This leading solar stock is in focus after it reported that it has received an order worth $176 million for the supply of 586 MW of solar modules. The Stock surged by 8.68 percent.
With a market capitalisation of Rs. 86,710 Crore, the stock of Waaree Energies opened at Rs. 2,811, up 0.50 percent from yesterday’s close, and after opening, it made a high of Rs. 3039.95, up 8.68 percent. Since the stock’s listing, it has given a return of -3 percent.
Order Update
The company announced that its wholly owned subsidiary, Waaree Solar Americas, has secured a significant international order for the supply of 586 MW of solar modules. The order, valued at USD 176 million or Rs 1,465 Cr
The order is from a prominent U.S.-based developer and operator of utility-scale solar and energy storage projects. The contract is a one-time supply agreement, with deliveries scheduled to commence in FY27.
Also read: Railway stock jumps 3% after receiving ₹141 Cr order from Ministry of Railways
About the Company
Waaree Energies is a leading solar energy company based in India, known for its strong presence in the renewable energy sector. Established in 1990, the company specialises in the manufacturing of high-quality solar photovoltaic modules and offers a wide range of solar products and solutions, including energy storage systems and solar inverters.
With multiple advanced manufacturing facilities and a growing international footprint, Waaree has built a reputation for technological innovation, product reliability, and sustainable energy solutions.
The company reported a 36.37 percent YoY increase in revenue from Rs. 2,936 Crore in Q4FY24 to Rs. 4,004 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 15.82 percent in revenue from Rs. 3,457 Crore in the previous quarter.
Their Net profit saw an increase of 35.57 percent YoY from Rs. 475 Crore to Rs. 644 Crore for the same period. On a QoQ basis, the company reported an increase of 27.02 percent in Net profit from Rs. 507 Crore in the previous quarter.
Written By Abhishek Das
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