Rs 50,000 Crore Order Book: Solar Company Win Rs 346 Crore Solar Project Order; Stock Jumps over 4 Per Cent
Waaree Renewable Technologies has delivered a return of 16.63 per cent. Over the past one month, the stock has gained 7.51 per cent.
Waaree Renewable Technologies witnessed a sharp intraday surge of 4.25 per cent on Tuesday, hitting Rs 1,067.70 after the company secured a new engineering, procurement, and construction (EPC) order worth Rs 346.33 crore. The stock later traded at Rs 1,031.50, up 0.71 per cent by 2:14 pm. The recent uptick follows a series of positive developments including strong Quarterly Results and a healthy order pipeline.
Since its listing in April 2025, Waaree Renewable Technologies has delivered a return of 16.63 per cent. Over the past one month, the stock has gained 7.51 per cent. With a market capitalisation of approximately Rs 10,760 crore, the company is gaining attention in the renewable energy and Small-Cap segment.
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The company announced that it received a Letter of Award (LOA) for a 300 MW AC/435 MW DC ground-mounted solar power project. Valued at Rs 346.33 crore (excluding taxes), the project was awarded by a domestic renewable generation firm. As a subsidiary of Waaree Energies Limited, Waaree RTL will be responsible for the execution of the entire EPC scope, with completion targeted in FY2025-26.
The company also reported robust financial performance for the quarter and year ended FY25. In Q4FY25, consolidated revenue surged 74.37 per cent year-on-year to Rs 476.58 crore. EBITDA rose 67.79 per cent to Rs 126.33 crore, although the EBITDA margin slightly narrowed to 26.51 per cent from 27.55 per cent in the same period last year. Profit After Tax (PAT) increased by 82.75 per cent to Rs 93.77 crore, with PAT margin improving to 19.67 per cent.
For the full fiscal year FY25, Waaree RTL posted a revenue of Rs 1,597.75 crore, reflecting an 82.29 per cent increase over the previous year. EBITDA rose 50.06 per cent to Rs 310.9 crore, with the margin easing to 19.46 per cent from 23.64 per cent. PAT stood at Rs 228.92 crore, growing 57.64 per cent year-on-year, though PAT margin declined to 14.33 per cent from 16.57 per cent in FY24.
Disclaimer: The article is for informational purposes only and not investment advice.