Waaree Energies Ltd

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

Revenue from operations climbed 36.38% year on year (YoY) to Rs 4,003.93 crore in the quarter ended 31 March 2025. Total income was at Rs 4,140.92 crore in the March 2025 quarter, registering a growth of 37.68% YoY. Profit before exceptional items and tax was at Rs 849.48 crore in Q4 FY25, registering growth of 131.85% from Rs 366.38 crore recorded in Q4 FY24. The company reported an exceptional loss of Rs 4.02 crore during the quarter. The company's EBITDA soared by 116.27% to Rs 1,059.57 crore during the quarter from Rs 489.94 crore recorded in same quarter last year. EBITDA margin improved to 25.59% in Q4 FY25 as against 16.29% recorded in the same quarter last year. Production was 2.06 GW in Q4 FY25, reflecting a 52.59% growth compared to 1.35 GW in Q4 FY24, a result of strong operational focus, the company stated. As of 31 March 2024, the company's order book stands at 25 GW and the order book value stands at around Rs 47,000 crore. On a full-year basis, the company's consolidated net profit soared 50.93% to Rs 1,867.39 crore on 26.73% increase in total income to Rs 14,444.50 crore in FY25 over FY24. Amit Paithankar, whole time director & CEO, Waaree Energies, said, 'FY25 marks a pivotal inflection point in Waaree's journey- a year where our strategy, scale, and execution converged to deliver industry-leading EBITDA performance of Rs. 3,123.20 crore. This performance underscores the strength of our execution capabilities and the quality of order book, with centred focus on margins. We see encouraging demand trends, which bodes well for future growth. Waaree is focused on both backward and forward integration, reflected in our expansion and investment plans including cell, ingot and wafer manufacturing, battery energy storage system, power infrastructure and inverters. Our 1.6 GW module manufacturing facility is operational in Brookshire, Texas, USA. This reinforces our commitment to the American market and underlines our local-for-local manufacturing philosophy. Our strategy of local manufacturing and supply chain management will help us navigate through the changing policy environment Furthermore, our EBITDA outlook for FY26 stands at Rs 5,500 crore to Rs 6,000 crore. The quality of our order book and execution capabilities will enable us to achieve these numbers.' 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. Powered by Capital Market - Live