Waaree Energies Secures 800 MW Solar Module Order, Reinforcing Renewable Energy Growth Momentum

Waaree Energies Ltd ($WAAREEENER) has secured a new order to supply 800 MW of solar modules to a leading domestic energy solutions provider, with execution scheduled during FY27. While the company has not disclosed the financial value of the contract or the customer's identity, the order further strengthens its position in India's rapidly expanding renewable energy sector. The company clarified that the transaction is not a related-party deal and that its promoters have no interest in the customer. As one of India's largest solar module manufacturers, Waaree continues to expand across the solar value chain, including module manufacturing, EPC services and renewable energy solutions. Management remains optimistic about future growth, supported by upcoming capacities in batteries, ingots, wafers and solar cells, and expects FY27 EBITDA to be in the range of ₹7,000 crore to ₹7,700 crore while maintaining margins of around 20%. The company also reported strong operational performance, with March quarter revenue rising to ₹1,102.4 crore from ₹476.6 crore a year earlier, EBITDA increasing 63.7% to ₹206.8 crore from ₹126.3 crore, and net profit growing 66.1% to ₹155.7 crore from ₹93.8 crore. However, EBITDA margin declined to 18.8% from 26.5%, mainly due to a sharp increase in EPC contract costs, which rose to ₹871 crore from ₹335 crore. The latest order reflects sustained demand for solar infrastructure and highlights Waaree's growing role in India's clean energy transition. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.