Waaree Energies Q3: Net profit, revenue, margins post healthy sequential growth

Waaree Energies reported a strong performance for the December quarter, with net profit rising 26% quarter-on-quarter to ₹1,062 crore from ₹842 crore in Q2. Revenue for the quarter increased 24.7% sequentially to ₹7,656 crore from ₹6,065 crore.

EBITDA for Q3 rose 37.2% sequentially to ₹1,928 crore, up from ₹1,405 crore in Q2.

The EBITDA margin improved to 25.5% from 23.2% in the previous quarter, reflecting higher operating leverage.

Factoring in the new labour codes, Waaree Energies recognised a one-time

provision of ₹7.14 crore. This included employee benefits expense for the quarter and nine months ended December 31, 2025.

The company said the government is in the process of notifying the related rules, and the impact will be evaluated and accounted for in accordance with applicable accounting standards when notified.

Shares of Waaree Energies ended lower on Wednesday, January 21, by 2.82% at 2,435.70 on the NSE.

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