A vitality options supplier has secured a brand new contract for superior solar energy tools, together with a high-capacity hybrid inverter system and a number of battery units. The order, positioned by a buying and selling firm, highlights the rising demand for renewable vitality options, with supply anticipated inside a 4-6 week timeframe.
Share Worth Motion
The share worth of Waaree Applied sciences Restricted hit a 5 p.c decrease circuit to Rs. 382.15 per share on Friday, a lower from its earlier shut of Rs. 402.25 per share. The market capitalisation now stands at roughly Rs. 411.50 crore as of January 10, 2025.
What occurred ?
The corporate has acquired an order to produce 1 set of 10kW, 3-P Hybrid Photo voltaic Inverters and 10 units of batteries from a buyer engaged in buying and selling actions, to be delivered in 4 to six weeks.
Monetary Highlights
In response to its latest submitting, within the half yr ending September 30, 2024, the income for H1FY24 was Rs. 13.50 crore, considerably larger than H1FY25’s Rs. 5.60 crore, displaying a pointy decline of 58 p.c . The identical could be seen in H2FY25 income, which is Rs. 15.05 crore, a decline of 62.7 p.c.
The corporate reported a lack of Rs. 1.99 crore in H1FY24, which widened to Rs. 2.62 crore in H1FY25, indicating a deteriorating revenue place. Nevertheless, this can be a notable enchancment of 54.4 p.c in comparison with H2FY24’s larger lack of Rs. 5.51 crore, signalling a relative discount in monetary pressure.
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Market Outlook
The vitality storage business is evolving quickly, pushed by developments in battery know-how, decreased prices, and elevated effectivity. Residential vitality storage and Automobile-to-Grid (V2G) options are enabling vitality independence and grid stability. Grid-scale techniques, together with lithium-ion batteries and revolutionary applied sciences, assist renewable integration and scale back fossil gas reliance.
In India, latest tenders for Battery Vitality Storage Programs (BESS) are accelerating adoption, enhancing grid resilience, and optimising vitality utilization via mechanisms like time-shifting and vitality worth arbitrage, selling a sustainable vitality future.
Shareholding Sample
As of the September 2024 shareholding sample, Waaree Applied sciences Restricted is primarily held by the promoters at 58.07 p.c, overseas institutional traders at 14.58 p.c, and the general public at 15.92 p.c.
About Firm
Waaree Applied sciences, established in 2013, is a key participant in India’s renewable vitality sector, specializing in photo voltaic vitality and lithium-ion battery manufacturing. It engages in buying and selling electrical automobiles, batteries, and AI-based merchandise. The corporate excels in vitality storage options for renewable vitality functions, providing photo voltaic merchandise like photovoltaic modules and inverters.
Waaree’s photo voltaic PV module manufacturing capability is a powerful 13.3 GW. Regardless of challenges like a excessive price-to-book ratio, Waaree has improved working capital effectivity, lowering useful resource administration cycles from 141 to 109 days. With a dedication to innovation and sustainability, Waaree Applied sciences continues to drive India’s renewable vitality future.
Written By Fazal Ul Vahab C H
Disclaimer
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