India’s largest manufacturer of solar PV modules with an aggregate installed capacity of 15 GW received an order on June 11, 2025 for supply of 599 MW solar modules.
With a market capitalization of Rs. 83,714 Crores on Wednesday, the shares of Waaree Energies Ltd jumped up to 4 percent, making a high of Rs. 2948 compared to its previous closing price of Rs. 2838.
Waree Energies received the order from Renowned customer who is a developer and owner-operator of utility scale solar and energy storage projects across the United States and the delivery of the module supply is scheduled to take place in the calendar year 2026 by Waaree Solar Americas, a wholly owned subsidiary of the Company.
Waaree Energies is India’s largest manufacturer and exporter of solar modules. It has the highest market share of 14.1% and the order book of Rs 47,000 Crores.The company exports solar PV modules to markets including the United States, Canada, Italy, Hong Kong, Turkey, and Vietnam. The U.S. is their largest export market, accounting for 57% of export sales.
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Financial and Others
The company’s revenue rose by 26.7 percent from Rs. 11,397.61 crores in FY24 to Rs. 14,444.50 crores in FY25. Meanwhile, Net profit rose from Rs. 1,274.38 crores to Rs. 1,928.13 crores in the same period which is more than 51 % and also has shown strong financial performance, with an average ROE of 26.37 percent and ROCE of 34.06 percent over the last 3 years.
Written by :- Rohan Pandey
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