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28th Aug · SEBI-Registered Analyst

Waaree Engineering Latest Updates

WAAREEENER
Financial Performance: Waaree Energies reported strong financial results for the quarter ended June 30, 2025. The company's net profit surged by nearly 93% to ₹773 crore, while its total income increased to ₹4,597 crore. Project Orders: The company has recently secured several new project orders. In June 2025, its subsidiary, Waaree Renewable Technologies, secured a significant EPC (Engineering, Procurement, and Construction) order for a 300 MW AC / 435 MW DC ground-mounted solar project in Rajasthan, valued at over ₹345 crore. The company also signed a memorandum of understanding (MoU) with Viet Khanh Joint Stock Company for a 100 MW solar EPC project in Vietnam. Business Expansion: Waaree Energies is expanding its global reach. In August 2025, Waaree Solar Americas, the company's US arm, secured a 452 MW solar module supply order. The company is also exploring and reviewing potential acquisitions, such as a possible deal with Enel Green Power. Regulatory & Market Developments: The company has been impacted by global trade developments. In August 2025, the U.S. Department of Commerce launched anti-dumping and subsidy probes into solar cells from India, which led to a temporary dip in the company's stock price.

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