Waaree Energies shares in focus after Q1 profit surges 89% YoY to Rs 745 crore
ADVERTISEMENT Revenue from operations stood at Rs 4,426 crore, up 30% from Rs 3,408 crore reported in the corresponding quarter of the previous financial year.
On a sequential basis, profit grew 20% from Rs 619 crore in the March quarter, while revenue rose nearly 11% from Rs 4,004 crore.
Waaree Energies operates across three verticals: solar photovoltaic (PV) modules, engineering-procurement-construction (EPC), and power generation.
- Solar PV Modules: Revenue rose to Rs 3,872 crore in Q1 FY26, up from Rs 3,617 crore in Q4 FY25 and Rs 3,178 crore in Q1 FY25. - EPC Segment: Revenue came in at Rs 589 crore, compared to Rs 465 crore in Q4 FY25 and Rs 226 crore a year earlier.
ADVERTISEMENT - Power Generation: Revenue remained flat YoY at Rs 11 crore, versus Rs 8 crore in the previous quarter.Total expenses for the quarter stood at Rs 3,654 crore, compared to Rs 3,291 crore in Q4 and Rs 2,966 crore in Q1 FY25. These include costs related to raw materials, stock-in-trade, and employee benefits.
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According to Trendlyne, the average target price for Waaree Energies is Rs 2,607, implying a downside of about 16% from current levels. Among the four analysts tracking the stock, the consensus recommendation is 'Sell'.While the stock is up over 9% in 2025 so far, it has delivered a strong 49% return over the past six months. The company currently commands a market capitalisation of around Rs 89,368 crore.
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