Waaree Energies Under Income Tax Investigation Amidst Record Q2 Profit Growth and Expansion

Overview

Waaree Energies Ltd. announced that Income Tax Department officials visited some of its offices and facilities for an investigation under the Income Tax Act, 1961. The company is cooperating fully. This news accompanies strong financial results, where Waaree reported a 130% year-on-year increase in net profit to ₹871 crore for the second quarter ending September 30, 2025. Total income grew by nearly 70% to ₹6,226.54 crore, with EBITDA surging over 155%.