“Waaree’s profit doubles — is this the solar stock to watch?

☀️ Q2 FY26 Highlights - Net Profit: ₹116.3 crore, up 117% YoY from ₹53.5 crore in Q2 FY25. - Revenue: ₹774.8 crore, a 47.7% increase YoY, driven by robust execution and sectoral tailwinds. - EBITDA: More than doubled to ₹157.9 crore, with margins improving to 20.4% from 13.6%. - Expansion Plans: Approved new solar plant expansion and secured a ₹1,252 crore solar power project. 🔍 Investor Watchouts - Execution Risk: Rapid expansion and large-scale projects demand flawless execution. - Sector Sensitivity: Renewable energy stocks are sensitive to policy changes, global supply chains, and interest rate cycles. - Valuation Check: After a strong rally, investors should assess valuation sustainability amid rising competition. 📈 Stock Impact - Price Movement: Stock closed at ₹1,134.60 on BSE, up 2.2% post-results, reflecting positive sentiment. - Momentum Drivers: Strong earnings, margin expansion, and new project wins are fueling bullish momentum. - Medium-Term Outlook: Continued growth depends on execution, policy support, and cost control.