Waaree Energies Ltd. reports FY2026 profit jump, proposes ₹2 dividend
Verified article - details checked for accuracy.
Data Extracted via Frism DocuLens
Waaree Energies Ltd. posted explosive FY2026 growth, recommends a ₹2 per share dividend, and lines up a massive ₹10,000 cr capital raise plus a nominal‑cost semiconductor acquisition.
- Consolidated revenue jumped to ₹27,245 cr (↑ 84% YoY) and net profit surged to ₹3,884 cr (↑ 96% YoY), lifting EPS to ₹129.10 per share.
- Board recommends a final dividend of ₹2 per equity share, pending AGM approval, supported by year‑end cash of ₹774.16 cr.
- Approved a QIP of up to ₹10,000 cr to fund solar PV, ingot‑wafer plants and potential deals; full issuance could dilute shareholders.
- Acquired 100% of Waaree Semicon Private Ltd for ₹1 lac (cash) to build power‑semiconductor capabilities, targeting long‑term margin upside.
- Recorded a ₹295 cr provision for a US Customs investigation and an ongoing income‑tax probe, which the board says have no material impact on FY results.
Complete ArticleExclusive Frism Intelligence Report
Frism is a financial information and news discovery platform. We provide factual summaries and data correlations for educational and informational purposes only. Frism does not provide investment advice, buy/sell recommendations, or directional market outlooks. Users should consult a qualified financial advisor before making any investment decisions.
Proudly crafted in India 🇮🇳
Frism Computing (OPC) Private Limited
#74, 15TH CROSS, JP Nagar III Phase, Bangalore South, Bangalore 560078, Karnataka