Waaree Energies' stock gained after securing a $176 million U.S. order for 586 MW of solar modules. Strong Q4 and FY25 results showed increasing revenue and profit. As of the beginning of Q1FY26, the company has a total order book of ₹47,000 crore.
The share price of Waaree Energies surged by 1.69% to an intraday high on Friday as the company secured an order for solar modules. As of 10:16 am IST, Waaree Energies Ltd is trading at ₹3,028, showing an intraday increase of 0.34%. The stock has delivered decent returns of 5.3% over the past week, 13.16% in the last month, and 21.08% over the past year.
Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies Limited, announced on May 29, 2025, that it has secured a significant order for the supply of 586 MW of solar modules. The order, valued at 176 million USD, was placed by a renowned customer in the United States, described as a developer and owner-operator of utility-scale solar and energy storage projects across the U.S. The supply of these solar modules is scheduled to commence in the Financial Year 2026-27. This is a one-time international order.
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. These strong annual figures underline the company’s expanding market presence and successful execution of its growth strategy in the renewable energy industry.
Waaree Energies Limited is India's largest solar panel manufacturer, with a capacity of 12 GW. The company specialises in solar PV module manufacturing, offering a wide range of solar products and services, including solar EPC (Engineering, Procurement, and Construction) services, project development, and solar rooftop solutions. They cater to various sectors, including residential, commercial, industrial, and utility-scale projects.
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Disclaimer: The article is for informational purposes only and not investment advice.
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