Solar Power Project: Waaree Renewable Technologies Surges over 4% as Company Wins Order Worth ₹346 Crore From CESC

Waaree Renewable Technologies rose 4.25% after securing a ₹346.33 crore solar EPC order. The company posted strong FY25 results with 82% annual revenue growth and plans to complete the 300 MW project in FY2025-26.

Why Waaree Renewable Technologies' Share Price Surged

On Tuesday, the share price of Waaree Renewable Technologies surged by 4.25% to an intraday high of ₹1,067.70 as the company secured a new work order. As of 02:14 pm, the stock was trading at ₹1,031.50, up by 0.71%. 

Since its listing in April 2025, the company has delivered a return of 16.63%, while in a month, the stock is up 7.51%. The Company’s market capitalisation stands at ₹10,760 crore. 

Waaree Renewable Technologies LOA Details

Waree Renewable Technologies Limited as announced the receipt of a Letter of Award (LOA) for the engineering, procurement, and construction (EPC) works of a 300 MW AC/435 MW DC ground-mounted solar power project. 

The project, valued at approximately ₹346.33 crore (excluding taxes), was awarded by a domestic renewable generation company. Waaree RTL, a subsidiary of Waaree Energies Limited, will be responsible for developing the ground-mount solar power project. The execution of this commercial order is scheduled to be completed in the financial year 2025-26.

Financial Performance of Waaree Renewables 

In Q4FY25, Waaree Renewable Technologies reported a 74.37% year-on-year increase in consolidated revenue from operations, which rose to ₹476.58 crore from ₹273.31 crore in Q4FY24. EBITDA grew by 67.79% to ₹126.33 crore, although the EBITDA margin slightly declined to 26.51% from 27.55% a year earlier. Profit After Tax (PAT) surged by 82.75% to ₹93.77 crore, with PAT margins improving to 19.67% compared to 18.78% in the corresponding quarter last year.

For the full year FY25, the company posted an 82.29% annual growth in revenue from operations, reaching ₹1,597.75 crore, up from ₹876.5 crore in FY24. EBITDA rose by 50.06% to ₹310.9 crore, with the EBITDA margin declining to 19.46% from 23.64%. PAT increased by 57.64% to ₹228.92 crore, though PAT margins narrowed to 14.33% from 16.57% in the previous year.

About Waaree Renewable Technologies

Waaree Renewable Technologies Limited specialises in providing EPC services for solar power projects. As a subsidiary of Waaree Energies Limited, the company is involved in the development and execution of solar energy solutions, contributing to the renewable energy sector in India. Their services typically encompass the entire lifecycle of solar power projects, from design and procurement to construction and commissioning.

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Disclaimer: The article is for informational purposes only and not investment advice.