Synopsis:
Waaree Energies Ltd has approved a major capacity expansion across its Lithium-Ion, Electrolyser, and Inverter units, involving a total additional capex of around Rs. 8,175 crore.
A clean energy and renewable solutions stock saw strong investor interest following the announcement of a massive capacity expansion plan across its key manufacturing units, signalling strategic growth in lithium-ion storage, electrolysers, and inverter production.
Waaree Energies Ltd, with a market capitalization of Rs. 98,447.98 crore, opened at Rs. 3,369.95, touched a high of Rs. 3,469 against a previous close of Rs. 3,330.80, marking an intraday rise of approximately 4.13 percent.
What’s the News?
Waaree Energies Ltd’s Board of Directors, at its meeting, approved significant capacity expansions across its wholly owned subsidiaries. The Lithium Ion Advanced Chemistry Storage Cell and BESS manufacturing plant will expand from 3.5 GWh to 20 GWh, with an additional capex of around Rs. 8,000 crore in its wholly owned subsidiary Waaree Energy Storage Solutions Private Limited.
The Electrolyser manufacturing plant capacity will increase from 300 MW to 1,000 MW of annual production, with an added capex of Rs. 125 crore in its wholly owned subsidiary Waaree Clean Energy Solutions Private Limited .
Additionally, the Inverter manufacturing capacity will rise from 3 GW to 4 GW, supported by an additional capex of Rs. 50 crore in its wholly owned subsidiary Waaree Power Private Limited. These expansions are expected to significantly enhance production capacity across key renewable energy technologies.
Financial Snapshot
On a quarter-on-quarter basis, Waaree Energies Ltd recorded sales growth from Rs. 4,004 crore to Rs. 4,426 crore, a rise of 10.5 percent. Operating profit increased from Rs. 923 crore to Rs. 997 crore, up 8.0 percent, while PBT grew from Rs. 845 crore to Rs. 943 crore, a gain of 11.6 percent. Net profit rose from Rs. 644 crore to Rs. 773 crore, marking a growth of 20.0 percent.
Year-on-year, the company’s sales jumped from Rs. 3,409 crore to Rs. 4,426 crore, up 29.8 percent. Operating profit surged from Rs. 552 crore to Rs. 997 crore, an 80.6 percent increase. PBT rose from Rs. 531 crore to Rs. 943 crore, a gain of 77.6 percent, and net profit climbed from Rs. 401 crore to Rs. 773 crore, a substantial 92.8 percent growth.
About the Company
Established in 1990, Waaree Energies Limited is one of India’s leading renewable energy companies, driving the global energy transition. With operations across India and over 25 countries worldwide, Waaree provides comprehensive solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. Focused on sustainability, the company delivers innovative and cost-effective energy solutions to support a greener future.
Written by Manan Gangwar
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