Waaree Energies has reported a total income of INR 6,226.54 crore for Q2 FY2026, marking a stellar 69.96% year-on-year (YoY) growth. Net profit (profit after tax) for the quarter surged by 133.78% YoY to INR 878.21 crore.
The company achieved 2.64 GW of production in Q2 FY26, driven by a strong operational focus. As of September 30, 2025, the company’s order book stood at 24 GW, valued at INR 47,000 crore—comprising 59.5% overseas and 40.5% domestic orders. (Note: This order book includes both for Waaree Energies’ solar manufacturing business and the solar EPC arm, Waaree Renewable Technologies Ltd.)
Waaree’s total solar module capacity reached 18.7 GW (16.1 GW in India and 2.6 GW in the USA), while cell manufacturing capacity stood at 5.4 GW.
The company’s Board of Directors have approved an interim dividend of INR 2.00 per share.
“This quarter is a best ever quarter in terms of revenue and profitability. Our EBITDA margin expanded by over 800bps backed by favourable revenue mix. Our order book stands strong, and we expect the operational momentum to be stronger in the second half as well,” said Amit Paithankar, whole time director & CEO, Waaree Energies Ltd.
“The company continue to expand its operations capacity both In India and US. The Indian module capacity has expanded by 3 GW during Q2 to reach 16.1 GW and US capacity now stands at 2.6 GW with acquisition of Meyer Berger assets outlining our strong commitment towards US market. The demand outlook for US market remains robust and our ramp-up is progressing as per schedule. We continue to take strong strides towards building an integrated energy solution platform, the recent additional commitment of INR 8,175 crores towards BESS, inverter and green hydrogen electrolysers along with recent strategic acquisitions in transformer and smart meter, are steps towards that direction.”
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