Waaree Energies shares rise over 3% after 89% YoY surge in Q1 profit
Shares of Waaree Energies Ltd jumped 3.47% on the BSE to ₹3,218.60 on Tuesday, after the company reported a robust 89% year-on-year (YoY) surge in consolidated net profit for the first quarter of FY26.
The solar energy player posted a profit after tax (PAT) of ₹745 crore, sharply up from ₹394 crore in Q1 FY25. Sequentially, PAT rose 20% compared to ₹619 crore in Q4 FY25.
Revenue from operations also impressed, climbing 30% YoY to ₹4,426 crore and marking an 11% sequential rise from ₹4,004 crore in the March quarter. Segment Highlights Solar Photovoltaic Modules : ₹3,872 crore in Q1FY26 vs ₹3,178 crore YoY and ₹3,617 crore QoQ
EPC (Engineering, Procurement & Construction) : ₹589 crore vs ₹226 crore YoY and ₹465 crore QoQ
Power Generation: ₹11 crore, flat YoY and up from ₹8 crore QoQ
The company's total expenses for the quarter stood at ₹3,654 crore, up from ₹2,966 crore in Q1 FY25 and ₹3,291 crore in Q4 FY25. Spending rose mainly due to higher input costs, purchases, and employee benefit expenses.
With continued growth across all verticals and strong sequential momentum, investor sentiment appears optimistic, reflected in Tuesday's share price action.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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