Waaree Energies, based in India, reported a significant decline in its overseas revenue, which fell to 20% in the fourth quarter of fiscal year 2026, down from 32.6% in the previous quarter and over 45% in Q2 FY26. This downturn is attributed to logistics challenges arising from the ongoing crisis in West Asia, which led to shipment delays and increased inventory levels. Chief Financial Officer Abhishek Pareek noted that the company had to shift more shipments to non-premium markets, adversely affecting its revenue mix. The company also faced a contraction in profit margins, which decreased to 18.6% from 23% year-on-year, primarily due to soaring commodity prices, including silver, copper, and aluminum. Waaree plans to invest around ₹30,000 crore over the next two years to enhance its production capabilities and transition to advanced technologies. Despite the challenges, the company reported a 75% increase in consolidated net profit to ₹1,126 crore for the quarter ending March 31, with total income more than doubling to ₹8,659.98 crore.