“The proceedings are underway and Waaree Energies is extending its full co-operation to the officials,” the company said in a regulatory filing on November 18 after market hours.
Last month, the solar PV modules manufacturer reported a 133% growth in its consolidated Q2 net profit at Rs 842 crore against Rs 362 crore in the year-ago period. The profit after tax (PAT) is attributable to the owners of the parent company.
The company’s revenue from operations in the quarter under review stood at Rs 6,066 crore, representing a 70% increase over Rs 3,574 crore in the corresponding quarter of the previous financial year.
The net profit jumped 13% on a sequential basis compared to Rs 745 crore posted by the company in Q1FY26, while the topline grew 37% on a quarter-on-quarter basis versus Rs 4,426 crore in the April-June quarter.
Waaree declared an interim dividend of Rs 2 per equity share for the financial year ending March 31, 2026. The record date for the purpose of determining the entitlement of the shareholders for the interim dividend was fixed as Friday, October 24, 2025, and the dividend was paid to the shareholders earlier this month on November 6, 2025.
Waaree Energies share price today
At around 9:40 am, shares of the company were trading at Rs 3,154, lower by 4% from the last close on the NSE. Waaree Energies’ stock price is up 10% on a year-to-date basis.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)