Waaree Energies Soars with 75% Profit Surge: A Powerhouse in the Energy Transition

Waaree Energies reported a 75% rise in net profit for the quarter ending March 31, driven by increased revenues in its core business. The company announced plans to raise funds and expand its operations into battery storage, inverters, and green hydrogen, aiming for significant growth in FY27.

Waaree Energies has achieved a remarkable 75% increase in its consolidated net profit, reaching Rs 1,126 crore by the end of the March quarter, as disclosed in a recent exchange filing. This surge was bolstered by a marked uptick in revenues from its primary business operations.

The energy-innovative company reported its total income more than doubling to Rs 8,659.98 crore, compared to Rs 4,140.92 crore in the same quarter of the previous financial year. For the full fiscal year 2026, Waaree's net profit nearly doubled to Rs 3,884.15 crore from the previous year's Rs 1,928.13 crore.

Looking ahead, the company has ambitious plans which include raising up to Rs 10,000 crore through Qualified Institutional Placement or other permissible modes. With expansions in battery energy storage, inverters, transformers, and more, Waaree is positioning itself as a non-Chinese leader in energy transitions, underpinned by strategic investments and project expansions worldwide.