Waaree Energies Shares Drop 10% Following Q4 Earnings Miss
Waaree Energies plunges 10% after Q4 miss; Ebitda margin shrinks to 18.6%
Business Standard
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Waaree Energies' shares fell nearly 10% after the company reported lower-than-expected Q4FY26 results, with revenue of ₹8,840.25 crore and a net profit of ₹1,126.26 crore. The EBITDA margin also contracted to 18.6%, disappointing investors amid rising operational costs.
- 01Waaree Energies' share price dropped 10% after Q4FY26 results.
- 02Revenue surged 112% year-on-year to ₹8,840.25 crore.
- 03Net profit increased by 74.7% year-on-year to ₹1,126.26 crore.
- 04EBITDA margin shrank to 18.6%, below analyst expectations.
- 05The management guided for FY27 EBITDA between ₹7,000-₹7,700 crore.
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Waaree Energies' share price plunged nearly 10% on the Bombay Stock Exchange (BSE) following disappointing Q4FY26 results, where the company reported a revenue of ₹8,840.25 crore and a net profit of ₹1,126.26 crore, both missing analyst estimates. The EBITDA margin contracted sharply to 18.6%, down from 23% year-on-year, indicating increased operational costs and margin normalization. Analysts had anticipated a higher EBITDA margin of 21.9% based on increased cell production. Despite the revenue growth of 112% year-on-year, the results fell short of expectations set by Kotak Institutional Equities and Motilal Oswal. Looking ahead, Waaree Energies' management has projected an EBITDA range of ₹7,000-₹7,700 crore for FY27 and approved a fundraise of up to ₹10,000 crore to support growth initiatives.
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The drop in share price may affect investor confidence and could influence future funding and expansion plans for Waaree Energies.
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