Waaree Energies Q3: Net Profit Jumps 26%, Revenue Up 24.7% Sequentially
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CNBC TV18•21-01-2026, 20:59
Waaree Energies Q3: Net Profit Jumps 26%, Revenue Up 24.7% Sequentially
- •Waaree Energies reported a strong Q3 performance with net profit increasing 26% quarter-on-quarter to ₹1,062 crore.
- •Revenue for the December quarter rose 24.7% sequentially, reaching ₹7,656 crore.
- •EBITDA saw a significant 37.2% sequential rise to ₹1,928 crore, with margins improving to 25.5%.
- •The company recognized a one-time provision of ₹7.14 crore due to new labor codes, awaiting final government notification.
- •Shares of Waaree Energies closed 2.82% lower on January 21, despite the positive financial results.
Why It Matters: Waaree Energies demonstrated robust sequential growth in Q3 net profit, revenue, and EBITDA, despite a dip in share price.
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