Waaree Energies Share Price Drops 7.04% on January 22, 2025

Waaree Energies Ltd has been in focus on Wednesday. On January 22, 2025, Waaree Energies share price opened at ₹2,680.00, down from its previous close of ₹2,673.40. At 11:14 AM, the share price of Waaree Energies was trading at ₹2,485.10, down by 7.04% on the NSE. As of the same time, the stock price touched its day’s low so far at ₹2,461.75.

Recent Developments

Earlier this week, on January 20, 2025, the company announced that it has received a Letter of Award for the supply of 180 MWp solar modules from a prominent customer in India’s renewable power sector.

This one-time order involves the supply of solar photovoltaic (PV) modules, with the delivery scheduled to begin in FY 2025-26. The customer is a key player engaged in the ownership, development, and operation of renewable energy projects across India.

This order further strengthens the company’s position in the growing solar energy market and contributes to India’s renewable energy targets. The commercial size of the order underscores the company’s expanding footprint in the sector.

Q2 and H1 FY 2025 Financial Highlights

For Q2 FY25, the company reported a total income of ₹36,634.63 million, a 2.95% year-on-year increase compared to ₹35,585.47 million in Q2 FY24. EBITDA for the quarter stood at ₹6,139.37 million, reflecting a significant growth of 14.01% compared to ₹5,385.09 million in the same quarter last year. Profit After Tax (PAT) also saw a growth of 17.35%, rising to ₹3,756.59 million from ₹3,201.21 million in Q2 FY24.

For H1 FY25, the company achieved a total income of ₹71,598.76 million, up by 2.67% from ₹69,735.45 million in H1 FY24. EBITDA for the first half of FY25 stood at ₹12,539.26 million, marking a 14.74% increase from ₹10,928.05 million in H1 FY24. PAT for H1 FY25 was ₹7,767.84 million, up by 17.98% from ₹6,583.94 million in the previous year.

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