Shares of Waaree Renewable Applied sciences Ltd swung inexperienced and 0.8% larger after opening 3.5% decrease on 31 July after the corporate introduced securing an Engineering, Procurement, and Building (EPC) contract price Rs 30 crore.
Waaree Renewable Applied sciences has secured a revised scope underneath its ongoing EPC contract for a ground-mounted photo voltaic PV venture. The revision provides Rs 29.65 crore to the prevailing order worth, elevating the full venture price to Rs 1,510.06 crore (excluding taxes).
Nonetheless, the venture’s whole put in capability stays unaltered at 2012.47 MWp, as initially acknowledged on 27 November 2024. That is the second scope revision, after an replace on 20 June 2025.
Waaree reported a Return on Capital Employed (ROCE) of 84.8% in March 2025, a Return on Fairness (ROE) of 65%, and a Return on Belongings (ROA) of 25.6%. The corporate continues to be primarily debt-free, with a debt-to-equity ratio of simply 0.06 and whole borrowings of Rs 27 crore. On the finish of fiscal 12 months 25, web money circulate totalled Rs 17 crore.
The corporate reported gross sales of Rs 603 crore within the June 2025 quarter, a 26.4% improve from Rs 477 crore within the earlier quarter. Nonetheless, web revenue fell 8.5% to Rs 86 crore from Rs 94 crore in Q4FY25.
Waaree Renewable Applied sciences Ltd, based in 1999, generates energy from renewable sources and gives clear vitality advisory companies.
It’s a subsidiary of Waaree Energies and belongs to one in all India’s main vertically built-in new vitality firms. The enterprise operates India’s largest photo voltaic panel manufacturing facility, with a mixed capability of 12 GW unfold over three models in Gujarat: Chikhli, Surat, and Umbergaon.
At 2:15 pm, the shares of Waaree Renewable Applied sciences had been buying and selling 0.16% larger at Rs 1,063.20 on NSE.
Uncover the following massive funding! Unicorn Alerts’ IPO screener helps you establish promising preliminary public choices. Obtain Unicorn Alerts and get forward of the curve! Signal Up Now & Discover Your Subsequent IPO Gem!
