India's Waaree Energies falls to near five-month low after quarterly results
30/07/2026 07:48
BUZZ-India's Waaree Energies falls to near five-month low after quarterly results ** India's Waaree Energies WAAN.NS drops 6.4% to nearly five-month low of 2,561 rupees
** Reports 20.9% seqnetial drop in profit and 6.5% decline in revenue
** Both metrics rise year-on-year, but JM Financial says results were an all-round miss
** "EBITDA margin dropped to 14% versus 19% in Q4FY26, (while) production too declined to 3.2GW," the brokerage firm said
** About 3.7 million shares change hands, ~4.5x of 30-day average daily volume
** Stock rated "Buy" on average by 16 brokerage firms, median PT at 3,624 rupees
** YTD, WAAN down 11.6%
(Reporting by Vivek Kumar M)
Recent news on Waaree Energies
See all newsIndia's Waaree Energies rises as unit enters specialty gases business
Brief: Waaree Energies Says Unit Enters Specialty Gases Market To Power Semiconductor And Solar Manufacturing
India's Waaree Energies to merge Indosolar into company in near-$100 million deal (updated)
Brief: Waaree Energies Approves Draft Amalgamation Scheme With Indosolar
India's Waaree Energies to merge Indosolar into group