Archive · 29 Jul 2026
Waaree Energies Q1 Profit Rises 14% to ₹850 Crore
Waaree Energies, a company that makes solar panels and builds solar power plants, just announced its earnings for the first three months of 2026.
They made a lot more money than last year, with a profit of ₹850 crore, which is 14% more.
This growth came from selling more solar panels and building more solar power plants.
They also got some money back from the US government because of a court ruling that said some taxes they were paying were not fair.
However, the company is also dealing with some investigations by US and Indian authorities.
Waaree Energies reported a 14% year-on-year rise in consolidated net profit to ₹850 crore for Q1 2026.
Revenue from operations rose 79% year-on-year to ₹7,932 crore, driven by strong growth in solar PV and EPC businesses.
The company recognized ₹349.28 crore as other operating revenue from a US tariff refund.
Solar PV revenue increased by 91%, while EPC contract revenue grew by 55% during the quarter.
Power generation revenue declined by 9% during the quarter.
- Who
- Waaree Energies Ltd
- What
- Reported a 14% year-on-year rise in consolidated net profit to ₹850 crore for Q1 2026
- When
- Quarter ended 30 June 2026
- Where
- Mumbai, India
- Why
- Driven by strong growth in solar PV and EPC businesses, and a US tariff refund
Positive Financial Performance
Regulatory and Legal Challenges
Financial Growth
Positive Financial Performance
Waaree Energies reported a 14% year-on-year rise in consolidated net profit to ₹850 crore, driven by strong growth in solar PV and EPC businesses.
Regulatory and Legal Challenges
The company faces ongoing investigations by U.S. Customs and Border Protection and Income Tax authorities in India.
- Net Profit
- ₹850 crore
- Revenue from Operations
- ₹7,932 crore
- Year-on-Year Profit Increase
- 14%
- Solar PV Revenue Growth
- 91%
- EPC Contract Revenue Growth
- 55%
- Power Generation Revenue Decline
- 9%
- US Tariff Refund
- ₹349.28 crore
- Board Meeting Date
- 29 July 2026
