Indian corporate actions and global market cues remained in focus on January 22, 2026, as Waaree Energies delivered a record-breaking quarterly performance, Muthoot Capital Services tapped the debt market, and global equities traded with a positive bias.
Muthoot Capital Services Raises ₹50 Cr via Commercial Paper
Muthoot Capital Services Limited issued Commercial Paper (CP) worth ₹50 crore on January 21, 2026, reinforcing its short-term funding position. The CP carries a tenure of 99 days, maturing on April 30, 2026, and was issued at a discount rate of 8.7665%. The issuance was allotted to Vivriti Alpha Debt Fund and is backed by a CRISIL A1+ rating, reflecting strong short-term credit quality.
Waaree Energies Delivers Stellar Q3 FY26 Performance
Waaree Energies Ltd reported a record quarter in Q3 FY26, highlighting robust growth across financial and operational parameters. Revenue from operations surged 118.8% year-on-year to ₹7,565 crore, while profit after tax rose 118.4% YoY to ₹1,106 crore. Operating EBITDA jumped 167.2% YoY to ₹1,928 crore, with margins expanding to 25.5%, exceeding the company’s earlier guidance trajectory.
The company’s order book stands at approximately ₹60,000 crore, supported by a pipeline exceeding 100 GW. Waaree announced a capex plan of over ₹25,000 crore to expand capacities across solar modules, cells, inverters, transformers, and Battery Energy Storage Systems (BESS). Strategic initiatives include a $30 million investment in United Solar (Oman) to secure a long-term polysilicon supply chain, alongside expansion into green hydrogen electrolysers and integrated energy solutions.
Operationally, Waaree achieved record quarterly module production of 3.5 GW and became the first Indian solar manufacturer to exceed 1 GW of monthly module production. The company continues to maintain its Tier-1 PV Module Maker status with BNEF for 39 consecutive quarters, along with improved credit and sustainability ratings.
Global Markets Snapshot: Equities Hold Positive Momentum
Global markets traded with a firm undertone. In the US, benchmark indices closed higher, with the S&P 500 gaining 1.16%, the Nasdaq rising 1.17%, and Dow Jones futures trading modestly higher.
Asian markets also reflected positive sentiment. GIFT NIFTY indicated a firm start, while Japan’s Nikkei 225 advanced over 1%. The Hang Seng and Shanghai Composite posted mild gains, suggesting cautious optimism across the region.
Overall, strong corporate earnings, disciplined fund-raising activity, and stable global market cues continue to support investor sentiment, even as markets remain selective and data-driven.
Disclaimer:
This report is for informational purposes only and does not constitute investment advice. Market data and corporate disclosures are subject to change.
