The India’s solar industry is expected to benefit from favourable government policies, declining solar costs, and technological advancements. The sector added 24.5 GW in 2024, with expectations to surpass 18 GW in new installations in 2025. With Increased funding and supportive policies, it is anticipated that this momentum towards achieving 500 GW by 2030.
In this article, we will look into Premier Energies & Waaree Energies‘ impact on business, their order book, financials, and others. However, investors should do their research before investing.
Price Movement
Premier Energies Limited’s stock in Thursday’s session was trading at Rs. 913.55 per share up by 1.33 percent from the previous closing price of Rs. 901.60. The stock has delivered a return of around 8.76 percent and has outperformed the Nifty Index from the listing period.
Waaree Energies Limited’s stock in Thursday’s session was trading at Rs. 2,212.40 per share down by 0.54 percent from the previous closing price of Rs. 2,224.50. The stock has delivered a negative return of around 5.33 percent and has outperformed the Nifty Index from the listing period.
Impact from Trump’s Tariffs
In the recent transcript, The Premier Energies management said that they are closely monitoring the uncertainty around the IRA pause by the Trump administration and have decided to delay their investment in a US-based cell manufacturing plant until clarity emerges. Further, it remains cautious about the US market, with its current exposure limited to 2.11 percent. While there is strong demand in the US, Premier Energies has chosen to focus on the Indian market, limiting its exports to under 3 percent despite opportunities in the US.
Recently, Waaree CEO, Amit Paithankar said that they are confident of the U.S demand and positioned to manage possible import tariffs under President Donald Trump. They have operations in Texas. He further said to Reuters in an interview “In the last month or so, we have been in touch with all of our key customers. Our order book remains to be strong… Our pipeline for the U.S. orders has only increased”. Further he said “And we’ll be closely monitoring the tariff regime as it is rolled out”.
Order Book Analysis
Premier Energies has an order book of 4,539 MW worth Rs. 6,946.1 crore as of 31st December 2024. The order book comprises Modules which contributed around 63 percent, followed by 36 percent from Cell and the remaining 1 percent from Engineering, Procurement & Construction (EPC).
Waaree Energies has an order book of 26.5 GW with an order book of ~Rs. 50,000 crore as of 30th January 2025, which includes 46 percent from India and the remaining 54 percent from Overseas.
Financial Performance
Premier’s Q3FY25 results show revenue from operations of Rs. 1,713 crore which increased by 140.58 percent year on year, from Rs. 712 crore in Q3FY24. Its net profit increased by 493 percent year-on-year, from Rs. 43 crores in Q3FY24 to Rs. 255 crores in Q3FY25.
Waaree’s Q3FY25 results show revenue from operations of Rs. 3,457 crore which increased by 116.60 percent year on year, from Rs. 1,596 crore in Q3FY24. Its net profit increased by 259.57 percent year-on-year, from Rs. 141 crores in Q3FY24 to Rs. 507 crores in Q3FY25.
About the company
Premier Energies Limited was established in 1995 and is India’s second-largest integrated solar cell and module manufacturer. It offers EPC services and operates globally, providing sustainable energy solutions with advanced technology and a strong presence in over 30 countries.
Waaree Energies is India’s largest solar PV module manufacturer with a 13.3 GW capacity. It offers comprehensive solar solutions, including EPC services, energy storage, and solar inverters, with a presence in over 68 countries and 388+ Indian locations.
Written by Santhosh S
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