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Waaree Energies Shares Fall Amid Income Tax Investigation; Q2 Performance Strong

Renewables

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Published on 19th November 2025, 4:52 AM

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Author

Abhay Singh | Whalesbook News Team

Overview

Waaree Energies' shares dropped over 5% after the company disclosed visits by Income Tax Department officials to its offices as part of an investigation. This occurred despite the company reporting a 130% year-on-year jump in net profit to Rs 871 crore for Q2 FY26, driven by strong income and EBITDA growth. The company has an order book of 24 GW and recently commissioned a new manufacturing facility.