Waaree Energies Reports 75% Profit Surge, Sets Ambitious FY27 Targets
Waaree Energies shares in focus after Q4 net profit rockets 75%, firm gives strong FY27 guidance
The Economic Times
Image: The Economic Times
Waaree Energies has reported a 74.76% increase in net profit for Q4 FY26, reaching ₹1,126.26 crore. The company anticipates a robust FY27 with an operating EBITDA forecast between ₹7,000 crore and ₹7,700 crore, alongside significant capacity expansions and strategic acquisitions.
- 01Q4 FY26 revenue surged by 111.8% to ₹8,840.25 crore.
- 02Net profit for the quarter rose by 74.76% year-on-year.
- 03Total revenue for FY26 increased to ₹26,536.77 crore, an 84% rise from the previous year.
- 04The company plans to invest ₹3,900 crore in a new glass manufacturing facility.
- 05Waaree has set an ambitious EBITDA target for FY27, ranging from ₹7,000 crore to ₹7,700 crore.
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Waaree Energies, a leading player in the renewable energy sector, reported impressive financial results for Q4 FY26, with revenue reaching ₹8,840.25 crore, reflecting a remarkable 111.8% increase year-on-year. The company's net profit surged by 74.76% to ₹1,126.26 crore, and total revenue for the entire fiscal year rose to ₹26,536.77 crore, an 84% increase from ₹14,444 crore in FY25. The operating EBITDA for FY26 was ₹6,616.79 crore, surpassing the company's guidance of ₹5,500 crore to ₹6,000 crore. Looking forward, Waaree has set an ambitious target for FY27, forecasting an operating EBITDA between ₹7,000 crore and ₹7,700 crore. The company is focusing on expanding its operations into battery energy storage systems, inverters, and green hydrogen technologies. Additionally, Waaree has made strategic moves, including acquiring a stake in United Solar Holding Inc. based in Oman, to enhance its supply chain. The board has approved a capital expenditure of ₹3,900 crore for a new glass manufacturing facility and is constructing a 10 GW integrated ingot and wafer facility in Nagpur with an investment of ₹6,200 crore. The company also announced a final dividend of ₹2 per equity share, bringing the total FY26 dividend to ₹4.
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The expansion and investments by Waaree Energies are expected to create jobs and enhance local manufacturing capabilities in the renewable energy sector.
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