Latest news with #WaareeRenewableTechnologies
Time of India
21-07-2025
- Business
- Time of India
Waaree Renewable Technologies shares slide 6% amid US trade petition on Indian solar panel imports
Shares of Waaree Renewable Technologies fell as much as 6.2 per cent on Monday to ₹ 1,112.35 on the BSE, following a report that a group of U.S. solar panel manufacturers had petitioned the Commerce Department to impose tariffs on imports from India, Indonesia, and Laos. The petition, filed by the Alliance for American Solar Manufacturing and Trade, accuses solar panel manufacturers in the three countries of dumping products at below-cost prices in the U.S. and receiving unfair government subsidies, according to a Reuters report. India is among the largest exporters of solar panels to the U.S. According to the report, the petition marks the latest effort by the relatively small U.S. solar manufacturing sector to secure trade protection, aiming to safeguard recent multibillion-dollar investments and remain competitive against products largely made by Chinese firms operating overseas. The petitioning group includes U.S.-based First Solar, Qcells (a division of Korea's Hanwha), and privately held companies Talon PV and Mission Solar. The same group previously succeeded in securing tariffs on imports from Malaysia, Cambodia, Vietnam, and Thailand, with those duties finalized earlier this year. The report said the latest petition targets Chinese-owned firms accused of shifting production to Indonesia and Laos to bypass existing duties, while also directly accusing Indian-headquartered manufacturers of 'dumping cheap goods in the United States.' Imports from India, Indonesia, and Laos rose sharply to $1.6 billion in 2024 from $289 million in 2022, the petitioners noted. Investigation window The Commerce Department has 20 days from the date of filing to decide whether to launch a formal investigation. Reuters noted that cases involving anti-dumping and countervailing duties typically take about a year to reach a final tariff decision. Most solar panels installed in the U.S. are produced overseas, though domestic capacity has expanded from 7 gigawatts in 2020 to 50 GW in 2025, fueled by tax incentives under the 2022 Inflation Reduction Act. Despite this, local output still lags behind projected demand, with the U.S. solar market expected to install nearly 43 GW annually through 2030, according to the Solar Energy Industries Association. Strong Q1 showing The selloff in Waaree shares comes despite the company reporting robust earnings for the June quarter. Last week, Waaree Renewable posted a net profit of ₹86.44 crore for Q1 FY26, up 205 per cent from ₹28.30 crore in the same period last year. Revenue from operations more than doubled year-on-year to ₹603.18 crore, rising 155 per cent from ₹236.35 crore. Sequentially, revenue rose 25.6 per cent over the March quarter. However, total expenses surged 146 per cent year-on-year to ₹491.44 crore. In the previous quarter, the company had reported an 83 per cent rise in consolidated net profit to ₹93.76 crore, with the engineering, procurement, and construction (EPC) business accounting for nearly all of its revenue at ₹469.72 crore. Revenue from power sales remained stable at ₹6.85 crore. Despite recent gains—up 14 per cent in the past month and nearly 11 per cent over the last six months—Waaree shares remain down 20.3 per cent year-to-date and have fallen 39 per cent over the past 12 months.
Mint
18-07-2025
- Business
- Mint
Waaree Renewable Tech share price spikes another 5% after Q1 net profit surges 3-fold
Waaree Renewable Technologies, the solar EPC subsidiary of Waaree Group, saw its shares jump another 5% intraday on Friday, July 18, to reach 1,240 ₹ apiece, which came in response to the company's healthy performance in the June quarter. The company, on Thursday, reported a net profit of ₹ 86 crore in Q1FY26, a 207% increase compared to ₹ 28 crore in the same period last year, while the revenue from operations came in at ₹ in at ₹ 603 crore, compared to ₹ 236.35 crore in Q1 FY25, which is a 155% YoY growth. Looking at the segment wise performance, its revenue from its EPC contracts, which contributes over 95% of the company's total revenue, surged to ₹ 594.3 crore in Q1 FY25 from ₹ 228 crore in the same period last year, while power sales revenue also rose sharply to ₹ 9 crore, compared to ₹ 2.3 crore a year ago, as per the company's earnings' filing. On the operating front, the company reported EBITDA of ₹ 117.54 crore for the quarter, marking a significant jump from ₹ 41 crore in Q1 FY25. EBITDA margin expanded to 19.5% from 17.4%, reflecting improved operating efficiency. The company's unexecuted order book at the end of the quarter stood at 3.15 GWp, which it expects to execute over the next 12–15 months. The bidding pipeline remains robust at over 25 GWp. In terms of recent wins, the company secured a 435 MWp ground-mounted solar power project and a 131.6 MWp ground-mounted solar power project, both awarded in the first quarter of FY26. Commenting on the results, Mr. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited, said, In response to the expanding renewable energy capacity, we have broadened our portfolio to include Battery Energy Storage System (BESS) EPC solutions, reinforcing our position as a full-spectrum clean energy provider. With a strong order book of 3.15 GWp in Solar EPC and 40 MWh in BESS EPC, we are well-equipped to deliver next-generation, large-scale integrated energy projects."
Economic Times
18-07-2025
- Business
- Economic Times
Waaree Renewable shares rally 5% as Q1 profit more than triples
Shares of Waaree Renewable Technologies climbed as much as 4.7% on Friday to Rs 1,239.50 on the BSE, after the company reported a more than threefold increase in its June-quarter profit, driven by strong growth in its core operations. ADVERTISEMENT Waaree Renewable on Thursday posted a net profit of Rs 86.44 crore for the first quarter of fiscal 2026, marking a 205% jump from Rs 28.30 crore in the same period a year earlier. Revenue from operations for the June 2025 quarter surged 155% year-on-year to Rs 603.18 crore, compared with Rs 236.35 crore in the year-ago period. On a sequential basis, revenue rose 25.6% from Rs 476.57 crore reported in the March 2025 quarter. The company's total expenses also increased sharply to Rs 491.44 crore, up 146% from Rs 199.84 crore in the June 2024 latest numbers come after the company reported an 83% rise in consolidated net profit to Rs 93.76 crore in the March 2025 quarter, when total revenue had grown 74% to Rs 476.57 crore. At the time, the company said its EPC business remained the main growth driver, contributing Rs 469.72 crore, up 76% year-on-year, while revenue from power sales held steady at Rs 6.85 crore. ADVERTISEMENT Despite being down 15.5% year-to-date and 36% over the past 12 months, the stock has shown signs of recovery this week. The Waaree Renewable stock extended its recent rebound, rising 23% in the past week recent rally has pushed Waaree Renewable's shares above all eight key simple moving averages, from the 5-day to the 200-day, indicating strength across timeframes. ADVERTISEMENT Technical momentum indicators also pointed to bullish sentiment. The Relative Strength Index stood at 74.2, and RSI above 70 is considered overbought. This implies that stock may show the Moving Average Convergence Divergence (MACD) indicator was at 32.4 and remains above both the center and signal lines, reinforcing a bullish indicator. ADVERTISEMENT Also read | IREDA shares down 28% in 2025. Can the stock rebound past Rs 185 or is it time to sell? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
18-07-2025
- Business
- Time of India
Waaree Renewable shares rally 5% as Q1 profit more than triples
Live Events Technical indicators (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Waaree Renewable Technologies climbed as much as 4.7% on Friday to Rs 1,239.50 on the BSE , after the company reported a more than threefold increase in its June-quarter profit , driven by strong growth in its core Renewable on Thursday posted a net profit of Rs 86.44 crore for the first quarter of fiscal 2026, marking a 205% jump from Rs 28.30 crore in the same period a year earlier. Revenue from operations for the June 2025 quarter surged 155% year-on-year to Rs 603.18 crore, compared with Rs 236.35 crore in the year-ago a sequential basis, revenue rose 25.6% from Rs 476.57 crore reported in the March 2025 company's total expenses also increased sharply to Rs 491.44 crore, up 146% from Rs 199.84 crore in the June 2024 latest numbers come after the company reported an 83% rise in consolidated net profit to Rs 93.76 crore in the March 2025 quarter, when total revenue had grown 74% to Rs 476.57 crore. At the time, the company said its EPC business remained the main growth driver, contributing Rs 469.72 crore, up 76% year-on-year, while revenue from power sales held steady at Rs 6.85 being down 15.5% year-to-date and 36% over the past 12 months, the stock has shown signs of recovery this week. The Waaree Renewable stock extended its recent rebound, rising 23% in the past week recent rally has pushed Waaree Renewable's shares above all eight key simple moving averages, from the 5-day to the 200-day, indicating strength across momentum indicators also pointed to bullish sentiment. The Relative Strength Index stood at 74.2, and RSI above 70 is considered overbought. This implies that stock may show the Moving Average Convergence Divergence (MACD) indicator was at 32.4 and remains above both the center and signal lines, reinforcing a bullish indicator.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Standard
17-07-2025
- Business
- Business Standard
Waaree Renewable Technologies consolidated net profit rises 205.44% in the June 2025 quarter
Sales rise 155.21% to Rs 603.19 croreNet profit of Waaree Renewable Technologies rose 205.44% to Rs 86.44 crore in the quarter ended June 2025 as against Rs 28.30 crore during the previous quarter ended June 2024. Sales rose 155.21% to Rs 603.19 crore in the quarter ended June 2025 as against Rs 236.35 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 155 OPM %19.4917.38 -PBDT118.8140.81 191 PBT116.5739.27 197 NP86.4428.30 205 Powered by Capital Market - Live News
