PAT Rs 1,126 Crore | Waaree Energies Q4 FY26 Results

Waaree Energies announced its Q4 FY26 financial results on April 29, 2026, posting PAT of Rs 1,126 crore, a 75 percent year-on-year increase, as the Solar Module Manufacturing company delivered its January to March 2026 quarter earnings. Waaree Energies Q4 FY26 results are closely tracked by investors as a key indicator of the company’s performance trajectory. This article covers the Waaree Energies Q4 FY26 financial highlights, performance analysis, full year FY26 summary, management outlook, and frequently asked questions on Waaree Energies Q4 results.

Waaree Energies Q4 FY26 Financial Highlights

Waaree Energies reported Q4 FY26 consolidated net profit of Rs 1,126 crore, a 75 percent year-on-year jump from Rs 644.47 crore in Q4 FY25. Total income more than doubled to Rs 8,659.98 crore from Rs 4,140.92 crore in Q4 FY25. For FY26, PAT was Rs 3,884.15 crore (up 101.45 percent) on revenue of Rs 26,537 crore (up 83.72 percent). Operating EBITDA grew 117 percent to Rs 5,909 crore. The board recommended a dividend of Rs 2 per share and approved a QIP of up to Rs 10,000 crore. The board recommended a dividend of Rs 2 per share for FY26.

Metric	Q4 FY26	Q4 FY25	YoY Change
Revenue / Total Income	Rs 8,659.98 crore total income	Refer NSE/BSE filing	Grew 111.8 percent YoY
PAT	Rs 1,126 crore	Refer NSE/BSE filing	Higher 75 percent YoY
Full Year FY26 PAT	Rs 3,884.15 crore (up 101.45 percent YoY)	Refer filing	As reported
Dividend (FY26)	Rs 2 per share	Refer filing	FY26 final

Also Read: Bhansali Engineering Polymers Q4 FY26 Results

Waaree Energies Q4 FY26 Performance Analysis

Waaree Energies Q4 FY26 revenue doubling reflects the company’s position as India’s largest solar module manufacturer with 26 GW capacity. The order book stands at approximately Rs 53,000 crore. Waaree Energies Q4 FY26 PAT growth of 75 percent was driven by high capacity utilisation, ALMM-compliant module exports, and operating leverage.

Waaree Energies Q4 FY26 US manufacturing facility in Brookings, South Dakota adds geographic revenue diversification. Operating EBITDA guidance for FY27 stands at Rs 7,000 to 7,700 crore. The Rs 3,900 crore investment in PV glass manufacturing and expansion into BESS, inverters, and green hydrogen positions Waaree as an integrated energy transition company.

Waaree Energies Full Year FY26 Business Summary

FY26 was a landmark year for Waaree Energies with annual revenue of Rs 26,537 crore (up 83.72 percent), EBITDA of Rs 5,909 crore (up 117 percent), and PAT of Rs 3,884.15 crore (up 101.45 percent). The company solidified its position as the largest non-Chinese solar module manufacturer globally with a 100 GW-plus pipeline.

Waaree Energies Q4 FY26 Outlook and FY27 Priorities

Waaree Energies FY27 EBITDA guidance of Rs 7,000 to 7,700 crore reflects confidence in continued order execution and margin expansion. Key growth drivers include expanding US manufacturing, scaling BESS and inverter businesses, and deepening value chain integration from glass to modules.

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Conclusion

The Waaree Energies Q4 FY26 results provide investors with the company’s January to March 2026 performance data. Waaree Energies Q4 FY26 PAT of Rs 1,126 crore reflects the operational performance in the Solar Module Manufacturing sector. Investors tracking Waaree Energies Q4 results should review the complete audited financials on NSE and BSE exchange filings before making any investment decision. Waaree Energies Q4 FY26 is an important milestone in the company’s annual earnings calendar.

This article on Waaree Energies Q4 FY26 results is for informational and educational purposes only. It is not investment advice. Please consult a SEBI registered investment advisor before making any investment decision. Past performance is not indicative of future results.

Frequently Asked Questions on Waaree Energies Q4 FY26 Results

What were the Waaree Energies Q4 FY26 results?

Waaree Energies Q4 FY26 results were announced on April 29, 2026. The company reported PAT of Rs 1,126 crore for the January to March 2026 quarter. Waaree Energies Q4 FY26 details are in the official NSE and BSE exchange filings.

What was Waaree Energies Q4 FY26 PAT?

Waaree Energies Q4 FY26 PAT was Rs 1,126 crore, higher 75 percent YoY. The Waaree Energies Q4 FY26 results were announced on April 29, 2026, at the board of directors meeting to approve audited financials.

What was Waaree Energies Q4 FY26 revenue?

Waaree Energies Q4 FY26 revenue was Rs 8,659.98 crore total income. Investors should refer to the NSE and BSE exchange filing for the full audited Waaree Energies Q4 FY26 revenue breakdown and segmental performance data.

Did Waaree Energies declare a dividend after Q4 FY26 results?

Yes, Waaree Energies declared a dividend of Rs 2 per share as part of the Q4 FY26 results announcement, subject to shareholder approval at the AGM.

What is the outlook for Waaree Energies after Q4 FY26?

Waaree Energies FY27 EBITDA guidance of Rs 7,000 to 7,700 crore reflects confidence in continued order execution and margin expansion. Key growth drivers include expanding US manufacturing, scaling BESS and inverter businesses, and deepening value ch… Investors should monitor management commentary and quarterly filings for updated guidance on Waaree Energies Q4 FY26 performance sustainability into FY27.

How did Waaree Energies Q4 FY26 compare year on year?

Waaree Energies Q4 FY26 PAT of Rs 1,126 crore was higher 75 percent YoY. The year-on-year comparison for Waaree Energies Q4 FY26 versus Q4 FY25 is available in the official audited NSE and BSE exchange filings.

What sector does Waaree Energies operate in?

Waaree Energies operates in the Solar Module Manufacturing sector in India and is listed on NSE and BSE. Waaree Energies Q4 FY26 results reflect the broader Solar Module Manufacturing sector trends for the January to March 2026 quarter. Contextualising Waaree Energies Q4 performance within industry dynamics requires reviewing sector-level data alongside management commentary.

Is Waaree Energies a good investment after Q4 FY26 results?

Whether Waaree Energies is a good investment after the Waaree Energies Q4 FY26 results depends on your individual financial goals, risk tolerance, and investment horizon. Waaree Energies Q4 FY26 results provide one data point on the company’s trajectory. Always consult a SEBI registered financial advisor before making any investment decision.

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