Waaree Energies Share Price Today Jumps 8% After Net Profit Soars a Whopping 115% YoY: Should You Buy?

Waaree Energies Share Price Today: Shares of Waaree Energies were trading higher during Thursday's intraday trading session after the company had posted strong 115% jump in net profit for the third quarter of financial year 2025-26.

Waaree Energies shares were trading 8.27% higher at Rs 2615.65 per share on BSE with a market capitalisation of Rs 75,285.69 crore at 2:30 pm. The stock had dipped to an intraday low of Rs 2550.05 per share and an intraday high of Rs 2740.75 per share.

Waaree Energies Share Price Recommendation

Waaree Energies had outperformed the markets' expectations with its upbeat profit margins and revenue during the third quarter, noted Motilal Oswal in its report, released on Thursday. The renewable energy producer firm had reported a 119% year-on-year jump in consolidated revenue, due to strong module production and execution of orders. THe brokerage had maintained a 'Buy' rating for the stock.

Waaree Energies Q3 Result Recap

Waaree Energies has posted a strong December quarter, as consolidated net profit more than doubled.The company's net profit (attributable to shareholders of the company) stood at Rs 1,062 46 crore, up 115% from Rs 492 69 crore reported in the year-ago period.

The company linked this performance to higher sales from solar modules and engineering, procurement, and construction activities.

Total income for the quarter also increased sharply, according to Wednesday's exchange filing. It rose to Rs 7,761.23 crore, versus Rs 3,545.27 crore in the same October-December period of the 2024-25 fiscal. The company said both its main businesses contributed to this higher income.

Solar photovoltaic module operations remained the largest revenue driver for Waaree Energies during the December quarter. Revenue from this business reached Rs 6,989.56 crore, compared with Rs 3,109.29 crore in the year-ago period. Engineering, procurement, and construction contracts also showed strong growth, with revenue rising to Rs 838.21 crore from Rs 351.16 crore in Q3 FY25.

Outgoing CEO Amit Paithankar highlighted a production record achieved during this period. Waaree Energies became, according to Paithankar, the first domestic market manufacturer to produce and sell more than 1 GW of modules in a single month. The company reported a manufacturing rate of 52 modules each minute.

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