Waaree Energies Limited has declared an interim dividend of ₹2 per equity share for FY2025-26, with the record date set as October 24, 2025, and the dividend payout scheduled for November 6, 2025.
In its regulatory filing, the company stated:
“The Board of Directors declared an interim dividend of ₹2 per equity share of face value ₹10 each for the financial year ending March 31, 2026. The dividend will be paid on Thursday, November 6, 2025, to shareholders whose names appear as on the record date.”
Strongest-Ever Quarter in Revenue and Profitability
Commenting on the Q2 FY26 performance, Amit Paithankar, Whole-Time Director and CEO of Waaree Energies Ltd, said the company achieved its best-ever quarterly performance, driven by a favourable revenue mix and strong operational execution.
“Our EBITDA margin expanded by over 800 basis points, marking a robust improvement in profitability. With a strong order book, we expect operational momentum to accelerate in the second half as well,” Paithankar said.
Capacity Expansion and Strategic Growth Initiatives
Waaree continues to expand both domestically and internationally.
- India: Module manufacturing capacity increased by ~3 GW during Q2 to reach 16.1 GW.
- United States: Capacity now stands at 2.6 GW following the acquisition of Meyer Burger’s assets, reinforcing Waaree’s commitment to the U.S. solar market.
The company also announced an additional ₹8,175 crore investment towards developing Battery Energy Storage Systems (BESS), inverters, and green hydrogen electrolysers, along with strategic acquisitions in transformer and smart meter businesses — all part of its vision to build an integrated energy solutions platform.
FY26 Outlook
Paithankar reaffirmed the company’s FY26 EBITDA guidance of ₹5,500–₹6,000 crore, supported by strong order visibility, disciplined margin management, and prudent capital investments.
“The interim dividend of ₹2 per share reflects our robust cash flow generation and sustained financial strength,” he added.
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