Shares of Waaree Energies climbed over 7% in early moring trade after the company reported a robust set of consolidated results for the third quarter of FY26, driven by sharp growth in revenue, profitability, and operating margins on a year-on-year basis.
For Q3 FY26, Waaree Energies posted consolidated revenue of ₹7,565 crore, compared with ₹3,457 crore in the same quarter last year. This translates into a YoY revenue growth of around 118.9%, reflecting strong execution and higher scale of operations during the quarter.
Operating performance also improved significantly. EBITDA for the quarter stood at ₹1,928 crore versus ₹722 crore a year ago, marking a YoY growth of approximately 167.0%. The EBITDA margin expanded to 25.5% from 20.9% in Q3 FY25, an improvement of 4.6 percentage points. In percentage terms, margins increased by about 22.0% YoY, highlighting better operating leverage and cost efficiencies.
Net profit more than doubled on a year-on-year basis. Waaree Energies reported a consolidated net profit of ₹1,062 crore for Q3 FY26, compared with ₹493 crore in the corresponding quarter last year. This represents a YoY jump of roughly 115.4%.
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