Waaree Energies' stock advances 2% on winning supply order for 1,500 MW solar modules

The stock was trading 0.09% higher at ₹2,983 per equity share, at around 1:37 pm.

The scrip has lost over 3% in the past week and nearly 6% over the month. On a year-to-date basis, it has gained more than 4%.

While the stock hit a 52-week high of ₹3,865 on September 12, 2025, it touched a year’s low of ₹1,863 per unit on April 7, 2025.

In a regulatory filing, the company stated that it received an order for the supply of 1,500 megawatts (MW) solar modules, including 1,000 MW of Domestic Content Requirement (DCR) and 500 MW of non-DCR solar modules.

The one-time contract was awarded by a “renowned customer who is engaged in the business of power generation, transmission and distribution” for supply in the 2026-27 financial year (FY27).

Waaree Energies CEO resigns

In a regulatory filing on December 29, the renewable energy player said that its CEO, Amit Paithankar, resigned from the company.

The firm stated that its board has accepted his resignation and approved the appointment of Jignesh Rathod as the next CEO.

The board agreed to relieve Paithankar with effect from May 15, 2026, or such earlier date as may be mutually agreed.

It further approved the appointment of Rathod as Chief Executive Officer and Key Managerial Personnel with effect from May 16, 2026, or such earlier date as may be notified, consequent upon earlier relieving of Paithankar as WTD & CEO, the filing stated.

Q2 results

The firm posted more than a two-fold annual increase in its consolidated net profit to ₹871.21 crore in the September quarter of FY26, compared to ₹375.66 crore it clocked in the year-ago period.

Its total income surged 69.9% year-on-year (YoY) to ₹6,226.54 crore during the quarter under review, as against ₹3,663.47 crore in the second quarter of FY25.

Waaree Energies has a total market capitalisation of ₹85,803.28 crore, as of December 31, 2025, according to data on the NSE.