Waaree Energies Ltd

In an exchange filing on July 16, Waaree said the deal was called off as both parties failed to finalise the terms of the definitive agreement within the stipulated timelines. The acquisition was originally announced on 19 May 2025, and was intended to be completed within the current financial year. The proposed transaction involved a 100% cash-based acquisition of Kamath Transformers, as part of Waaree Energies' expansion strategy. Kamath Transformers, established in May 1996, manufactures transformers and has seen a strong revenue growth, reporting Rs 25.73 crore in FY22, Rs 54.41 crore in FY23, and Rs 122.68 crore in FY24. 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, Waaree Energies' net profit rose 34.10% to Rs 618.91 crore while net sales rose 36.38% to Rs 4003.93 crore in Q4 March 2025 over Q4 March 2024. Powered by Capital Market - Live

The customer is a well-known developer of utility-scale solar and energy storage projects across the United States. The company will supply 270MW solar modules in 2025 & 270MW solar modules in 2027-2028. Waaree Energies is the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 15 GW for solar PV modules and 5.4GW for solar cells. With presence across India and more than 25 countries worldwide, we offer innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. The company reported 34.10% surge in consolidated net profit to Rs 618.91 crore in Q4 FY25 as against Rs 461.52 crore posted in Q4 FY24. Revenue from operations climbed 36.38% year on year (YoY) to Rs 4,003.93 crore in the quarter ended 31 March 2025.Powered by Capital Market - Live

The company will supply 270MW solar modules in 2025 & 270MW solar modules in 2027-2028. Waaree Energies is the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 15 GW for solar PV modules and 5.4GW for solar cells. With presence across India and more than 25 countries worldwide, we offer innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. The company reported 34.10% surge in consolidated net profit to Rs 618.91 crore in Q4 FY25 as against Rs 461.52 crore posted in Q4 FY24. Revenue from operations climbed 36.38% year on year (YoY) to Rs 4,003.93 crore in the quarter ended 31 March 2025. The counter rose 0.01% to end at Rs 2,947.85 on the BSE.Powered by Capital Market - Live

Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies, has received an order on 27 June 2025 for supply of 540MW solar modules from a renowned customer who is a developer and owner-operator of utility scale solar and energy storage projects across the United States.Powered by Capital Market - Live

The project is part of the inter-state transmission system (ISTS) and will facilitate the generation and transmission of clean energy. The power generated will be supplied to MPPMCL and Indian Railways, contributing to India's renewable energy targets. Waaree Energies is the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 15 GW for solar PV modules and 5.4GW for solar cells. With presence across India and 25+ countries worldwide, we offer innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. The company reported 34.10% surge in consolidated net profit to Rs 618.91 crore in Q4 FY25 as against Rs 461.52 crore posted in Q4 FY24. Revenue from operations climbed 36.38% year on year (YoY) to Rs 4,003.93 crore in the quarter ended 31 March 2025. Shares of Waaree Energies shed 0.35% to Rs 2,872.15 on the BSE.Powered by Capital Market - Live

Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies has received an order on 11 June 2025 for supply of 599 MW solar modules from a renowned customer who is a developer and owner-operator of utility scale solar and energy storage projects across the United States.Powered by Capital Market - Live

The orders were awarded by a renowned customer, a leading developer and owner-operator of utility-scale solar and energy storage projects across the United States. The order is a one-time contract for the supply of modules, with delivery scheduled for calendar year 2026. The promoter/promoter group/group companies have no interest in the entity that awarded the order(s)/contract(s). Additionally, the order(s) do not fall within the scope of related party transactions. Waaree Energies is the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 15 GW for solar PV modules and 5.4GW for solar cells. With presence across India and 25+ countries worldwide, we offer innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. The company reported 34.10% surge in consolidated net profit to Rs 618.91 crore in Q4 FY25 as against Rs 461.52 crore posted in Q4 FY24. Revenue from operations climbed 36.38% year on year (YoY) to Rs 4,003.93 crore in the quarter ended 31 March 2025. Powered by Capital Market - Live

Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies has received an order on May 28, 2025 for supply of 586 MW solar modules for an amount of 176 Mn USD from a renowned customer who is a developer and owner operator of utility scale solar and energy storage projects across the United States.Powered by Capital Market - Live

According to an exchange filing, Waaree Solar Americas received the order on 28 May 2025 for the supply of 586 MW of solar modules. The customer is a well-established developer and operator of utility-scale solar and energy storage projects across the United States. The delivery of solar modules under this contract is scheduled to commence in the financial year 2026'27. The company clarified that the contract does not involve any related party transactions and confirmed that neither the promoter, the promoter group, nor any group companies have any interest in the awarding entity. Waaree Energies is the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 15 GW for solar PV modules and 5.4GW for solar cells. With presence across India and 25+ countries worldwide, we offer innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. The company reported 34.10% surge in consolidated net profit to Rs 618.91 crore in Q4 FY25 as against Rs 461.52 crore posted in Q4 FY24. Revenue from operations climbed 36.38% year on year (YoY) to Rs 4,003.93 crore in the quarter ended 31 March 2025. Powered by Capital Market - Live

These shares represent around 52.3% of the company's outstanding equity. While the expiry allows these shares to be traded, it does not necessarily indicate that all will be offloaded immediately'trading depends on shareholder intent. On a consolidated basis, Waaree Energies net profit rose 35.63% to Rs 644.47 crore while revenue from operations climbed 36.38% to Rs 4,003.93 crore in Q4 March 2025 over Q4 March 2024. EBITDA soared 116.27% year-on-year to Rs 1,059.57 crore during the quarter. EBITDA margin improved to 25.59% in Q4 FY25 as against 16.29% recorded in the same quarter last year. Mumbai-based Waaree Energies is a renewable energy company. It operates manufacturing facilities with an installed capacity of ~15 GW for solar PV modules and 5.4 GW for solar cells. Powered by Capital Market - Live