Waaree Energies Q3 FY26 results (Oct–Dec 2025) and concall

Capital Goods · Concall AI · Call held 25 Feb 2026

Company page: Waaree Energies share price, financials & guidance record

Waaree Energies held a conference call to address the US Department of Commerce's preliminary 126% countervailing duty on Indian solar imports. Management asserted no material impact on their US operations due to a highly diversified, non-Chinese supply chain and an expanding US manufacturing footprint, which is set to reach 4.2 GW by year-end. The company also highlighted robust order book growth and strategic investments in Oman for polysilicon sourcing, reinforcing their resilience against tariff changes and compliance with FEOC regulations.

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What they filed

Q3 FY26: revenue up 118.8%, net profit up 118.3% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26
Revenue	3,574	3,457	4,004	4,426	6,066 +70%	7,565 +119%
Expenses	3,050	2,736	3,081	3,429	4,659	5,637
EBITDA	525	722	923	997	1,406 +168%	1,928 +167%
Margin	15%	21%	23%	23%	23%	25%
Other income	89	88	133	171	161	-99
Interest	31	31	57	43	96	93
Depreciation	84	89	153	182	240	267
Profit before tax	499	690	845	943	1,231 +147%	1,469 +113%
Tax rate	25%	27%	24%	18%	29%	25%
Net profit	376	507	644	773	878 +134%	1,107 +118%
EPS	13.73	17.15	21.54	25.94	29.29	36.94

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.

What they filed

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