Waaree Energies Share Price Target: Shares of Waaree Energies, a company engaged in the power sector, are in focus following the company’s Q4 results in the previous session. The company reported a sharp 111.8 per cent year-on-year rise in revenue. and the profit after tax for the quarter stood at Rs 1,126.26 crore, reflecting a 74.76 per cent increase from a year ago.
Despite the fall in the stock, the brokerage maintains a bullish outlook and has reiterated its BUY rating. Here is what the brokerage has to say about the energy stock:
Waaree Energies Outlook
Centrum expects revenue/EBITDA/PAT CAGR of 27.0 per cent/23.3 per cent/22.5 per cent over FY26–FY28E.
It further highlights a robust Q4 FY26 performance, with revenue rising 12.1 per cent QoQ to Rs 84.8 billion, driven by strong execution across segments. However, EBITDA margin declined to 18.6 per cent from 25.5 per cent in Q3 FY26, impacted by higher raw material costs and changes in product mix.
Segment-wise, solar PV module revenue grew 13.1 per cent QoQ, EPC surged 30.1 per cent QoQ, while power generation declined 35 per cent QoQ. The company achieved 4.2 GW of module production during the quarter and 12.6 GW for FY26, alongside 0.7 GW of cell production.
Capacity expansion continued with an additional 3 GW module facility commissioned at Samakhiali, taking total capacity to 26 GW. The order book expanded to Rs 530 billion, supported by a strong pipeline exceeding 100 GW.
While margins remain under near-term pressure, Centrum expects improvement driven by backward integration, higher cell capacity, and operating leverage. The company’s expansion into storage, inverters, and green hydrogen further strengthens its long-term growth outlook.
Waaree Energies Stock Performance
The stock shows mixed performance across timeframes. It fell 8.62 per cent over one week and 9.35 per cent over two weeks, but gained 0.33 per cent in one month. Stronger momentum is seen over three months and one year, while the six-month performance remains weak at -9.15 per cent, indicating volatility.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
