Waaree Energies Bags 2 GW Solar Module Order, Q1 Profit up 14%
Waaree Energies secured a 2 GW solar module supply contract from a domestic client, adding to its order visibility despite the stock’s recent technical weakness. The company reported a 14% jump in Q1 net profit to Rs 850 crore, with shares gaining 2% on the news.
The Economic Times reports that Waaree Energies shares are up 2% following the announcement, noting the 2 GW contract is a one-time deal with delivery spanning FY27 and FY28. The company confirmed the buyer is a domestic entity with no link to the promoter group, while the stock remains trading below seven of its eight key moving averages.
Source: The Economic TimesWaaree Energies secured a 2 GW module supply contract from a domestic developer. Q1 FY27 net profit rose 14% to Rs 850 crore on 79% revenue growth.
Source: Business Today
