Waaree Energies shares in focus on order win from 'a leading solar developer'

Shares of Waaree Energies Limited are in focus today after the green energy firm said it has received an order on September 21, 2026 for supply of 2 GW solar modules from a renowned customer who is a leading solar developer. In the previous session, Waaree Energies stock ended 1.35% lower at Rs 2501 against the previous close of Rs 2535.10. Market cap of the firm stood at Rs 71,941 crore.

Total 0.22 lakh shares of the firm changed hands amounting to a turnover of Rs 5.54 crore. The order is for supply of solar modules. A domestic entity has awarded the order. The nature of the order is one time. The order is for the supply of 2 GW Solar modules in financial year 2026-27 and 2027-28.

Q1 earnings 

Waaree Energies logged a 14% rise in its consolidated net profit at Rs 850 crore in the first quarter of the financial year 2026-27 (Q1 FY27) as against Rs 745 crore in the same period last year.

Revenue from operations rose 79% in Q1 to Rs 7,932 crore as compared to Rs 4,426 crore on a year-on-year (YoY) basis.

Earnings before interest, taxes, depreciation & amortisation (EBITDA) in Q1 rose 44% to Rs 1,440 crore in Q1 FY27 from Rs 997 crore in the corresponding quarter for the previous fiscal year.

EBITDA margin for the quarter, however, contracted to 18.15% in the reporting quarter in contrast to 22.53% YoY.

Waaree Energies is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW. Its product portfolio includes solar energy products consisting of the PV modules such as multicrystalline modules; Monocrystalline modules; and TopCon modules.