Waaree Renewable Technologies Ltd

Sterlite Technologies Ltd, Godfrey Phillips India Ltd, Mishra Dhatu Nigam Ltd and TVS Holdings Ltd are among the other gainers in the BSE's 'A' group today, 15 July 2025.Waaree Renewable Technologies Ltd spiked 13.04% to Rs 1102.55 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 4.2 lakh shares were traded on the counter so far as against the average daily volumes of 48678 shares in the past one month. Sterlite Technologies Ltd soared 8.95% to Rs 113.2. The stock was the second biggest gainer in 'A' group. On the BSE, 9.63 lakh shares were traded on the counter so far as against the average daily volumes of 31.96 lakh shares in the past one month. Godfrey Phillips India Ltd surged 8.20% to Rs 9781.6. The stock was the third biggest gainer in 'A' group. On the BSE, 42637 shares were traded on the counter so far as against the average daily volumes of 10071 shares in the past one month. Mishra Dhatu Nigam Ltd added 7.96% to Rs 433.35. The stock was the fourth biggest gainer in 'A' group. On the BSE, 9.01 lakh shares were traded on the counter so far as against the average daily volumes of 79334 shares in the past one month. TVS Holdings Ltd gained 5.96% to Rs 12194.85. The stock was the fifth biggest gainer in 'A' group. On the BSE, 614 shares were traded on the counter so far as against the average daily volumes of 364 shares in the past one month. Powered by Capital Market - Live

Waaree Renewable Techs. will hold a meeting of the Board of Directors of the Company on 17 July 2025.Powered by Capital Market - Live

The company shall develop the ground mount solar power project including operation and maintenance (O&M) 21 MW AC /29.4 MW DC capacity. This project will be executed under Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0). The project is scheduled to be completed in the financial year 2025- 26, as per the terms of the order. Waaree Renewable Technologies (WRTL) is a subsidiary company of Waaree Group and is spearheading the solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open-access solar plants). The company's consolidated net profit jumped 82.7% to Rs 93.81 crore on a 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The counter shed 0.94% to settle at Rs 989.10 on the BSE.Powered by Capital Market - Live

According to an exchange filing, the company will undertake the project on a turnkey engineering, procurement, and construction (EPC) basis. The final contract value and execution timeline will be mutually decided at a later stage, following the signing of a definitive agreement between the two parties. The company further clarified that the transaction does not involve any related parties. Neither the promoter, promoter group, nor any group companies have any interest in Viet Khanh or the project. Waaree Renewable Technologies (WRTL) is a subsidiary company of Waaree Group and is spearheading the solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open-access solar plants). The company's consolidated net profit jumped 82.7% to Rs 93.81 crore on a 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The counter rose 0.32% to Rs 988 on the BSE. Powered by Capital Market - Live

The order pertains to a 2,012.47 megawatt peak (MWp) ground-mounted solar PV project, and all existing terms and conditions of the original contract remain unchanged. In a regulatory filing, the company confirmed it received the revised scope of work under the same contract on June 20, 2025. The project continues to be executed for a domestic entity. The project execution timeline is expected to be decided mutually. This enhancement in scope follows Waaree's original announcement in November 2024 about securing the commercial contract for the large-scale renewable energy project. The company clarified that the contract does not fall under related party transactions and that the promoters or group companies have no vested interest in the client entity. Waaree Renewable Technologies (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). The company's consolidated net profit jumped 82.7% to Rs 93.81 crore on 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The scrip rallied 4.37% to settle at Rs 984.80 on Friday, 20 June 2025. Powered by Capital Market - Live

The new contract is valued at approximately Rs 346.33 crore. The project, awarded by a domestic renewable generation company, involves the development of a ground-mount solar power plant with a capacity of 300 MW AC / 435 MW DC. Waaree Renewable Technologies is tasked with completing the project within the financial year 2025-26, as per the terms stipulated in the LoA. Waaree Renewable Technologies (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). The company's consolidated net profit jumped 82.7% to Rs 93.81 crore on 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. Powered by Capital Market - Live

Waaree Renewables Technologies has been awarded Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works of solar power project of 300 MW AC/435 MW DC capacity. The value of the order is Rs 346.33 crore. Powered by Capital Market - Live

The subsidiary has been incorporated to generate, accumulate, transmit, distribute, purchase, sell and supply electricity power or any other energy from non-conventional energy sources on a commercial basis. It will also construct, establish, operate, and maintain energy generation stations and plants across the country. In addition, the company will engage in managing, owning, controlling, erecting, commissioning, operating, running, leasing or transferring to third person/s, power plants based on non-conventional energy sources i.e. solar, wind, mechanical, electrical and Hydel. It will also act as an engineering, procurement, and construction (EPC) contractor for such power projects. Sunsational Power will also setup solar parks and renewable energy systems anywhere in India. The company has subscribed to a share capital of Rs 1 lakh, divided into 10,000 shares of Rs 10 each, holding a 100% stake in Sunsational Power. However, certificate of incorporation is awaited. Waaree Renewable Technologies (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). The company's consolidated net profit jumped 82.7% to Rs 93.81 crore on 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The scrip declined 2.10% to end at Rs 1,021.55 on Tuesday, 20 May 2025.Powered by Capital Market - Live

Waaree Renewable Technologies has been awarded Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works of solar power project including Operation and Maintenance (O&M) of 94 MW AC/131.6 MW DC capacity. This project will be executed under Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0). The order is valued at Rs 114.23 crore. Powered by Capital Market - Live

However, revenue from operations jumped 74.37% year-on-year (YoY) to Rs 476.58 crore in the quarter ended 31 March 2025. Profit before exceptional items and tax was at Rs 125.18 crore in Q4 FY25, registering growth of 73.66% from Rs 72.08 crore recorded in Q4 FY24. The company reported an exceptional loss of Rs 4.02 crore during the quarter. The company's EBITDA increased by 67.79% to Rs 126.33 crore in Q4 FY25, compared to Rs 75.29 crore in Q4 FY24. However, the EBITDA margin decreased to 26.51% in Q4 FY25, down from 27.55% in Q4 FY24. Total expenses spiked 75.25% to Rs 356.25 crore in Q4 FY25 as compared to Rs 203.28 crore reported in Q4 FY24. Cost of EPC contracts stood at Rs 334.96 crore (up 76.25% YoY). While employee benefit expenses stood at Rs 7.50 crore (up 50.90% YoY) during the period under review. On the segmental front, revenue from EPC contracts stood at Rs 469.72 crore (up 76.28% YoY), while revenue from power sales stood at Rs 6.86 crore, remaining flat YoY during the quarter. On full year basis, the company's consolidated net profit jumped 57.70% to Rs 229.16 crore on 82.28% increase in revenue to Rs 1,597.75 crore in FY25 over FY24. Meanwhile, the company's board has approved the appointment of Sudhir Arya as an Additional Director of the company, effective Wednesday, 16th April 2025, subject to the approval of the members of the company. Further, the board has also approved the change in designation of Sunil Rathi from Non-Executive Director to Executive Director, on terms and conditions as may be decided by the Board, effective Wednesday, 16th April 2025, subject to the approval of the members of the company. Furthermore, the board has approved the appointment of Manmohan Sharma as the Chief Financial Officer of the company, effective Wednesday, 16th April 2025. Additionally, the board has accepted the resignation of Mitul Mehta as an Independent Director of the company, with effect from the close of business hours on 16th April 2025. Manmohan Sharma, CFO, Waaree Renewable Technologies said, 'We are pleased to report a revenue of Rs 1,597.75 crore for FY25, compared to Rs 876.50 crore in FY24, reflecting an impressive growth of 82.29%, significantly outpacing India's solar sector growth in the same period. This performance underlines the strength of our integrated business model, execution capabilities, and deep understanding of the renewable energy ecosystem. As of March 2025, India's total renewable energy capacity reached 220.10 GW, with solar contributing 105.65 GW. The government aims to achieve 500 GW of renewable energy by 2030, including 280 GW from solar, driving rapid sector growth and creating opportunities for expansion and innovation. This shift is being fueled by supportive policies and advances in clean energy technologies, along with rising demand in the C&I, utility-scale, and hybrid project segments. Recognising the evolving needs of the energy landscape, we have expanded our capabilities into Battery Energy Storage System (BESS) EPC solutions, further strengthening our position as a comprehensive clean energy player, backed by a robust order book of 3.2 GW in Solar EPC and 40 MWh in BESS EPC, we are well-positioned to deliver large-scale, next-generation projects. We remain well-positioned, operationally resilient, and committed to driving the energy transition with high-quality, sustainable solutions. With innovation and sustainability at the core of our business, we are confident in our ability to create long-term value for all stakeholders.' Waaree Renewable Technologies, a subsidiary of Waaree Group, is a leading solar EPC company based in Mumbai. In addition to EPC services, they also develop, finance, construct, own, and operate solar projects, focusing on commercial and industrial customers. Powered by Capital Market - Live