Rs 47,000 Crore Order Book: Solar Modules Manufacturer Signs 150 MW Solar PPA, In Q4 Posted Net Profit Growth of 35.63 Per Cent
Despite short-term movement, the stock has gained 7.14 per cent in the last month, 35.34 per cent in the last three months, and 15.20 per cent over the past year.
Waaree Energies Limited, a major player in India’s renewable energy sector, has entered into a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited (RUMSL) and M.P. Power Management Company Limited (MPPMCL) for the supply of 150 megawatts (MW) of solar power. This agreement marks a key milestone in the company’s efforts to expand its clean energy footprint across India.
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The agreement follows a Letter of Award (LoA) issued in December 2024 to Waaree’s wholly-owned subsidiary, Waaree Forever Energies Private Limited (WFEL), for the development of a 170 MW solar power project in Madhya Pradesh. However, the project will now be executed directly by Waaree Energies. The clean energy produced will be supplied to both MPPMCL and Indian Railways through the Inter-State Transmission System (ISTS), aligning with national renewable energy targets.
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.
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 7.14 per cent in the last month, 35.34 per cent in the last three months, and 15.20 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.