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Waaree Energies LimitedWAAREEENERCorporate

Technology Solar Latest results: Jun 2026 12 quarters of data
Consolidated Standalone
₹2,565.40
MCap ₹73,794 Cr · P/E 19.2
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹6,222 Cr
Sales · Jun 2026
+84.6% YoY
₹1,038 Cr
Operating Profit · Jun 2026
+22.3% YoY
16.7%
OPM % · Jun 2026
-33.7% YoY
₹739 Cr
Net Profit · Jun 2026
+12.0% YoY
₹25.69
EPS · Jun 2026
+11.8% YoY

📝 Waaree Energies Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Waaree Energies Limited reported revenue of ₹6,222 crore for the quarter ended June 2026 (Q1 FY27), up 84.6% from ₹3,370 crore in the same quarter last year, and down 7.8% sequentially over the March 2026 quarter.

Net profit rose 12.0% year-on-year to ₹739 crore, from ₹660 crore. Earnings per share (EPS) came in at ₹25.69.

Operating profit stood at ₹1,038 crore — an operating margin (OPM) of 16.7%, compared with 25.2% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Waaree Energies Limited posted revenue of ₹20,991 crore, a growth of 64.4% over FY25, with a net profit of ₹3,763 crore (up 111.2% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹23,842 crore with a net profit of ₹3,842 crore.

Valuation snapshot

At the current price of ₹2,565.40, WAAREEENER has a market capitalisation of ₹73,794 crore and a trailing P/E of about 19.2.

Within the Solar industry, it is the largest of the 5 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 64.12%, foreign institutional investors (FIIs) 8.57%, domestic institutional investors (DIIs) 4.09%, public shareholders 23.22% of Waaree Energies Limited.

Promoter holding slipped from 64.19% to 64.12% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹73,794 Cr
Current Price ?
₹2,565.4
P/E ?
19.21above ind
Industry P/E ?
16.20
P/B ?
5.62
P/S ?
3.10
P/FCF ?
-392.52
Enterprise Value ?
₹75,809 Cr
EV/EBITDA ?
15.25
PEG ?
0.18
Earnings Yield ?
5.5%
Dividend Yield ?
0.08%
Profitability & Returns
Sales (TTM) ?
₹23,842 Cr
OPM ?
20.8%
Profit after tax (TTM) ?
₹3,842 Cr
EPS (TTM) ?
₹133.57
ROCE ?
43.0%
ROE ?
29.3%
ROA ?
16.6%
Growth
Sales — latest qtr ?
₹6,222 Cr
PAT — latest qtr ?
₹739 Cr
YoY qtr sales growth ?
84.6%
YoY qtr profit growth ?
12.0%
Sales growth (3y) ?
48%
Sales growth (5y) ?
60%
Profit growth (3y) ?
104%
Profit growth (5y) ?
144%
Financial Health
Debt ?
₹2,015 Cr
Debt to Equity ?
0.15
Interest Coverage ?
20.5
Current Ratio ?
N/A
Ownership
Promoter holding ?
64.12%
Change in promoter holding ?
-0.19%
Pledged percentage ?
N/A
Market
Return 3 months ?
-9.7%
Return 6 months ?
-26.0%

🗓️ Quarterly results (12 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 3,3691,4212,6833,1903,1693,0823,3233,3704,5826,2916,7486,222 +84.6% -7.8%
Operating Profit 484853525194746407628491,0421,6811,2091,038 +22.3% -14.1%
Other Income 2210736688104102160197735225230195 -1.1% -15.3%
Interest 311845302727483458763141 +21.6% +32.4%
Depreciation 68707272747797130183195199199 +53.6% +0.1%
Profit Before Tax 4071036005044776387768831,5361,3401,209993 +12.5% -17.9%
Net Profit 302834323723574715816601,1601,009934739 +12.0% -20.9%
EPS 15.314.2221.9318.8613.5917.6120.2322.9740.3635.1032.4525.69 +11.8% -20.8%
OPM % 14.4% 6.0% 13.1% 16.3% 14.9% 20.8% 22.9% 25.2% 22.7% 26.7% 17.9% 16.7% -33.7% -6.7%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹12,765 Cr ₹20,991 Cr ₹23,842 Cr +64.4%
Operating Profit ₹2,395 Cr ₹4,781 Cr ₹4,970 Cr +99.6%
OPM % 18.77% 22.78% 20.85% +21.4%
NPM % 13.96% 17.93% 16.11% +28.4%
Other Income ₹454 Cr ₹1,387 Cr ₹1,384 Cr +205.7%
Depreciation ₹320 Cr ₹707 Cr ₹776 Cr +120.6%
Interest ₹132 Cr ₹198 Cr ₹206 Cr +50.9%
EBIT ₹2,075 Cr ₹4,074 Cr ₹4,194 Cr +96.4%
PBT ₹2,396 Cr ₹4,968 Cr ₹5,078 Cr +107.3%
Tax ₹483 Cr ₹930 Cr ₹961 Cr +92.7%
Net Profit ₹1,781 Cr ₹3,763 Cr ₹3,842 Cr +111.2%
EPS ₹70.29 ₹130.88 ₹133.60 +86.2%
Material Cost ₹6,474 Cr ₹9,231 Cr ₹10,954 Cr +42.6%
Employee Cost ₹183 Cr ₹259 Cr ₹270 Cr +41.3%
Extraordinary Items — ₹-295 Cr ₹-295 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 243263287288 +0.3%
Reserves 1,7003,8409,12012,842 +40.8%
Borrowings 2403341,0022,015 +101.1%
Other Liabilities 5,1516,2377,4437,984 +7.3%
Total Liabilities 7,33310,67417,85223,129 +29.6%
Fixed Assets 9201,0122,8454,299 +51.1%
CWIP 4531,2071,734701 -59.6%
Investments 2542852362,826 +1097.5%
Other Assets 5,7068,17113,03815,303 +17.4%
Total Assets 7,33310,67417,85223,129 +29.6%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 1,4922,1162,940705 -76.0%
Cash from Investing Activity -2,241-3,252-6,767-1,360 +79.9%
Cash from Financing Activity 8729604,077510 -87.5%
Net Cash Flow 123-176249-145 -158.2%
Free Cash Flow 700888540-188 -134.8%
CFO/OP 208%176%150%37% -75.3%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 18272034 +70.0%
Inventory Days 19511294101 +7.4%
Days Payable 145838159 -27.2%
Cash Conversion Cycle 68563475 +120.6%
Working Capital Days -66-40-98-35 +64.3%
ROCE % 48%40%34%43% +26.5%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 64.31%64.22%64.22%64.19%64.12% -0.1%
FIIs 2.68%6.35%6.91%7.06%8.57% +21.4%
DIIs 2.86%2.82%2.86%4.32%4.09% -5.3%
Public 30.15%26.60%26.01%24.44%23.22% -5.0%
No. of Shareholders 7,67,2676,90,0256,95,6996,83,3017,78,086 +13.9%

⚖️ Peer comparison

Industry: Solar · 5 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 WAAREEENER WAAREE ENERGIES ₹2,501.00 71,942 18.8 30,042 4,003 21.1% 13.3% 83.7% 101.4% 79.2% 15.4%
2 PREMIERENE PREMIER ENERGIES ₹974.20 43,980 26.2 8,466 1,674 30.0% 19.8% 20.0% 61.1% 35.3% 53.3%
3 EMMVEE EMMVEE PHOTOVOLTAIC ₹344.80 23,872 16.5 6,023 1,418 34.7% 23.5% — — 39.4% 60.6%
4 INA Insolation Energy ₹92.06 2,029 10.4 2,525 196 12.0% 7.8% — — 104.6% -11.6%
5 KARAMTARA Karamtara Engineering ₹395.40 — — — — — — — — 72.2% 45.6%
❓ Frequently asked questions
What was Waaree Energies Limited's revenue in Q1 FY27?
Waaree Energies Limited reported revenue of ₹6,222 crore for the quarter ended June 2026 (Q1 FY27), up 84.6% from ₹3,370 crore in the same quarter last year, and down 7.8% sequentially over the March 2026 quarter.
What was Waaree Energies Limited's net profit in Q1 FY27?
Net profit rose 12.0% year-on-year to ₹739 crore, from ₹660 crore. Earnings per share (EPS) came in at ₹25.69.
What is WAAREEENER's market capitalisation and P/E ratio?
At the current price of ₹2,565.40, WAAREEENER has a market capitalisation of ₹73,794 crore and a trailing P/E of about 19.2.
Who owns Waaree Energies Limited? (shareholding pattern)
As of Sep 2026, promoters held 64.12%, foreign institutional investors (FIIs) 8.57%, domestic institutional investors (DIIs) 4.09%, public shareholders 23.22% of Waaree Energies Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI