Waaree Energies Ltd

Waaree Energies today marked a significant milestone in India's journey toward energy security and manufacturing self-reliance with the groundbreaking ceremony for its upcoming integrated solar ingot and wafer manufacturing facility at Butibori, Nagpur. The facility will house 10 GW capacity each for solar ingots and wafers, establishing it as India's largest integrated ingot and wafer manufacturing complex. The project represents a major step toward strengthening India's upstream solar manufacturing ecosystem and building a more resilient domestic supply chain for the country's rapidly expanding solar sector. Spread across 300 acres and being developed with an investment of approximately Rs 6,200 crore, the facility will focus on the production of high-purity solar ingots and wafers, which form the critical foundation of the solar photovoltaic value chain. By strengthening domestic capabilities in these upstream components, the project will significantly reduce India's reliance on imported materials, enhance supply chain stability, and support the nation's long-term goal of achieving energy security through self-reliant clean energy manufacturing. Once operational, the facility is expected to generate over 8,000 direct and indirect employment opportunities, contributing to regional economic development, skill creation, and industrial growth in Maharashtra.Powered by Capital Market - Live

The Nifty 30 March 2026 futures closed at 25,624.90, a premium of 142.40 points compared with the Nifty's closing at 25,482.50 in the cash market. In the cash market, the Nifty 50 index gained 57.85 points or 0.23% to 25,482.50. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was down 4.68% to 13.49. Waaree Energies, Infosys and State Bank of India were the top-traded individual stock futures contracts in the F&O segment of the NSE. The March 2026 F&O contracts will expire on 30 March 2026. Powered by Capital Market - Live

SpiceJet Ltd, Websol Energy System Ltd, Premier Energies Ltd and Welspun Living Ltd are among the other losers in the BSE's 'A' group today, 25 February 2026.Waaree Energies Ltd tumbled 10.18% to Rs 2717.25 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 8.37 lakh shares were traded on the counter so far as against the average daily volumes of 87566 shares in the past one month.SpiceJet Ltd lost 9.99% to Rs 12.88. The stock was the second biggest loser in 'A' group.On the BSE, 1923.14 lakh shares were traded on the counter so far as against the average daily volumes of 127.55 lakh shares in the past one month.Websol Energy System Ltd crashed 7.33% to Rs 56.62. The stock was the third biggest loser in 'A' group.On the BSE, 5.29 lakh shares were traded on the counter so far as against the average daily volumes of 3.15 lakh shares in the past one month.Premier Energies Ltd fell 6.15% to Rs 730. The stock was the fourth biggest loser in 'A' group.On the BSE, 8.34 lakh shares were traded on the counter so far as against the average daily volumes of 1.11 lakh shares in the past one month.Welspun Living Ltd dropped 4.81% to Rs 127.7. The stock was the fifth biggest loser in 'A' group.On the BSE, 9.2 lakh shares were traded on the counter so far as against the average daily volumes of 4.4 lakh shares in the past one month.Powered by Capital Market - Live

On the BSE, Waaree Energies tumbled 11.45% to Rs 2,678.75. Premier Energies slipped 5.76% to Rs 733, while Vikram Solar declined 4.24% to Rs 177.50, as renewable energy counters witnessed sharp selling pressure amid heightened volatility. According to reports, the US Commerce Department has imposed preliminary countervailing duties of 126% on certain solar products imported from India, citing findings that Indian manufacturers benefited from unfair government subsidies. The department said these subsidies allowed exporters to offer products at prices that undercut American solar manufacturers, thereby distorting competition in the US market. The development triggered a sharp sell-off in domestic renewable energy stocks, with investors factoring in potential headwinds to export volumes and revenue growth. In addition to India, the US Commerce Department announced preliminary duties ranging between 86% and 143% on solar imports from Indonesia and 81% on imports from Laos.Powered by Capital Market - Live

Waaree Forever Energies, a wholly owned subsidiary of Waaree Energies has received intimation of Letter of Award (LoA) on 24 February 2026 from Solar Energy Corporation of India for development of 300MW Wind Power Project in Dwarka, Gujarat. Powered by Capital Market - Live

Waaree Energies has received an order on 23 February 2026 for supply of 500MW solar modules from a renowned customer who is a solar power developer and engaged in the business of Independent Power Producer.Powered by Capital Market - Live

The one-time order will be executed in FY2026'27. The contract has been awarded by a domestic entity. The company said the promoter or promoter group has no interest in the awarding entity, and the transaction does not fall under related party transactions. Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. The company reported a 115.64% year-on-year (YoY) jump in consolidated net profit to Rs 1,062.46 crore in Q3 FY26, compared with Rs 492.69 crore recorded in the same quarter last year. Revenue from operations soared 118.81% YoY to Rs 7,565.05 crore for the quarter ended 31 December 2025. Shares of Waaree Energies shed 0.27% to Rs 2,907.95 on the BSE.Powered by Capital Market - Live

Waaree Solar Americas Inc., a wholly owned subsidiary of Waaree Energies has received an order on 04 February 2026 for supply of 150MW solar modules from a renowned customer who is a solar power developer and engaged in the business of Independent Power Producer.Powered by Capital Market - Live

In an exchange filing, the company said the supply of the solar modules will be executed over the years 2026 and 2027. Waaree Energies clarified that none of its promoters or members of the promoter group have any interest in the entity awarding the contract. The company also confirmed that the transaction does not qualify as a related-party transaction and is fully compliant with applicable regulatory norms. Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. The company reported a 115.64% year-on-year (YoY) jump in consolidated net profit to Rs 1,062.46 crore in Q3 FY26, compared with Rs 492.69 crore recorded in the same quarter last year. Revenue from operations soared 118.81% YoY to Rs 7,565.05 crore for the quarter ended 31 December 2025. The counter rose 0.03% to 3,103 on the BSE. Powered by Capital Market - Live

Revenue from operations soared 118.81% YoY to Rs 7,565.05 crore for the quarter ended 31 December 2025. Profit before exceptional items and tax stood at Rs 1,763.80 crore in Q3 FY26, marking a growth of 155.69% from Rs 689.81 crore reported in Q3 FY25. The company reported an exceptional loss of Rs 294.78 crore during the quarter. EBITDA for the quarter stood at Rs 1,928.15 crore, registering a growth of 167.16% compared with Rs 721.73 crore in Q3 FY25. The EBITDA margin improved significantly to 25.49% in Q3 FY26 from 20.88% in the corresponding quarter last year. During the quarter, the company achieved module production of 3.51 GW, driven by strong operational execution. Cell production stood at 0.75 GW in Q3 FY26. On a nine-month basis, Waaree Energies' consolidated net profit jumped 112.27% YoY to Rs 2,650.21 crore, while revenue increased 72.94% YoY to Rs 18,056.52 crore in 9M FY26 compared with the same period last year. Amit Paithankar, Whole Time Director & CEO, Waaree Energies, said, 'Waaree Energies has delivered another exceptional quarter, with Q3 FY26 marking record revenue and profitability. Over the nine months, we have achieved significant growth in both topline and EBITDA, reflecting the resilience of our business model and the trust our customers place in us. I am pleased to share that Waaree is First Indian Manufacturer to achieve 1 GW+ of module production and sales in single month with 52 modules produced per minute. We have secured a record order inflow, strengthening our order book of around Rs 60,000 crore ensuring sustained visibility for the years ahead. Also, we have secured bankable PPAs backed by land and connectivity. We are accelerating our transformation into an integrated clean energy solutions provider by strengthening adjacencies across BESS, inverter, transformer, Renewable Power Infrastructure and green hydrogen electrolyser creating a resilient and future-ready portfolio. Additionally, our recent acquisition strengthens our supply chain by ensuring secure and fully traceable access to polysilicon, supporting Waaree's rapidly expanding manufacturing footprint in the U.S.A. and global markets. With disciplined execution, prudent capital allocation and strategic diversification, we are confident of closing FY26 on a strong note. Waaree is on track to achieve its EBITDA target of Rs 5,500'6,000 crore while creating long-term value for stakeholders and contributing meaningfully to India's clean energy transition.' Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. Powered by Capital Market - Live