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Waaree Energies Surges to 11-Month High on $6.8B Order Book
11 Sep
Summary
- Waaree Energies shares hit 11-month high, up 13% in 3 days
- Company has a strong order book of ~₹49,000 crore ($6.8 billion)
- Robust Q1FY26 results with 31.5% YoY revenue growth, 92.7% YoY profit rise
As of September 11, 2025, Waaree Energies, India's leading solar photovoltaic (PV) module manufacturer, has seen its share price hit an 11-month high of ₹3,597.65 on the BSE, gaining 3.5% in intraday trading. This surge in the company's stock price comes on the back of a healthy business outlook, with Waaree Energies reporting a strong order book position and robust financial performance in the recent quarter.
According to the article, Waaree Energies had a substantial pending order book of approximately ₹49,000 crore (around $6.8 billion) as of Q1FY26, providing the company with robust revenue visibility and a strong foundation for future growth. This order book includes domestic orders, export orders, and franchisee orders, showcasing the company's strong market presence and growing demand for its solar PV modules.
In the April-June 2025 quarter (Q1FY26), Waaree Energies achieved its highest-ever quarterly module production of 2.3 gigawatts (GW), driven by strong operational focus. The company's financial performance also remained impressive, with revenue growing 31.48% year-on-year (YoY) to ₹4,597.18 crore, and profit after tax surging 92.68% YoY to ₹772.89 crore.
The management of Waaree Energies remains optimistic about the company's growth prospects, stating that the demand outlook in both India and the US remains secular and long-term in nature. The global solar market is projected to grow at a compound annual growth rate (CAGR) of 23.2%, while India's solar market is expected to expand at around 16% through 2029, providing ample opportunities for Waaree to consolidate its market leadership.
