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WAWAAREEENER

Waaree Energies Q2 FY26 results (Jul–Sep 2025) and concall

Capital Goods · Concall AI · Call held 17 Oct 2025

Waaree Energies delivered a record-breaking Q2 FY26, with significant year-on-year growth across revenue, EBITDA, and PAT. The company's module and cell capacities are expanding, and the order book remains strong. Strategic acquisitions and a substantial capex plan are underway to diversify and integrate the energy portfolio, with a focus on battery energy storage systems and other adjacencies. Management reiterated its FY26 EBITDA guidance of ₹5,500-6,000 crores.

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What they filed

Q2 FY26: revenue up 69.7%, net profit up 133.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue3,574 3,457 4,004 4,426 6,066 +70%
EBITDA525 722 923 997 1,406 +168%
Net profit376 507 644 773 878 +134%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.