Brokerage firms continue to remain positive on Waaree Energies after its quarterly earnings for the September 2025 period, with some analyst increased its target price, while some expecting the stock to deliver up to 22 per cent gains in the coming period. It reported its 'best quarterly earnings' on Thursday, September 16. Advertisement

Waaree Energies reported a 132.97 per cent year-on-year (YoY) surge in consolidated net profit to Rs 871.21 crore in the quarter that ended on September 30, 2025. Its revenue from operations increased by 69.69 per cent YoY to Rs 6,226.54 crore in the reported period. Waaree reaffirmed its FY26 Ebitda guidance of Rs 5,500 to Rs 6,000 crore.

Ebitda increased 155.29 per cent YoY to Rs 1,560 crore, while Ebitda margin increased more than 840 basis points to

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