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Harsh Vardhan

23rd Jul · SEBI-Registered Analyst

$WAAREEENER

$WAAREEENER Waaree Energies is India’s largest solar PV module manufacturer and a key beneficiary of the country’s renewable energy transition. The company has built a strong integrated presence across solar modules, cells, EPC, energy storage, and green hydrogen, supported by aggressive capacity expansion and a large order book. For FY26, revenue grew ~84% to ₹26,537 crore, EBITDA rose 117% to ₹5,909 crore, and PAT more than doubled to ₹3,884 crore, reflecting strong execution and operating leverage. Latest News: Waaree recently secured an additional 212 MW international solar module order and its U.S. subsidiary won a 236 MW module supply contract, strengthening global growth visibility. The group also commissioned a 5.15 GWh battery energy storage facility, expanding beyond solar manufacturing into energy storage. These growth drivers position Waaree as a leading player in India's clean energy ecosystem with strong long-term earnings potential.

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