Waaree Energies Ltd (NSE:WAAREEENER)

Q2 2026 Waaree Energies Ltd Earnings Call Transcript

Oct 17, 2025 / 07:00 AM GMT

Release Date Price: ₹3535.3 (-2.54%)

Transcript

Key Points

Positve

Waaree Energies Ltd (NSE:WAAREEENER) reported a 70% year-on-year revenue growth for the quarter.
EBITDA grew by 155% and profit after tax increased by 134%, indicating strong financial performance.
The company has a robust order book of INR 47,000 crore, with a healthy mix of domestic and international orders.
Waaree Energies Ltd (NSE:WAAREEENER) has expanded its module manufacturing capacity to 18.7 gigawatts, with plans to increase it further.
The company is investing in strategic acquisitions and expanding into new segments like battery energy storage systems and electrolyzer manufacturing, indicating diversification and growth potential.

Negative

There is a significant increase in other expenses, attributed to export duties and freight costs, which could impact profitability.
The company's cash flow is affected by inventory build-up due to delayed export shipments.
The regulatory environment, including anti-dumping investigations in the US, poses potential risks.
The company faces challenges in ramping up production capacity utilization, particularly in its cell manufacturing facilities.
There is uncertainty regarding the impact of future policy changes, such as the ALMM for solar cells, on the company's operations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WAAN.NS - Waaree Energies Ltd
Q2 2026 Waaree Energies Ltd Earnings Call
Oct 17, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Wari Energy Limited conference call hosted by MUFG in India Private Limited.

As a reminder, all participant clients will be the lesson only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchtone phone.

I now hand the conference over to Mr. Prathamesh Para from MUFG in time India Private Limited.

Thank you and over to you, sir.

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Unidentified_2 [2]
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