Waaree Energies FY26: ₹3,884 cr profit, ₹2 dividend

Board clears audited FY26 results

Waaree Energies Ltd. announced its audited financial results for the quarter and financial year ended March 31, 2026, following a board meeting held on April 29, 2026. The company said it approved audited standalone and consolidated financial statements. The disclosures were made under Regulation 30 of the SEBI (LODR) framework through filings on the BSE. Alongside the results, the board also took decisions on shareholder returns and corporate actions. The update is part of the company’s scheduled results cycle for FY26.

FY26 consolidated performance: revenue and profit

For FY26, Waaree Energies reported consolidated revenue of ₹26,536.77 crore. The company reported a consolidated net profit of ₹3,884.15 crore for the year ended March 31, 2026. The announcement followed the board’s approval of audited numbers. The company’s disclosure positioned FY26 as a record year in terms of profit, as described in the shared note. The results provide the latest audited snapshot of scale and profitability for one of India’s large solar manufacturing players.

Clean audit report on FY26 numbers

Waaree Energies said the auditors issued a clean audit report on the company’s financial results for the year ended March 31, 2026. The filing noted that the audit report did not carry adverse remarks on the reported financial statements. Such audit outcomes matter for institutional investors because they confirm that reported numbers have been examined and signed off under standard audit processes. The company disclosed this point as part of its results communication.

Final dividend recommendation: ₹2 per share

The board recommended a final dividend of ₹2 per equity share of face value ₹10, which the company described as 20% for FY26. The dividend is subject to shareholder approval at the company’s upcoming Annual General Meeting (AGM). If approved, it will form part of the FY26 shareholder payout. The dividend recommendation was disclosed alongside the results approval as a Regulation 30 update.

₹10,000 crore fundraising plan approved

In the same board meeting outcome, Waaree Energies approved a fundraising plan of ₹10,000 crore. The filing described it as a significant capital-raising initiative. Separately, prior coverage around the board agenda indicated fundraising could be considered through issuance of equity shares or other securities. The company’s FY26 board outcome confirmed the fundraising plan amount.

Acquisition: Waaree Semicon to become step-down subsidiary

Waaree Energies also approved the acquisition of 100% of Waaree Semicon Private Limited for ₹0.01 crore (₹1.00 lakh). Following the acquisition, Waaree Semicon will become a step-down subsidiary, as stated in the disclosure. The transaction value is small in absolute terms, but the step-down subsidiary structure is a formal change in the group’s corporate chain. The filing did not provide additional operating or financial details for the acquired entity.

Key dates and compliance: board meeting and trading window

The company had earlier informed exchanges that its board meeting was scheduled for April 29, 2026, to consider and approve audited results for the quarter and year ended March 31, 2026. It also stated that the trading window for directors, key managerial personnel, designated persons and their immediate relatives would remain closed from April 1, 2026. The trading window is to reopen 48 hours after the declaration of audited financial results, as per the company’s insider trading code and SEBI (PIT) Regulations, 2015. These compliance disclosures are routinely tracked by market participants during results season.

Stock and market snapshot cited in reports

Market updates around the event noted recent price levels and a one-year trading range. Reports cited a 52-week high of ₹3,865 per share (September 12, 2025) and a 52-week low of ₹2,345.10 per share (April 21, 2025). One report also cited the stock settling 1.32% lower at ₹3,427 on the NSE, with market capitalisation of ₹98,578.11 crore. Another data point mentioned the stock ending 1.82% higher at ₹3,366 on the NSE on a specific day referenced in coverage.

Earlier quarterly context shared in market coverage

Coverage leading up to the FY26 announcement also referenced performance in Q3 FY26. It cited consolidated total income of ₹7,761.23 crore in Q3 FY26 versus ₹3,545.27 crore in Q3 FY25. Net profit in Q3 FY26 was reported at ₹1,106.79 crore versus ₹506.88 crore in Q3 FY25 in one report. Separately, another report cited revenue from operations of ₹7,565.05 crore in Q3 FY26 compared to ₹3,457.29 crore in the year-ago period, and profit after tax of ₹1,062.46 crore versus ₹492.69 crore.

Key facts at a glance

Why this disclosure matters for investors

The FY26 audited numbers provide a consolidated view of Waaree Energies’ scale, profitability and audited compliance status for the year. The dividend recommendation signals a proposed cash return to shareholders, pending AGM approval. The ₹10,000 crore fundraising plan is a major corporate action that can influence capital structure and future investment capacity, based on the company’s stated intent to raise funds. And the acquisition of Waaree Semicon, while small in value, is a disclosed change in group structure.

Conclusion

Waaree Energies’ April 29 board outcome combined audited FY26 results, a ₹2 per share final dividend recommendation, and approval for a ₹10,000 crore fundraising plan. Shareholders will watch for the dividend decision at the AGM and for further details on the fundraising structure and timelines as and when the company provides them.