&w=3840&q=100)
Waaree Energies jumps 9% in trade; here's why the stock is in demand today
Waaree Energies share price: Shares of Waaree Energies gained 9.3 per cent in trade, logging an intraday high at Rs 2,855 on the BSE. The buying on the counter came after the company posted strong Q4FY25 results.
At 10:02 AM, Waaree Energies shares were trading 8.99 per cent higher at Rs 2,846.6 per share on the BSE. In comparison, the BSE Sensex was up 0.61 per cent at 80,077.42. The market capitalisation of the company stood at Rs 81,775.16 crore. The 52-week high of the stock was at Rs 3,740.75 per share and 52-week low of the stock was at Rs 1,808.65 per share.
Waaree Energies Q4 results
The company on Tuesday, after market hours, reported a 34 per cent rise in its net profit for the fourth quarter ended March 31, 2025, to Rs 618.91 crore as compared to Rs 461.52 crore a year ago.
Its consolidated revenue increased 36 per cent year-ono-year (Y-o-Y) to Rs 4,003.93 crore as compared to Rs 2,935.84 crore a year ago. The Earnings before interest, tax, depreciation and amotisation (Ebitda) for Q4 stood at Rs 1,059.57 crore as against Rs 489.94 crore a year ago, up 116.27 per cent Y-o-Y.
In its investor presentation, the company's management said it projects robust Y-oY growth in Ebitda in FY26 on the back of strong demand realisation and operational excellence.
Furthermore, the management's Ebitda outlook for FY26 stands at Rs 5,500 crore to Rs 6,000 crore.
'FY25 marks a pivotal inflection point in Waaree's journey- a year where our strategy, scale, and execution converged to deliver industry-leading Ebitda performance of Rs 3,123.20 crore. This performance underscores the strength of our execution capabilities and the quality of order book, with centred focus on margins, " said Amit Paithankar, whole time director & CEO, Waaree Energies. ALSO READ |
He added: Our 1.6 GW module manufacturing facility is operational in Brookshire, Texas, USA. This reinforces our commitment to the American market and underlines our local-for-local manufacturing philosophy. Our strategy of local manufacturing and supply chain management will help us navigate through the changing policy environment.
About Waaree Energies
Established in 1990, Waaree Energies is India's leading renewable energy company, accelerating the global energy transition. Headquartered in Mumbai, it operates manufacturing facilities with an installed capacity of ~15 GW for solar PV modules and 5.4 GW for solar cells.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
40 minutes ago
- Time of India
Viability in Doubt as Govt Weighs Relief
The government, which is working on a relief package for Vodafone Idea ( Vi ), is confronted with concerns about the telecom operator 's financial viability in the absence of a waiver of its arrears on spectrum usage charges. The government has said it has no plan to convert more arrears into equity that would increase its stake in the company beyond the existing 49%. Other options being considered, such as allowing Vi to pay the adjusted gross revenue-based arrears over 20 years, instead of the current six, may still not provide enough cash flows for sustaining company operations beyond 2028-29, said government officials. They added that various options were being explored. These include 'extending the tenure of AGR payments from the scheduled six annual instalments of Rs 18,064 crore to over 20. But despite that, the long-term sustainability of the company remains in doubt,' one official said on condition of anonymity. The Department of Telecommunications, based on the current and potential future financial situation of Vi, believes that if the company is required to pay the full Rs 18,064 crore instalment due by end-FY26, it would not have funds to meet the liability in FY27. Even if annual instalments are reduced to Rs 6,000-8,500 crore each by extending the payment period, it still would not bring any tangible benefits. In fact, given the telco's cash flows, it may not meet the liabilities beyond 2028-29. In a worst case scenario, the payment tenure could be as long as 50-100 years, said a second official. At the end of March, the carrier's cash and bank balance totalled Rs 9,930 crore. Following a request from Vi, the government converted Rs 36,950 crore of spectrum arrears into equity in March, becoming the largest shareholder, with a 48.99% stake. These arrears were related to pre-2021 spectrum auctions. Prior to the equity conversion, Vi shared its projections till 2030-31, which is the deadline mandated by the Supreme Court to pay the AGR dues . Since the government had given a four-year moratorium on payment of AGR and spectrum dues from FY22, Vi now needs to clear the entire arrears in six instalments, starting with the current fiscal year. Every year, the instalment has to be made by March 31. 'The company had shown its inability to meet the post-moratorium payment schedule of spectrum and AGR payments during various meetings with DoT,' said a third official. Vi's projected payment for FY26 was more than Rs 30,500 crore before the government converted part of the dues into equity. 'While the company can meet the liabilities in the current fiscal year, it won't be possible starting FY27 unless it manages over Rs 25,000 crore loans from banks and financial institutions,' said an analyst tracking the telecom sector. Brokerage firm Motilal Oswal has cautioned that absence of a relief on the AGR dues and absence of a breakthrough on the company's efforts to raise funds through debt, could result in Vi facing an estimated annual cash shortfall of Rs 20,000 crore. In Vi's January-March earnings report, auditor SR Batliboi & Associates cautioned that the operator's financial performance was hurt by its inability to generate cash flows that it needed to settle/refinance its liabilities as they fall due. Vi reported a net loss of Rs 7,166 crore in January-March, wider than Rs 6,609 crore in October-December 2024. Its board has approved raising a further Rs 20,000 crore through equity or debt, for which the telco is in discussions with lenders. The Rs 72,300-crore market cap company has seen its share price slide from nearly Rs 10 apiece in January to Rs 6.7 as of Friday. 'The group's ability to continue as a going concern is dependent on support from the DoT on the AGR matter, successfully arranging funding and generation of cash flow from its operations that it needs to settle its liabilities as they fall due,' the auditor said.
Time of India
40 minutes ago
- Time of India
Qcomm Fires up Discounts with Rivals Getting Quicker
The rapid expansion of online retailers Amazon and Flipkart in the crowded quick commerce sector is pushing discounting across platforms to record highs in an industry battling accelerating losses. As price becomes the primary differentiator for these apps with near similar user experience, intense discounting and attendant cash burn are likely to intensify further, according to multiple people in the know . This month, average discounts across categories rose to 20-25% on maximum retail price compared to below 10% two years ago across various quick commerce platforms, including for segments like dairy and groceries, the sources said. 'Rising competition is the reason for increasing discounts within quick commerce,' said Karan Taurani, executive vice president at Elara Capital. 'Today there are eight players, unless we see a convergence towards four-five players, this kind of discounting will persist. We had only 3-4 players earlier but now we are seeing the entry of more players including Flipkart and Amazon…I think discounting will persist for some time until the competitive intensity cools off,' Taurani added. In addition to market leaders Blinkit, Zepto and Swiggy's Instamart, others such as Reliance Retail's JioMart, Flipkart Minutes and Amazon Now have also started building a presence in this space. Analysts are of the view that discounts are the highest in the personal care category rising to around 35% discounts on maximum retail price. Other products such as packaged foods, basic staples, home care, beverages also are discounted heavily. 'Dairy has the lowest discount (5%), understandable given it is a low-margin category and hence, there is limited headroom. Prices vary significantly across players in fresh fruits & vegetables too, albeit we do not include it in our basket due to potential variations in product quality,' said a note by Jefferies. Industry executives point out that with all competing firms being well-capitalised they are not focusing on profitability in the short term. ET had reported in February that the monthly burn for the quick commerce sector across companies had increased to ₹1,300-1,500 crore – more than doubling in a few months. Burn refers to the rate at which a company spends cash. For the quarter ended March 31, Blinkit parent Eternal saw its net profit plummeting to Rs 39 crore from Rs 175 crore in the year ago period. Its Bengaluru-based rival Swiggy's net loss for the quarter nearly doubled to Rs 1,081 crore. Both the companies increased spending on expanding their quick commerce businesses. 'There is a massive headroom for growth in quick commerce…and the overall market is expanding as well. The attempt right now is to build a sticky customer base. A lot of effort is also going into building for tier-II and tier-III cities, where platforms are trying to get consumers to try quick commerce for the first time,' a senior quick commerce executive said. Brokerage firm Morgan Stanley estimates the size of India's quick commerce sector at $8 billion in 2024, estimating it to expand to $28 billion by 2026 and $57 billion by 2030. Walmart-owned Flipkart's Minutes, which currently has around 400 dark stores aims to expand its network to 800 micro warehouses for 10-minute deliveries by the end of this year. ET reported on June 13 that Amazon Now has gone live in select pincodes in Bengaluru with 10-15 dark stores on its network, and aims to expand to other cities such as Mumbai and Delhi-NCR as well. Early movers Blinkit, Zepto and Instamart are also expanding their footprint. Notably, during the company's quarterly earnings call in May, Akshant Goyal, CFO of Blinkit's parent Eternal, said the quick commerce platform will prioritise market share gain even at the cost of short-term profitability. As per the Jefferies report, average discounts were also higher on bulk-buy offerings from companies like Zepto and Instamart, which operate the Super Saver and Maxxsaver programmes, respectively. Under these offerings, platforms offer greater discounts to users with larger basket sizes – typically over ₹1,000. For the 10-minute delivery platforms, this results in cost savings in terms of fewer trips and reduced packaging expenses, while also increasing competitiveness with value retailers such as Dmart. ETtech
Mint
an hour ago
- Mint
Bhel likely to be tendering agency for EV charging stations under PM E-drive
New Delhi: State-run Bharat Heavy Electricals Ltd (Bhel) may be nominated to lead the tendering process for 72,300 electric vehicle (EV) public charging stations under the ₹10,900-crore PM E-drive scheme, two people aware of the development said. 'With Bhel being the nodal agency for demand aggregation of EV charging stations, it is likely that it will also play a key role in tendering these charging stations to interested stakeholders," said the first of the two persons cited earlier, both of whom spoke on the condition of anonymity. As the nodal agency, price discovery would be a key function of Bhel in its new role in India's evolving EV space, the second person said. Also read: EV vs hybrid war: All clean fuel-run vehicles are equal for the PMO Bhel's stock ended little changed at ₹253.55 on the BSE on Friday. This assumes importance as the PM E-drive scheme, the Centre's marquee scheme to incentivize green mobility for consumers, has allocated about a fifth of its outlay— ₹2,000 crore—to subsidize electric vehicle charging stations. Mint earlier reported about the heavy industries ministry working with the ministries of road transport and highways, civil aviation, and power to identify locations to set up these EV charging stations. PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-drive) scheme, with a financial outlay of ₹10,900 crore, came into effect on 1 October 2024 and will remain in force until 31 March 2026. Its main aim is to accelerate the adoption of electric vehicles, establish charging infrastructure and build a robust EV manufacturing ecosystem in the country. Under the scheme, the government plans to incentivize charging stations for electric two-wheelers, three-wheelers, buses and trucks. These chargers need to have a minimum capacity of 12 kilowatt for electric two- and three-wheelers, 60 kilowatt for electric four-wheelers and 240 kilowatts for electric buses and trucks. The plan includes incentivizing 22,100 chargers for electric four-wheelers, 48,400 for electric two- and three-wheelers, and 1,800 for electric buses and trucks. Also read: Will India's unsafe e-rickshaws finally face the crash test? The heavy industries ministry on 21 May said in a press statement that Bhel is being considered as the nodal agency for demand aggregation and for the development of a unified digital super app that will serve as a single platform for EV users across India. 'The app will feature real-time slot booking, payment integration, charger availability status and progress dashboards for tracking national deployment under the PM E-Drive scheme. Bhel will also coordinate with states and ministries to compile and evaluate proposals for charger installations," the statement on 21 May said. Queries emailed to the ministry of heavy industries and Bhel on Friday remained unanswered till press time. According to the procedure for setting up EV chargers under the PM E-drive scheme, state governments as well as central ministries can submit a bid for EV charging stations to the heavy industries ministry after aggregating demand and conducting feasibility studies. This will be done by a nodal agency appointed by the state government or central ministry. Demand aggregation refers to gathering demand from stakeholders to determine the volume of EV charging stations that will be installed by states or by central ministries. As per guidelines for installation of EV charging stations, availability of land is a major concern. 'In addition to charger capex and the corresponding need for upstream infrastructure, one major component is land availability. Access to land and high land rentals present major hurdles in deploying charging infrastructure," said the guidelines. State governments and central ministries which seek to install charging stations 'may provide access to land at suitable locations for EV charging stations by coordinating with various stakeholders under their control", the guidelines said. This would incentivize charge-point operators and other stakeholders to install chargers in locations with high rents, according to the guidelines. State governments and central ministries should communicate their demand of EV charging points to the ministry of heavy industries for approval. After being approved, the nodal agency which gathered demand and conducted feasibility studies will begin the tendering process. As per the guidelines, the nodal agency appointed by the state government or central ministry can decide who will be the tender inviting authority (TIA). The nodal agency itself can also be the TIA, but can appoint any other agency on its behalf. The tender will include identified locations for EV charging stations, minimum charger configurations, available area and the bidding parameters to be followed. After successful bidding by charge-point operators and review by ministry of heavy industries, subsidy for charging stations will be disbursed in installments. Also read: E-buses under PM E-drive to be used now for intercity, tourist travel Under the PM E-drive scheme, the government will fund up to 80% of the upstream costs of setting up an EV charging station. But under special circumstances, the government may fund the full cost of a charging station, according to the guidelines. India's green mobility push has gained momentum, but continues to face hurdles related to EV charging infrastructure. 'The Electric Vehicle (EV) movement is gaining undeniable momentum, driven by consumer interest in sustainability and long-term cost benefits. Yet, barriers such as charging infrastructure, upfront costs and battery longevity continue to influence consumers," said Rajat Mahajan, partner and automotive sector leader, Deloitte India, in April at the launch of the 2025 Global Automotive Consumer Study—India. The study showed that 36% of Indian consumers surveyed prioritized fast-charging for EVs.
