Waaree Renewable Technologies shares soar 10% as profit more than doubles in Q2 – News Air Insight

Shares of Waaree Renewable Technologies rallied as much as 10% to their day’s high of Rs 1,244 per share on the NSE on Monday, October 13, after the solar energy company reported that its consolidated net profit more than doubled in the September quarter, boosted by higher revenues and strong execution across projects. The stock now trades close to its 52-week high of Rs 1,272.

The company’s consolidated net profit rose to Rs 116.34 crore in the quarter ended September 30, 2025, from Rs 53.51 crore a year earlier, according to its filing to the BSE. Waaree Renewable said it delivered its “highest-ever quarterly revenue and PAT (net profit), driven by robust execution, strong sectoral tailwinds, and continued expansion into new energy verticals including Battery Energy Storage Systems and data centres.”

Record revenue and order book

Revenue during the quarter jumped to Rs 2,774.78 crore compared with Rs 524.47 crore in the same period last year, reflecting a 47.73% year-on-year growth. The company’s unexecuted order book stands at 3.48 GWp, expected to be executed over the next 12–15 months. Its bidding pipeline remains “robust at 27+ GWp,” the company said.

The board of directors also approved a capital expenditure plan for new projects, including 28 MWp IPP solar power plants (14 MWp each) at two locations in Maharashtra and a 37.5 MWp IPP solar power plant at Bikaner, Rajasthan.

Expanding footprint in clean energy

A subsidiary of Waaree Energies Ltd, Waaree Renewable finances, constructs, owns, and operates solar projects across geographies for commercial and industrial customers. The company said it continues to support India’s transition to sustainable energy while diversifying into newer segments such as storage and data centre infrastructure.

Stock performance and technical indicators

Waaree Renewable shares closed 8.8% higher at Rs 1,234 on the BSE on Friday. The stock has fallen 19.5% so far in 2025 and is down 32% over the past year.

From a technical perspective, the stock is trading above all eight of its key simple moving averages, the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day, signaling bullish momentum across time frames.

The Relative Strength Index (RSI) stands at 65.4, indicating the stock is neither overbought nor oversold, while the Moving Average Convergence Divergence (MACD) is at 8.7 and remains above both the center and signal lines, underscoring continued positive undertones.

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