Waaree Energies Stock Price: 120% jump in earnings, excellent results and the stock took off like a rocket today, gaining 12%

News Topical, Digital Desk : Waaree Energies Stock Price: Shares of Waaree Energies Ltd. saw a strong rally on Thursday, January 22. Following strong December quarter (Q3FY26) results and positive EBITDA guidance, the stock surged nearly 12% in intraday trading.

The company's net profit in Q3 increased 26% quarter-on-quarter (QoQ) to ₹1,062 crore, compared to ₹842 crore in the previous quarter. Revenue during the same period increased 24.7% from ₹6,065 crore to ₹7,565 crore. Waaree Energies also performed strongly at the operating level. EBITDA increased by 37.2% to ₹1,928 crore, compared to ₹1,405 crore in the previous quarter. EBITDA margin also increased from 23.2% to 25.5%. 

Why was the quarterly performance so impressive? According to the company, this strong performance was driven by the highest-ever quarterly solar module production and the commissioning of new module manufacturing facilities. However, the company also reported an exceptional item of ₹300 crore due to liabilities related to an ongoing investigation in the US. Management stated that strong execution and a healthy order book will support growth in the near term. The company indicated that it expects to exceed its EBITDA guidance of ₹5,500–6,000 crore for FY26. During the quarter, Waaree commissioned new 2.1 GW solar module manufacturing facilities in Chikhli, Gujarat, and 3 GW in Samakhiali. Additionally, 3.05 GW of inverter manufacturing capacity was commissioned in Sarodi, Gujarat. As part of its expansion plans, the company has raised ₹1,000 crore to set up a 20 GWh advanced lithium-ion cell and battery pack manufacturing unit. This investment is part of the company's announced ₹10,000 crore capex program.

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