Rs 47,000 Crore Order Book: Solar Modules Manufacturer Secures 540 MW U.S. Solar Module Order
Despite short-term movement, the stock has gained 5.16 per cent in the last month, 20.12 per cent in the last three months, and 17.20 per cent over the past year.
Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies Limited, has announced the receipt of a significant order for the supply of 540 megawatts (MW) of solar modules. The order was awarded by a renowned customer in the United States, identified as a leading developer and owner-operator of utility-scale solar and energy storage projects across the country.
The contract, classified as a one-time international order, stipulates the supply of 270 MW of solar modules in the year 2025, with an additional 270 MW to be supplied during the 2027-2028 period. This substantial agreement underscores Waaree's growing presence and capabilities in the international solar market, particularly within the crucial U.S. renewable energy sector.
As of Q1FY26, Waaree Energies holds a strong order book worth Rs 47,000 crore. Of this, 43 per cent of the projects are from domestic clients, while the remaining 57 per cent are from international markets, reflecting the company’s growing global presence.
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On the financial front, Waaree Energies reported robust results for the quarter ending March 2025. Revenue from operations grew by 36.38 per cent year-on-year to Rs 4,003.93 crore, up from Rs 2,935.84 crore in Q4FY24. Profit after tax (PAT) also rose by 35.63 per cent to Rs 644.47 crore compared to Rs 475.16 crore in the same quarter last year. The performance reflects improved operational efficiency and strong demand in the solar energy sector.
For the full year FY25, the company posted revenue from operations of Rs 14,444.50 crore, a rise of 26.73 per cent from Rs 11,397.61 crore in FY24. Annual PAT jumped by 51.30 per cent to Rs 1,928.13 crore from Rs 1,274.38 crore, highlighting consistent execution and business growth.
Despite short-term movement, the stock has gained 5.16 per cent in the last month, 20.12 per cent in the last three months, and 17.20 per cent over the past year.
Waaree Energies is India’s largest solar panel manufacturer, with a manufacturing capacity of 12 GW. The company offers a wide range of solar solutions, including solar PV modules, EPC services, project development, and rooftop solutions, catering to residential, commercial, industrial, and utility-scale clients.
Disclaimer: The article is for informational purposes only and not investment advice.