WAAREEENER quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Waaree Energies Ltd reported sales of ₹7,518 Cr, operating profit of ₹1,335 Cr (OPM 18%) and net profit of ₹754 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
WAAREEENER quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
3,457
4,004
4,426
6,066
7,565
8,480
7,932
7,518
Expenses
2,736
3,081
3,429
4,659
5,637
6,904
6,492
6,183
Operating Profit
722
923
997
1,406
1,928
1,577
1,440
1,335
OPM
21%
23%
23%
23%
25%
19%
18%
18%
Other Income
88
133
171
161
-99
180
171
147
Interest
31
57
43
96
93
48
70
105
Depreciation
89
153
182
240
267
301
330
347
Profit before tax
690
845
943
1,231
1,469
1,408
1,210
1,030
Tax
27%
24%
18%
29%
25%
20%
26%
27%
Net Profit
507
644
773
878
1,107
1,126
892
754
EPS in Rs
17.15
21.54
25.94
29.29
36.94
36.89
29.56
24.98
WAAREEENER profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
2,854
6,751
11,398
14,444
26,537
31,495
Expenses
2,748
5,915
9,823
11,723
20,628
25,215
Operating Profit
106
836
1,574
2,722
5,909
6,280
OPM
3.7%
12%
14%
19%
22%
20%
Other Income
97
88
576
398
413
399
Interest
41
82
140
152
280
317
Depreciation
43
164
277
402
990
1,245
Profit before tax
118
677
1,734
2,565
5,052
5,117
Tax
33%
26%
27%
25%
23%
-
Net Profit
80
500
1,274
1,928
3,884
3,879
EPS in Rs
3.84
24.49
62.76
65
129.02
128.37
Dividend Payout
0%
0%
0%
0%
3%
-
WAAREEENER balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
263
287
288
288
288
Reserves
3,825
9,192
11,198
14,150
15,732
Borrowings
553
1,199
2,941
3,213
5,293
Other Liabilities
6,635
8,766
10,199
12,335
16,518
Total Liabilities
11,277
19,444
24,625
29,985
37,830
Fixed Assets
1,450
4,026
6,181
7,328
9,474
CWIP
1,341
1,884
1,894
3,477
7,578
Investments
71
65
254
953
2,177
Other Assets
8,414
13,469
16,296
18,227
18,601
Total Assets
11,277
19,444
24,625
29,985
37,830
WAAREEENER cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
698
1,560
2,305
3,158
1,627
Cash from Investing Activity
-673
-2,088
-3,346
-6,806
-3,936
Cash from Financing Activity
101
642
909
4,036
2,573
Net Cash Flow
126
114
-132
388
264
Free Cash Flow
202
698
968
-114
-3,209
CFO/OP
683%
199%
168%
143%
47%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit