Waaree Energies shares rally 4% after Q1 profit surges 89% YoY to Rs 745 crore

Waaree Energies reported an 89% YoY surge in Q1 FY26 net profit to Rs 745 crore, driven by strong performance in its solar PV and EPC segments. Revenue rose 30% to Rs 4,426 crore. Despite solid growth and a 49% six-month stock return, analysts remain cautious, with a consensus ‘Sell’ rating and a target price implying 16% downside.Caption: Strong Q1 for Waaree, but analysts stay cautious.