The shares of the corporate rose to Rs 2,965.60 apiece within the morning buying and selling hours, extending positive aspects for the third consecutive session.
“That is to tell you that Waaree Energies Restricted (‘the Firm’) has obtained an order on February 23, 2026, for the supply of 500 MW solar modules from a famend buyer who’s a solar energy developer and engaged within the enterprise of an Impartial Energy Producer,” the corporate stated in a inventory change submitting on Monday.
The order is a one-time contract for the monetary yr 2026–27, below which the corporate will supply the whole 500 MW of solar modules inside the timeline specified within the settlement. The contract has been awarded by a home entity.
In a separate improvement final week, the corporate stated it’s in talks with the federal government of Andhra Pradesh and sure different state governments to arrange the proposed greenfield manufacturing facility of Lithium-Ion Superior Chemistry Storage Cells and Battery Vitality Storage Techniques (BESS).
The transfer is a part of the corporate’s plans to extend capability from the prevailing 3.5 GWh to twenty GWh, with an extra capital expenditure of roughly Rs 8,000 crore in its wholly owned subsidiary, Waaree Vitality Storage Options Non-public Restricted (WESSPL). Its board had authorised the plans on October 1, 2025.
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Waaree Energies Q3 snapshot
Waaree Energies reported a 26% quarter-on-quarter rise in internet revenue to Rs 1,062 crore, in contrast with Rs 842 crore in Q2. Income for the quarter elevated 24.7% sequentially to Rs 7,656 crore from Rs 6,065 crore.
EBITDA in Q3 rose 37.2% quarter-on-quarter to Rs 1,928 crore from Rs 1,405 crore within the earlier quarter. EBITDA margin improved to 25.5% from 23.2%, indicating greater working leverage.
Waaree Energies share value has risen over 8% within the final 1 month.
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