Waaree Energies Profit Jumps 71% but Share Price Falls After Fundraising Approval

Waaree Energies stock came under some pressure on Tuesday, June 16, as investors reacted to the company’s new fundraising approval. While the long-term outlook remains stable, the immediate market response showed some caution.

Waaree Energies shares fell nearly 2% during the day, hitting an intraday low of ₹2,996. Later in the morning, the stock was trading at ₹3,031.7 on the National Stock Exchange (NSE), still down approximately 0.63%. This decline came after shareholders approved a large fundraising plan of up to ₹10,000 crore.

The company plans to raise this amount through a qualified institutional placement, which allows it to issue equity shares or other eligible securities to institutional investors. This move is often seen as a way to strengthen financial capacity, but it could also put short-term pressure on stock prices due to concerns about possible dilution.

The fundraising proposal was first approved by the board on April 29. The plan involves issuing equity shares, non-convertible debentures, warrants, or other instruments that can be converted into equity. The total size of the plan is limited to ₹10,000 crore, making it one of the company’s largest capital raising efforts.

Such a move typically indicates a company is preparing for expansion, future projects, or debt management. However, investors often react cautiously in the short term, as increasing the number of shares can impact earnings per share.

Along with approving the fundraising, shareholders also supported the appointment of Jignesh Devchandbhai Rathod as a full-time director and chief executive officer. This leadership change comes at a time when the company is expanding its operations and strengthening its position in the renewable energy space.

Another positive development is that the company recently received an order to supply 800 MW of solar modules to a major energy solutions provider. This order reflects the continued demand for solar products and supports the company’s growth plans.

Regarding recent performance, Waaree Energies shares have seen decent volatility. Over the past month, the stock has gained a little over 1%. In six months, it has gained nearly 3%, while on a year-on-year basis, the increase is approximately 6%.

The company currently has a market capitalization of ₹87,805.57 crore. Its 52-week high was ₹3,865, reached on September 12, 2025, while its 52-week low was ₹2,403, recorded on January 21, 2026.

Despite the recent decline in the share price, the company’s financial performance remained strong. In Q4 FY26, net profit increased by 71.44 percent to ₹1,061.1 crore, compared to ₹618.91 crore in the same period last year.

Revenue also saw a sharp increase of 111.79 percent, from ₹4,003.93 crore to ₹8,480.25 crore. Operating EBITDA increased by 70.91 percent to ₹1,576.76 crore. However, EBITDA margin declined slightly from 23.04% to 18.59%.

Operations-wise, the company has shown good progress. It achieved module production of 4.2 GW during the quarter and a record annual production of 12.6 GW for FY26. This growth reflects improved efficiency and larger scale of operations.

Overall, the stock saw a short-term decline due to the fundraising announcement, but the company’s strong financial performance and growing order book indicate a stable long-term outlook.