Waaree Energies share price jump over 7%; here is why

Shares of Waaree Energies jumped 7% higher at ₹2,993 apiece on the NSE, after the company announced a new order by its subsidiary.

Waaree Energies’ wholly owned subsidiary, Waaree Solar Americas, received an order on May 28, 2025, for the supply of 586 MW solar modules for an amount of $176 million from a renowned customer who is a developer and owner-operator of utility-scale solar and energy storage projects across the United States. The supply of modules is scheduled to commence from the Financial Year 2026-27.

As of FY25, the total orderbook for the company stood at ₹47,000 crore, with the current orderwin by its US-based arm, the consolidated order book stands over ₹48,000 crore

On a consolidated basis, the company has reported a 35.63% rise in its net profit at ₹644.47 crore for the fourth quarter ended March 31, 2025, as compared to ₹475.16 crore for the same quarter in the previous year. The total income of the company increased by 37.69% at ₹4140.92 crore for Q4FY25 as compared to ₹3007.44 crore for the corresponding quarter previous year.

For the year ended March 31, 2025, the company has reported a 55.11% jump in its net profit at ₹1781.17 crore as compared to ₹1148.35 crore for the previous year. The total income of the company increased by 20.63% at ₹13218.46 crore for the year under review as compared to ₹10957.67 crore for the year ended March 31, 2024.

Waaree Energies is primarily engaged in the business of manufacturing solar photovoltaic modules, setting up projects in the solar space and sale of electricity.