Waaree Energies shares in focus: Firm to pare 2.4% stake in Indosolar via OFS; check key details

Waaree Energies is a promoter company of cell module manufacturer Indosolar Limited.

"Being the promoter, Waaree Energies Limited proposes to sell 10,00,000 equity shares of Indosolar Limited (representing 2.40% of its issued and paid-up capital) in order to comply with the minimum public shareholding ("MPS") requirement," Indosolar said in the filing.

The proposed sale is being undertaken at BSE and NSE through an offer for sale (OFS) sale mechanism on July 10 and 11.

Promoters hold a 96.15% stake in Indosolar Ltd, while public shareholders have a 3.85% stake in the company as of March 31, 2025.

In June 2025, home-grown Waaree Energies secured a fresh order for the supply of 599 megawatt (MW) solar modules in the US, taking the company's total orders to over 1,200 MW during the first quarter of FY26.

The order has been secured through its US-based entity Waaree Solar Americas, which had earlier bagged a contract for 586 MW of solar modules.

"Waaree Solar Americas Inc secures 599 MW order in the US, surpassing 1,200 MW+ in new deals for FY25-26 Q1, underscoring resilience and growing momentum in the American market," Waaree Energies said in a statement.

The modules will be supplied to a leading US-based independent power producer (IPP).

Waaree Energies Q4 FY25 Results

Waaree Energies said its net profit grew over two-fold to ₹648.49 crore in the quarter ended March 31, supported by higher revenues.

The company's revenue for the quarter under review stood at ₹4,140.92 crore, a growth of 37.69% year-on-year, the company said in a statement.

"Profit after tax (PAT) of ₹648.49 crore reported a substantial growth of 254.49% year-on-year (YoY)," the company said.

For the full FY25, the company's PAT was at ₹1,932.15 crore, a rise of 107.08% on a year-on-year basis.

Revenue for the year stood at ₹14,846.06 crore, reporting a year-on-year growth of 27.62%.