Shares of Waaree Energies surged practically 6 per cent in early commerce on Tuesday, July 29, after the corporate reported an increase in quarterly earnings.
On Tuesday, the inventory climbed as a lot as 5.76 per cent to Rs 3,291 per share in early hours of buying and selling session, hitting an intraday excessive of Rs 3,291.95–apiece on the BSE.
Waaree Energies Q1 outcomes
The rally comes as traders reacted positively to the corporate’s Q1FY26 outcomes, which confirmed a 93 per cent year-on-year enhance in internet revenue to Rs 773 crore, in comparison with Rs 401.13 crore in the identical quarter final 12 months.
The corporate attributed the efficiency to increased revenues, which jumped to Rs 4,597.18 crore from Rs 3,496.41 crore within the year-ago interval.
The largecap agency additionally achieved its highest-ever quarterly module manufacturing of two.3 GW through the quarter, with continued ramp-up in cell manufacturing—highlighting the corporate’s operational effectivity and rising scale.
Waaree Energies enlargement plans
In an additional enhance to investor sentiment, the corporate’s Board of Administrators has permitted a big capex plan of Rs 2,754 crore, aimed toward increasing manufacturing capability:
- 4 GW cell capability in Gujarat
- 4 GW ingot-wafer capability in Maharashtra
The enlargement will happen over FY26–27 and shall be financed by way of a mixture of inner accruals and debt.
Furthermore, the board cleared a proposal for the acquisition of 100 per cent stake in Voltshift Vitality Transition, a step-down subsidiary, from Waaree Without end Energies, an entirely owned arm of Waaree.
