Waaree Energies Q1 results: Net profit jumps 20% QoQ, EBITDA surges 73%

Solar equipment manufacturer, Waaree Energies reported a healthy performance for the April–June quarter of FY26, with consolidated net profit rising 20.3% sequentially to ₹745 crore, compared to ₹619 crore in Q4FY25.

The company also saw a significant boost in operating performance, aided by improved efficiency and cost control. EBITDA came in at ₹997 crore, up 73.4% quarter-on-quarter from ₹575 crore, signalling a sharp jump in operating leverage.

The EBITDA margin improved to 22.5%, compared to 14.3% in the previous quarter, underscoring improved realisations and internal cost efficiencies.
Revenue for the quarter stood at ₹4,425 crore, up 10.5% from ₹4,004 crore in the preceding quarter.

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Ahead of the strong financial print, Waaree Energies shares ended the day lower, closing at ₹3,097.40 on the NSE, down 3.15%.