Waaree Energies Delivers Strong Q2 Results Amid Ongoing U.S. Investigation

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Waaree Energies Ltd reported robust Q2 FY26 financials with ₹60.66 billion in revenue and ₹8.3 billion in net profit. The company declared an interim dividend of ₹2 per share. Meanwhile, its holding entity stated it cannot yet determine the outcome of the ongoing U.S. trade investigation.

Strong financial performance in Q2

Waaree Energies Ltd posted impressive consolidated results for the quarter ended September 2025, with revenue from operations reaching ₹60.66 billion and net profit climbing to ₹8.3 billion. The company’s performance reflects strong demand for solar modules and EPC services, both domestically and internationally. Operational efficiency and expanded manufacturing capacity contributed to the margin improvement.

The board also approved an interim dividend of ₹2 per equity share, reinforcing its commitment to shareholder returns.

Dividend declaration and shareholder update

The interim dividend of ₹2 per share will be paid to eligible shareholders on November 6, 2025, with the record date set for October 24, 2025. This payout follows a period of sustained profitability and signals confidence in the company’s cash flows and future outlook.

Waaree’s board emphasized its focus on long-term growth and continued investment in solar technology innovation.

U.S. investigation remains unresolved

Waaree Energies Holding Co. confirmed that it is currently unable to ascertain the outcome of the ongoing U.S. investigation into alleged tariff evasion. The probe centers around concerns that solar modules may have been mislabeled to bypass trade duties. While the company has denied any wrongdoing, it remains under scrutiny by U.S. customs authorities.

Shares of Waaree Energies fell over 5% in late September following news of the investigation, though they have since stabilized.

Key highlights from the quarter

- Revenue from operations stood at ₹60.66 billion
- Net profit reached ₹8.3 billion for Q2 FY26
- Interim dividend of ₹2 per equity share declared
- Record date set for October 24, payment on November 6
- U.S. investigation into tariff practices remains unresolved
- Company maintains strong operational and financial momentum

Strategic outlook and industry sentiment

Despite regulatory headwinds, Waaree Energies continues to lead India’s solar manufacturing sector. Analysts expect the company to maintain growth through capacity expansion and export diversification. The outcome of the U.S. investigation remains a key variable for its international strategy.

Sources: Financial Express, Rediff MoneyWiz, InvestyWise, MSN News