienced record revenue and profitability, with significant growth in both topline and EBITDA. With a robust order book of around ₹60,000 crore and bankable Power Purchase Agreements (PPAs), Waaree is well-positioned for sustained growth.

Market analysts suggest that the recent price movement reflects a bullish sentiment, with institutional participation signaling confidence in the stock's potential. As Waaree Energies continues to innovate and expand, investors are keenly watching its next moves in the thriving renewable energy sector.

Given the company's strong fundamentals and growth trajectory, many investors may find Waaree Energies an attractive option in their portfolios.