Waaree Energies Ltd

Waaree Energies Ltd. announced today, August 01, 2026, that it has secured an order for the supply of 739.71 MW of solar modules from a leading domestic renewable energy solutions provider. The order, a one-time contract, will be fulfilled over the fiscal years 2026-27 and 2027-28, with the commercial consideration reflecting the supply of the aforementioned solar modules. The company confirmed that neither promoters, promoter groups, nor group companies have any interest in the entity awarding the order, and the transaction does not constitute a related party transaction.

Net profit of Waaree Energies rose 14.09% to Rs 850.22 crore in the quarter ended June 2026 as against Rs 745.20 crore during the previous quarter ended June 2025. Sales rose 79.22% to Rs 7931.79 crore in the quarter ended June 2026 as against Rs 4425.83 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales7931.794425.83 79 OPM %18.1522.53 - PBDT1540.361125.42 37 PBT1210.38943.36 28 NP850.22745.20 14 Powered by Capital Market - Live

Waaree Energies Ltd. announced consolidated revenue of Rs 7,931.79 crore for the quarter ended June 30, 2026, a 79.22% year-over-year increase, alongside an operating EBITDA of Rs 1,439.92 crore, up 44.38% year-over-year, and a profit after tax of Rs 891.87 crore, growing 15.39% year-over-year; the company achieved module production of 3.24 GW, and has a total order book of approximately Rs 61,500 crore, while also completing the acquisition of a 55% equity stake in Associated Power Structures Private Limited to enhance power infrastructure capabilities.

Waaree Energies will hold a meeting of the Board of Directors of the Company on 29 July 2026.

Waaree Energies has received an order  for supply of 212 MW solar modules from a renowned customer that owns and manages utility-scale renewable power projects. This order is incremental to the existing 350 MW order received from the customer, thereby increasing the total order capacity to 562 MW.

The latest order is incremental to the existing 350 MW order received from the same customer, taking the total order capacity to 562 MW. The supply of the 212 MW solar modules is scheduled for execution during FY2026-27. The company said the order does not constitute a related-party transaction. It also clarified that neither its promoters nor members of the promoter group have any interest in the award of the contract. Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. On a consolidated basis, the company reported a 71.4% YoY jump in net profit to Rs 1,061.10 crore in Q4 FY26, compared with Rs 618.91 crore in the same quarter last year. Revenue from operations surged 111.8% YoY to Rs 8,480.25 crore for the quarter ended 31 March 2026. Shares of Waaree Energies rose 0.17% to Rs 2,835 on the BSE. Powered by Capital Market - Live

Waaree Energy Storage Solutions (Waaree ESS), a subsidiary of Waaree Energies, today announced the commencement of its Battery Energy Storage System (BESS) Container Manufacturing Facility. This BESS Container Manufacturing facility is of 5.15 GWh - uprated from an originally planned 3.5 GWh, driven by debottlenecking of production throughput and improved energy density of battery cells. The facility is equipped with advanced Industry 4.0 technologies, Automated Guided Vehicles (AGVs), intelligent material handling, automated assembly lines, and advanced testing and quality assurance systems.  The BESS container facility is the first milestone in Waaree ESS's manufacturing roadmap of 20 GWh. In the current financial year, the company intends to operationalize below facilities: 5.15 GWh of Battery Pack Manufacturing -uprated from an originally planned 3.5 GWh, driven by debottlenecking of production throughput and improved energy density of battery cells 3.5 GWh of Lithium Cell Manufacturing

According to the company's exchange filing, Waaree Solar Americas Inc. received the one-time order from a renowned customer that develops and manages sustainable infrastructure solutions, particularly in the renewable energy sector. The contract involves the supply of 236.22 MW solar modules, with deliveries scheduled during the first and second quarters of FY2027-28. The company said the order has been awarded by an international entity and is not a related-party transaction. Neither the promoter nor the promoter group has any interest in the customer. Separately, Waaree Energies clarified that a recent determination by the U.S. Customs and Border Protection (CBP) has no impact on its ongoing manufacturing, customer deliveries or commercial operations. The company said the findings were limited to a narrow subset of historical import entries and did not conclude that it had exported solar modules made using Chinese-origin solar cells to the United States. Waaree added that the CBP acknowledged its full cooperation, drew no adverse inference against the company and declined to make an evasion finding covering all of its imports. It also said the determination is not final and that it is evaluating available legal remedies. A domestic brokerage retained its 'Add' rating on the stock with a target price of Rs 3,185, saying the downside appears limited as the findings were restricted to certain historical import entries and did not affect the company's ongoing U.S. operations. Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. On a consolidated basis, the company reported a 71.4% YoY jump in net profit to Rs 1,061.10 crore in Q4 FY26, compared with Rs 618.91 crore in the same quarter last year. Revenue from operations surged 111.8% YoY to Rs 8,480.25 crore for the quarter ended 31 March 2026. Shares of Waaree Energies rose 0.26% to Rs 2,893.75 on the BSE.Powered by Capital Market - Live

Waaree Solar Americas Inc, a wholly owned subsidiary of Waaree Energies, has received an order on 29 June 2026 for supply of 236.22 MW solar modules from a renowned customer who develops and manages sustainable infrastructure solutions, particularly in renewable energy.

The company clarified that the CBP investigation did not find that it had exported solar modules made using Chinese-origin solar cells to the United States. It said the determination was limited to a narrow subset of historical import entries and has no impact on its ongoing manufacturing, customer deliveries or commercial operations. Waaree said the CBP confirmed that the company had fully cooperated throughout the investigation, drew no adverse inference against it and declined the petitioner's request to make an evasion finding covering all of its imports. The company added that the determination is not a final adjudication and that it is evaluating all available legal remedies, including administrative and judicial review. The clarification follows a CBP determination issued on 23 June 2026 in an investigation into the alleged evasion of anti-dumping and countervailing duties. A domestic brokerage said the CBP's observation of a four-year history of reporting the wrong country of origin could weigh on Waaree's reputation and potentially impact a significant portion of its Rs 53,000 crore order book. However, the brokerage said the downside appears limited as the CBP confirmed that Waaree had sufficient non-Chinese solar cell production to support its US shipments, did not apply a blanket adverse-inference ruling and restricted its findings to certain historical import entries linked to Vietnam and Malaysia. The brokerage retained its 'Add' rating on the stock with a target price of Rs 3,185. It said the key monitorables include the quantum of any retrospective duties, the outcome of Waaree's administrative or judicial appeal, and any spillover impact from the pending anti-dumping and countervailing duty proceedings covering India-origin solar imports. Waaree reiterated that its US business continues to operate normally and that it remains committed to regulatory compliance, transparency and governance. Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. On a consolidated basis, the company reported a 71.4% YoY jump in net profit to Rs 1,061.10 crore in Q4 FY26, compared with Rs 618.91 crore in the same quarter last year. Revenue from operations surged 111.8% YoY to Rs 8,480.25 crore for the quarter ended 31 March 2026. Powered by Capital Market - Live