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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
520 announcements match the current filters (relevance ≥ 5).
Thyrocare Q3 FY26 Net Profit Rises 37% YoY to ₹26.15 Cr; Revenue Up 20%
Thyrocare Technologies reported a strong performance for the quarter ended December 31, 2025, with revenue from operations growing 19.6% YoY to ₹182.48 crore. Net profit increased by 36.9% YoY to ₹26.15 crore, even after accounting for an exceptional charge of ₹5.97 crore related to new labor code compliance and capital restructuring. The company successfully executed a 2:1 bonus issue during the quarter, which resulted in the allotment of over 10.61 crore new shares. For the nine-month period, the company has shown robust growth with a net profit of ₹105.23 crore compared to ₹73.96 crore in the previous year.
Key Highlights
Revenue from operations increased 19.6% YoY to ₹182.48 crore from ₹152.55 crore.
Net Profit grew 36.9% YoY to ₹26.15 crore; 9M FY26 profit stands at ₹105.23 crore.
Exceptional item of ₹5.97 crore includes ₹4.01 crore for gratuity adjustments under New Labour Codes.
Successfully completed a 2:1 bonus share allotment on December 1, 2025, increasing paid-up capital to ₹159.16 crore.
Restated Basic EPS for the quarter stands at ₹1.64 compared to ₹1.18 in the year-ago period.
👀 What to Watch
Investors should take note of the strong double-digit growth in both revenue and profitability, indicating improved operational efficiency. The completion of the bonus issue and the one-time nature of the labor code impact suggest a clean slate for future earnings growth.
Share India Q3 FY26: PAT up 8% YoY to ₹88.8 Cr, EBITDA Margins Expand to 42%
Share India Securities reported a consolidated revenue of INR 3,720 Mn for Q3 FY26, marking an 8.7% YoY growth. EBITDA grew significantly by 18.9% YoY to INR 1,561 Mn, with margins expanding by 362 bps to 41.96%. However, for the nine-month period (9M FY26), revenue and PAT saw declines of 12.8% and 13.9% respectively compared to the previous year. The company declared a third interim dividend of INR 0.40 per share and is diversifying into AIF, PMS, and fixed-income platforms.
Key Highlights
Q3 FY26 Revenue increased 8.7% YoY to ₹372 Cr, while Net Profit rose 8% to ₹88.8 Cr
EBITDA margins improved significantly to 41.96% in Q3 FY26 from 38.34% in Q3 FY25
Margin Trading Facility (MTF) AUM grew to ₹457 Cr, supporting higher client engagement
NBFC segment reported a loan book of ₹247 Cr with a Net Interest Margin (NIM) of 4.63%
Declared a 3rd interim dividend of ₹0.40 per share, bringing total FY26 dividend to ₹1.10
👀 What to Watch
Investors should monitor the successful scaling of new business lines like AIF and PMS which could drive future growth. The strong recovery in Q3 margins is a positive sign despite the overall 9M slowdown.
Share India Q3 FY26 Net Profit Up 8% to ₹88.8 Cr; Declares ₹0.40 Interim Dividend
Share India Securities reported a steady Q3 FY26 with consolidated revenue growing 8.7% YoY to ₹372 crore and net profit increasing 8% to ₹88.8 crore. Despite a decline in 9M FY26 performance where revenue fell 12.8%, the company maintained strong EBITDA margins of 42% in the third quarter. The board declared a third interim dividend of ₹0.40 per share, reflecting consistent shareholder returns. Strategic expansions into AIF, PMS, and fixed-income platforms through new subsidiaries signal a shift towards a more diversified financial services model.
Key Highlights
Q3 FY26 Revenue grew 8.7% YoY to ₹3,720 Mn with EBITDA margins at 42%
Net Profit for the quarter stood at ₹888 Mn, up 8% compared to the previous year
Board declared a 3rd interim dividend of ₹0.40 per share on a face value of ₹2
NBFC loan book reached ₹2,470 Mn with strong Net Interest Margins (NIM) of 4.63%
Strategic expansion into AIF and PMS via new subsidiary 'Share India Wealth Multiplier Solutions'
👀 What to Watch
Investors should monitor the recovery in Q3 performance relative to the 9M figures and the company's aggressive diversification into high-yield segments like PMS and AIF. The stock remains a growth play in the fintech brokerage space with a consistent dividend track record.
Share India Declares 3rd Interim Dividend of ₹0.40; Sets Record Date for Feb 02, 2026
Share India Securities has declared its third interim dividend of ₹0.40 per equity share (20% of face value) for the financial year 2025-26. The company has fixed February 02, 2026, as the record date to determine eligible shareholders, with payments expected by February 26. Alongside the dividend, the board approved the Q3 FY26 financial results and the appointment of Mr. Arun Kumar Jain as an Independent Director. The board also reviewed the utilization of proceeds from Non-Convertible Debentures issued in December 2025.
Key Highlights
Declared 3rd interim dividend of ₹0.40 per equity share of face value ₹2 each
Fixed February 02, 2026, as the Record Date for dividend eligibility
Dividend payment to be completed on or before February 26, 2026
Approved un-audited standalone and consolidated financial results for Q3 and 9M ended Dec 31, 2025
Proposed appointment of Mr. Arun Kumar Jain as Non-Executive Independent Director pending regulatory approvals
👀 What to Watch
Investors interested in the dividend should ensure they hold the stock before the ex-dividend date, typically one business day prior to the February 02 record date. Long-term investors should also review the full Q3 financial results to evaluate the company's operational performance.
Share India Q3 FY26 Standalone PAT Rises to ₹80.66 Cr; Declares ₹0.40 Dividend
Share India Securities reported a strong performance for Q3 FY26, with standalone Profit After Tax (PAT) rising to ₹80.66 crore from ₹73.35 crore in the previous quarter. The company declared its third interim dividend of ₹0.40 per share, maintaining its track record of regular payouts. Strategic expansion is underway with the incorporation of new subsidiaries for fixed-income distribution and AIF/PMS services. Furthermore, the company is advancing its capital-raising plans, including a USD 50 million FCCB issue and recent NCD allotments totaling ₹35 crore.
Key Highlights
Standalone Profit After Tax (PAT) grew to ₹80.66 crore in Q3 FY26, up from ₹73.35 crore in Q2 FY26.
Declared a 3rd interim dividend of ₹0.40 per equity share (20% on face value of ₹2).
Shareholders approved a significant fundraise of up to USD 50 million via Foreign Currency Convertible Bonds (FCCBs).
Incorporated Share India Cred Capital and Share India Wealth Multiplier to expand into fixed-income and AIF/PMS segments.
Standalone Revenue from Operations increased to ₹157.10 crore for the quarter ended December 31, 2025.
👀 What to Watch
The consistent growth in profitability and regular dividend payouts make this a positive update for long-term investors. Monitor the successful deployment of FCCB funds into the new high-margin AIF and wealth management verticals.
Share India Securities Declares 3rd Interim Dividend of ₹0.40 Per Share
Share India Securities has declared its third interim dividend of ₹0.40 per equity share for the financial year 2025-26, based on a face value of ₹2 each. The company has fixed February 02, 2026, as the record date for determining shareholder eligibility. Alongside the dividend, the board approved the un-audited financial results for the quarter ended December 31, 2025. Furthermore, the company announced the appointment of Mr. Arun Kumar Jain as an Additional Independent Director, pending regulatory approvals.
Key Highlights
Declared 3rd interim dividend of ₹0.40 per equity share (20% of face value ₹2)
Record date for dividend eligibility is set for February 02, 2026
Dividend payment to be completed on or before February 26, 2026
Approved un-audited standalone and consolidated financial results for Q3 FY26
Appointed Mr. Arun Kumar Jain as Additional Non-Executive Independent Director
👀 What to Watch
Investors seeking dividend income should ensure they hold the shares before the record date of February 02, 2026. Additionally, review the Q3 FY26 financial results to assess the company's operational performance and growth trajectory.
Share India Q3 FY26 PAT Rises 35% YoY to ₹80.66 Cr; Declares ₹0.40 Interim Dividend
Share India Securities reported a strong performance for Q3 FY26, with standalone net profit rising 34.8% year-on-year to ₹80.66 crore. Total revenue from operations saw a significant jump of 42.7% YoY, reaching ₹357.01 crore. The board has declared a third interim dividend of ₹0.40 per share, continuing its trend of regular payouts. Furthermore, the company is actively diversifying its business through new subsidiaries in fixed-income distribution and AIF/PMS services, backed by a planned USD 50 million FCCB fundraise.
Key Highlights
Standalone Net Profit increased to ₹80.66 crore in Q3 FY26 from ₹59.82 crore in Q3 FY25.
Total Revenue from Operations grew 42.7% year-on-year to ₹357.01 crore.
Declared a 3rd interim dividend of ₹0.40 per equity share (20% of face value ₹2).
Allotted 3,500 Non-Convertible Debentures (NCDs) worth ₹35 crore and secured approval for USD 50 million FCCB issue.
Incorporated new subsidiaries for fixed-income distribution and AIF/PMS business to diversify revenue streams.
👀 What to Watch
Investors should view the strong earnings growth and diversification into AIF and PMS segments as positive long-term drivers. The successful fundraise via FCCBs and NCDs provides necessary capital for these expansion plans.
Waaree Renewable Credit Rating Upgraded to CARE A+; Bank Facilities Enhanced to ₹2,227 Crore
CARE Ratings has upgraded the credit ratings for Waaree Renewable Technologies Limited across its bank facilities. The long-term rating has been raised to 'CARE A+; Stable' from 'CARE A; Stable', while the short-term rating moved to 'CARE A1+' from 'CARE A1'. Furthermore, the company's total rated bank facilities have been significantly enhanced to ₹2,227.37 crore from approximately ₹1,423 crore, reflecting improved financial performance and higher credit requirements for project execution.
Key Highlights
Long-term bank facility rating upgraded to CARE A+ (Stable) from CARE A (Stable)
Short-term bank facility rating upgraded to CARE A1+ from CARE A1
Total bank facility limits enhanced to ₹2,227.37 crore, including a ₹2,200 crore LT/ST limit
Upgrade is based on strong operational and financial performance for FY25 and 9MFY26
Major credit limits assigned to ICICI Bank (₹400 cr), IDFC First (₹300 cr), and Yes Bank (₹300 cr)
👀 What to Watch
The rating upgrade and limit enhancement indicate a strengthening balance sheet and improved ability to secure funding for large-scale solar projects. Investors should view this as a positive indicator of reduced credit risk and potential for lower borrowing costs in the future.
Waaree Energies Credit Rating Upgraded to 'CARE AA-; Stable' for ₹9,454 Cr Bank Facilities
CARE Ratings has upgraded Waaree Energies' long-term credit rating from 'CARE A+' to 'CARE AA-' with a stable outlook, reflecting improved operational and financial performance. The upgrade applies to total bank facilities of ₹9,454 crore, which includes a significant enhancement from the previous ₹5,554 crore. The short-term rating has been reaffirmed at the highest level of 'CARE A1+'. This revision is based on the company's audited performance for FY25 and unaudited results for the first nine months of FY26.
Key Highlights
Long-term bank facilities rating upgraded to 'CARE AA-; Stable' from 'CARE A+; Stable'
Short-term rating reaffirmed at 'CARE A1+', indicating the highest degree of safety
Total rated bank facilities enhanced to ₹9,454 crore from the previous ₹5,554 crore
Upgrade driven by strong operational and financial performance in FY25 and 9MFY26
Major credit facilities include ₹1,922.98 crore in long-term loans and ₹7,531.02 crore in mixed facilities
👀 What to Watch
The credit rating upgrade is a positive signal of the company's strengthening balance sheet and may lead to lower borrowing costs in the future. Investors should monitor if this improved credit profile translates into better net margins through reduced finance costs.
Waaree Renewable to Acquire 55% Stake in Associated Power Structures for INR 1,225 Crores
Waaree Renewable Technologies Limited (WRTL) has signed a binding term sheet to acquire a 55% majority stake in Associated Power Structures Limited (ASPL) for approximately INR 1,225 crores. ASPL is a power transmission and distribution infrastructure company that has shown explosive growth, with its turnover nearly doubling from INR 619.76 crore in FY24 to INR 1,216.91 crore in FY25. This strategic move allows WRTL to vertically integrate its renewable energy offerings with power distribution capabilities. The acquisition is a cash deal expected to be completed by April 30, 2026.
Key Highlights
Acquisition of ~55% stake in ASPL for a total consideration of INR ~1,225 crores via primary and secondary routes.
ASPL turnover grew significantly from INR 416.80 crore in FY23 to INR 1,216.91 crore in FY25.
Target company ASPL reported a net worth of INR 339.53 crore and total assets of INR 834.15 crore as of March 31, 2025.
The deal expands WRTL's presence into the Power Transmission and Distribution (T&D) infrastructure sector.
The acquisition is expected to be finalized by April 30, 2026, making ASPL a subsidiary of WRTL.
👀 What to Watch
Investors should view this as a significant expansion move that diversifies Waaree's portfolio into the critical T&D segment. Monitor the company's funding plan for the INR 1,225 crore cash consideration and the subsequent margin profile post-integration.
Waaree Renewable to Acquire 55% Stake in Associated Power Structures for INR 1,225 Crores
Waaree Renewable Technologies Limited has entered into a binding term sheet to acquire a 55% majority stake in Associated Power Structures Limited (ASPL) for approximately INR 1,225 crores. ASPL is a specialist in power transmission and distribution, showing explosive growth with its turnover rising from INR 416.80 crores in FY23 to INR 1,216.91 crores in FY25. This acquisition is a strategic move to integrate power infrastructure capabilities with Waaree's existing renewable energy business. The deal is expected to be completed by April 30, 2026, through a cash consideration involving both primary and secondary transactions.
Key Highlights
Acquisition of ~55% stake in ASPL for a total consideration of approximately INR 1,225 crores.
ASPL reported a turnover of INR 1,216.91 crores for FY25, nearly tripling its FY23 revenue of INR 416.80 crores.
Target company ASPL has a net worth of INR 339.53 crores and total assets of INR 834.15 crores as of March 31, 2025.
The acquisition is expected to be finalized by April 30, 2026, making ASPL a subsidiary of the company.
Strategic expansion into the power transmission and distribution sector to provide integrated clean energy solutions.
👀 What to Watch
Investors should look favorably on this acquisition as it adds a high-growth vertical that complements the core renewable business. Monitor the funding mix for the INR 1,225 crore payout and the subsequent integration of ASPL's margins into Waaree's consolidated books.
Waaree Renewable to Acquire 55% Stake in Associated Power Structures for INR 1,225 Cr
Waaree Renewable Technologies Limited (WRTL) has entered into a binding term sheet to acquire a 55% majority stake in Associated Power Structures Limited (ASPL) for approximately INR 1,225 crores. ASPL is a key player in the power transmission and distribution sector, reporting a robust turnover of INR 1,216.91 crores in FY 2024-25. This acquisition is a strategic move to integrate clean energy solutions and expand WRTL's presence across the energy infrastructure ecosystem. The transaction is expected to be completed by April 30, 2026, making ASPL a subsidiary of the company.
Key Highlights
Acquisition of ~55% stake in Associated Power Structures Limited for a total consideration of ~INR 1,225 crores.
Target company ASPL demonstrated massive growth with turnover rising from INR 416.80 Cr in FY23 to INR 1,216.91 Cr in FY25.
ASPL holds a net worth of INR 339.53 crores and total assets of INR 834.15 crores as of March 31, 2025.
The deal involves a mix of primary and secondary share purchases and is scheduled for completion by April 30, 2026.
The acquisition aligns with WRTL's long-term vision of providing integrated clean energy and energy efficiency solutions.
👀 What to Watch
Investors should view this as a significant growth milestone that diversifies Waaree's revenue streams into power transmission; monitor the funding structure of the INR 1,225 crore deal.
Waaree Renewable to Acquire 55% Stake in Associated Power Structures for INR 1,225 Crores
Waaree Renewable Technologies (WAAREERTL) has approved the acquisition of a 55% majority stake in Associated Power Structures Limited (ASPL) for approximately INR 1,225 crores. ASPL is a power transmission and distribution infrastructure company that reported a turnover of INR 1,216.91 crores in FY25, showing rapid growth from INR 416.80 crores in FY23. The acquisition is a strategic move to expand WAAREERTL's capabilities in the clean energy ecosystem and integrated infrastructure. The transaction is expected to be completed by April 30, 2026, making ASPL a subsidiary of the company.
Key Highlights
Acquisition of ~55% stake in Associated Power Structures Limited for a total consideration of INR ~1,225 crores.
Target company ASPL reported FY25 turnover of INR 1,216.91 crores and a net worth of INR 339.53 crores.
ASPL has shown significant growth with turnover rising from INR 416.80 crores in FY23 to over INR 1,216 crores in FY25.
The acquisition is expected to be completed by April 30, 2026, through cash consideration.
Strategic expansion into power transmission and distribution to complement existing renewable energy business.
👀 What to Watch
Investors should view this as a significant growth milestone that diversifies the company's revenue streams into power infrastructure. Monitor the impact on consolidated margins and the successful integration of ASPL by the April 2026 deadline.
Waaree Renewable Q3 FY26 PAT Jumps 125% to ₹120 Cr; Order Book Strong at 2.92 GW
Waaree Renewable Technologies delivered a robust Q3 FY26 performance with revenue surging 136% YoY to ₹851.06 crore and PAT rising 125% to ₹120.19 crore. The company maintained healthy EBITDA margins of 18.66% for the quarter, supported by the execution of 2,230 MWp in the first nine months of the fiscal year. With an unexecuted order book of 2.92 GWp and a massive bid pipeline of 29 GW, the company demonstrates high revenue visibility. Management is also diversifying into Battery Energy Storage Systems (BESS) and expanding its O&M portfolio, which currently stands at 1,180 MWp.
Key Highlights
Q3 FY26 Revenue grew 136.18% YoY to ₹851.06 crores, while PAT increased 124.74% to ₹120.19 crores.
Unexecuted order book stands at 2.92 GWp as of December 2025, ensuring strong short-to-medium term visibility.
9M FY26 EBITDA margins improved to 19.48% from 16.48% in the previous year, reflecting operational leverage.
The company is actively pursuing a 29 GW project pipeline, including 5-6 GW of active tenders.
O&M portfolio reached 1,180 MWp, providing a growing stream of recurring revenue alongside EPC activities.
👀 What to Watch
Investors should focus on the company's ability to convert its massive 29 GW pipeline into firm orders and maintain execution efficiency. The stock remains a key beneficiary of India's utility-scale solar expansion and the emerging BESS market.
Hindware Home Innovation: NCLT Reschedules Scheme Meetings to March 7, 2026
Hindware Home Innovation Limited has received a corrigendum order from the NCLT Kolkata regarding its proposed composite scheme of arrangement. The order reschedules the meetings for equity shareholders and unsecured creditors from the previously stated January 18, 2026, to March 7, 2026. The restructuring involves demerging the consumer product business into HHIL Limited and the remaining business into Hindware Limited, with an appointed date of April 1, 2025. This procedural update confirms the revised timeline for the legal approval process of the corporate split.
Key Highlights
NCLT Kolkata rescheduled meetings for Equity Shareholders and Unsecured Creditors to March 7, 2026.
The scheme involves demerging the consumer product business into HHIL Limited and other businesses into Hindware Limited.
The appointed date for the proposed Scheme of Arrangement is set as April 1, 2025.
The demerged company (HINDWAREAP) has 43,059 equity shareholders and 2,133 unsecured creditors involved in the process.
Valuation and fairness opinions were completed by Ernst & Young and Corporate Professionals Capital in March 2025.
👀 What to Watch
Investors should mark March 7, 2026, as the key date for the shareholder vote on the demerger. Monitor the progress of this restructuring as it is intended to unlock value by separating the consumer products business.
TTK Healthcare Q3 Net Profit Drops 37% to ₹10.53 Cr; Impacted by ₹7.58 Cr Exceptional Item
TTK Healthcare reported a 37% year-on-year decline in net profit for Q3 FY26, falling to ₹10.53 crore from ₹16.73 crore. While revenue remained relatively flat at ₹209.30 crore, the bottom line was severely impacted by a one-time exceptional charge of ₹7.58 crore related to the implementation of new Labour Codes. Segment-wise, the Consumer Products and Medical Devices divisions saw margin pressure, while the Protective Devices division continued to report losses. On a positive note, the Foods and Animal Welfare segments showed improved profitability during the quarter.
Key Highlights
Revenue from operations grew marginally by 2.2% YoY to ₹209.30 crore compared to ₹204.74 crore.
Net profit declined 37% YoY to ₹10.53 crore, primarily due to a ₹7.58 crore exceptional charge for labour code adjustments.
Consumer Products segment profit fell sharply to ₹2.25 crore from ₹6.45 crore in the previous year's quarter.
Protective Devices segment recorded a loss of ₹1.10 crore, widening from a loss of ₹0.31 crore YoY.
The company reconstituted its board committees following the retirement of Independent Director Mr. N Ramesh Rajan.
👀 What to Watch
Investors should monitor the recovery in the Consumer Products segment and the narrowing of losses in the Protective Devices division. While the profit dip is largely due to a non-recurring regulatory charge, the underlying operational weakness in core segments warrants a cautious approach.
TTK Healthcare Q3 Net Profit Drops 37% to ₹10.53 Cr; Impacted by ₹7.58 Cr Exceptional Item
TTK Healthcare reported a 37% year-on-year decline in net profit for Q3 FY26, falling to ₹10.53 crore from ₹16.73 crore. The bottom line was significantly impacted by a one-time exceptional charge of ₹7.58 crore related to the implementation of new Labour Codes affecting gratuity and leave provisions. While revenue from operations remained relatively flat at ₹209.30 crore, the Protective Devices segment continued to struggle, reporting a loss of ₹1.10 crore. Conversely, the Animal Welfare and Medical Devices segments showed healthy revenue growth during the quarter.
Key Highlights
Net Profit for Q3 FY26 fell 37% YoY to ₹1,053.26 lakhs compared to ₹1,673.24 lakhs in the previous year.
Revenue from operations grew marginally by 2.2% YoY to ₹20,929.89 lakhs.
Recognized a net exceptional charge of ₹757.87 lakhs due to the incremental impact of new Labour Codes on employee benefits.
Protective Devices segment reported a loss of ₹110.23 lakhs, continuing a trend of underperformance.
Animal Welfare and Medical Devices segments saw revenue growth of 15.5% and 19.1% YoY respectively.
👀 What to Watch
Investors should monitor the recovery in the Protective Devices segment and the stabilization of margins following the one-time labour code adjustments. The stock may face short-term pressure due to the sharp decline in quarterly profitability.
TTK Healthcare Q3 Net Profit Falls 37% to ₹10.53 Cr Due to ₹7.58 Cr Exceptional Labour Code Charge
TTK Healthcare reported a marginal 2.2% YoY growth in revenue from operations to ₹209.30 crore for Q3 FY26. However, Net Profit declined significantly by 37% YoY to ₹10.53 crore, primarily impacted by a one-time exceptional charge of ₹7.58 crore related to the implementation of new Labour Codes. While the Foods and Animal Welfare segments showed improved profitability, the core Consumer Products and Medical Devices divisions faced margin pressure, and the Protective Devices segment continued to report losses.
Key Highlights
Revenue from operations grew slightly to ₹209.30 crore in Q3 FY26 from ₹204.74 crore in Q3 FY25.
Net Profit dropped 37% YoY to ₹10.53 crore, down from ₹16.73 crore in the same quarter last year.
Recognized a net exceptional charge of ₹757.87 lakhs for incremental Gratuity and Long-term Compensated Absences following new Labour Code notifications.
Consumer Products segment profit slumped to ₹2.25 crore from ₹6.45 crore YoY, indicating significant margin pressure.
Foods segment performed strongly with profit rising to ₹3.40 crore compared to ₹1.43 crore in the previous year's quarter.
👀 What to Watch
The profit decline is largely attributed to a non-recurring regulatory accounting charge; however, the sharp drop in Consumer Products margins is a fundamental concern. Investors should monitor if the growth in the Foods segment can offset the volatility in the Protective and Consumer product divisions.
Waaree Energies Q3 FY26: Revenue & PAT grow 118% YoY; Order Book reaches ₹60,000 Cr
Waaree Energies delivered record performance in Q3 FY26, with revenue jumping 118.8% YoY to ₹7,565 Cr and PAT rising 118.4% YoY to ₹1,106 Cr. The company boasts a massive order book of ~₹60,000 Cr and an order pipeline exceeding 100 GW. It is aggressively expanding into a fully integrated energy player with a planned capex of ₹25,000+ Cr across solar cells, wafers, BESS, and green hydrogen. Profitability remains strong with an Operating EBITDA margin of 25.5% and a healthy ROCE of 40%.
Key Highlights
Revenue from operations grew 118.8% YoY to ₹7,565 Cr; PAT grew 118.4% YoY to ₹1,106 Cr.
Order book stands at ~₹60,000 Cr with a massive 100+ GW pipeline.
Operating EBITDA margin expanded to 25.5% (₹1,928 Cr), up 167.2% YoY.
Planned total capex of ₹25,000+ Cr, including ₹10,000 Cr for a 20 GWh BESS facility.
Commissioned 5.1 GW of new module capacity and 3.05 GW of inverter capacity during the period.
👀 What to Watch
Waaree is a dominant leader in the Indian solar space with strong financials and a clear roadmap for backward integration. Investors should maintain a positive outlook while tracking the timely commissioning of the 10 GW ingot-wafer and cell capacities.
Waaree Energies Q3 FY26 PAT Surges 118% YoY to ₹1,107 Cr; Orderbook Hits ₹60,000 Cr
Waaree Energies reported a stellar Q3 FY26 with revenue growing 119% YoY to ₹7,565 crore and EBITDA margins expanding significantly to 25.5%. The company's order book remains robust at approximately ₹60,000 crore, providing strong revenue visibility for the coming years. During the quarter, the company commissioned 5.1 GW of additional module capacity and raised ₹1,003 crore for its upcoming 20 GWh battery manufacturing project. Strategic investments in Oman for polysilicon supply further strengthen its global supply chain resilience.
Key Highlights
Revenue from operations grew 118.8% YoY to ₹7,565.05 crore in Q3 FY26.
EBITDA increased by 167.2% YoY to ₹1,928.15 crore with margins improving to 25.49%.
Orderbook stands at a record ~₹60,000 crore, ensuring long-term growth visibility.
Successfully commissioned 5.1 GW of additional module capacity and 3.05 GW of inverter capacity in Gujarat.
Raised ₹1,003 crore for a 20 GWh lithium-ion cell and battery pack manufacturing facility.
👀 What to Watch
The company demonstrates exceptional growth and margin expansion, backed by a massive order book and strategic backward integration. Investors should maintain a positive outlook while monitoring the execution of the new 20 GWh battery project and global expansion plans.
