Waaree Energies share price hit an 11-month high of ₹3,597.65 on the Bombay Stock Exchange (BSE) today. The stock gained 3.5% in intraday trade on a day when the overall market was mostly flat. This rise marks the third consecutive day of gains for Waaree Energies, with the share price climbing 13% over this period.
Waaree Energies shares are trading close to their all-time high of ₹3,740.45, recorded on November 6, 2024. The stock has almost doubled from its 52-week low of ₹1,808.65 seen in April 2025. Currently, the stock is trading at ₹3,712, which is 139% higher than its issue price of ₹1,503 when it debuted on October 28, 2024.
In the first quarter of fiscal year 2026 (Q1FY26), Waaree Energies reported its best-ever quarterly module production of 2.3 gigawatts (GW). The company’s revenue reached ₹4,597.18 crore, up 31.48% compared to the same quarter last year.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 82.61% to ₹1,168.67 crore, with profit margins improving from 18.3% to 25.42%. Profit after tax also rose by 92.68%, reaching ₹772.89 crore.
Waaree has a robust order book of about ₹49,000 crore, including domestic, export, and franchisee orders, ensuring steady revenue in the future. The company secured new orders worth 2.23 GW in the US last quarter, driven by growing demand from AI data centres, reshoring manufacturing, and the electrification of transportation.
The management remains optimistic about the long-term demand for solar energy in both India and the US, calling it a “multi-decadal opportunity.”
The global solar market is expected to grow at an annual rate of 23.2%, with India’s market growing at 16% through 2029. Government policies like the Production-Linked Incentive (PLI) scheme, PM-KUSUM, and PM-Surya Ghar Muft Bijli Yojana provide strong support for solar growth. These initiatives, along with import duties and export opportunities, make Waaree Energies well-positioned in the growing solar industry.
Read more: BSE Share Price in Focus As SEBI Considers Ending Weekly Expiry Contracts.
Waaree Energies is showing strong growth backed by excellent quarterly results, a large order book, and supportive government policies. With its share price near record highs and strong market potential, the company is well-placed to benefit from the expanding solar energy market both in India and abroad.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Sep 11, 2025, 2:10 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
