Waaree Energies rose over 2% after its U.S. subsidiary won a 500 MW solar module order, company boosts its ₹47,000 crore order book by 57% from international clients.
On Monday, July 21, 2025, Warree Energies share price jumped over 2% in the early trade as the company's subsidiary secured an order to supply solar modules.
Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies Limited, announced on July 19, 2025, that it has secured an order to supply 500 MW of solar modules. The order was placed by a renowned customer specialising in the development and operation of utility-scale solar and energy storage projects across the United States. The supply of these solar modules is scheduled for the Financial Year 2026-27. This is a one-time international order for solar modules.
As of the beginning of Q1FY26, the company has a total order book of ₹47,000 crore, where 43% of orders are from domestic clients and 57% from international clients.
Waaree Energies reported strong quarterly results for the period ending March 2025, with revenue from operations rising to ₹4,003.93 crore, marking a 36.38% year-on-year growth compared to ₹2,935.84 crore in the same quarter last year. Profit after tax also saw a significant increase of 35.63%, reaching ₹644.47 crore against ₹475.16 crore in March 2024, indicating improved operational efficiency and growing demand in the solar energy sector.
For the full financial year ending March 2025, Waaree Energies posted revenue from operations of ₹14,444.50 crore, up 26.73% from ₹11,397.61 crore in the previous year. Profit after tax showed even stronger growth, surging 51.30% to ₹1,928.13 crore from ₹1,274.38 crore in FY24.
Waaree Energies share price surged by 2.45% on an intraday basis on Monday as the company secured an order for solar modules. As of 10:00 am IST, Waaree Energies Ltd is trading at ₹3,108.90, showing an intraday decline of 0.42%.
The stock has delivered decent returns of 8.64% on a year-to-date basis, while it has gained 24.47% since its listing in November 2024.
Disclaimer: The article is for informational purposes only and not investment advice.
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