New Delhi, April 30 -- Shares of Waaree Energies Ltd declined sharply on Thursday, 30 April, falling over 10% after the company reported its Q4 FY26 earnings. The stock dropped as much as 10.6% to an intraday low of Rs.3,132.10 on the NSE, as investors reacted to margins and EBITDA coming in below expectations despite strong topline growth.

The recent correction adds to short-term pressure on the renewable energy stock, which has declined 8% over the past one week. However, the broader trend remains positive, with the stock still up 12% over three months and 20% over the past one year.

Waaree Energies reported a sharp rise in profitability for the March quarter, with net profit increasing 74.76% year-on-year to Rs.1,126.26 crore. Revenu...