Waaree Energies Ltd, India's biggest solar PV module maker, has been optimistic about sustaining a strong order book for FY26 and FY27, led by increasing demand for renewable energy solutions. The company's expansion plans and operational excellence are likely to further strengthen its market position.
Key Highlights:
✅ Order Book Strength: Waaree Energies' order book is over 25 GW, worth around ₹47,000 crore, demonstrating strong demand from utility-scale developers and the C&I segment.
✅ FY26 EBITDA Guidance: The firm has guided an EBITDA of ₹5,500–6,000 crore, backed by solid execution capabilities and margin-driven strategies.
✅ Milestones in Production: Waaree has recorded a growth of 52.59% in module production with 2.06 GW in Q4 FY25, with an overall annual production of 7.13 GW.
✅ International Expansion: The company has commissioned a 1.6 GW module manufacturing plant in Texas, USA, supporting its local-for-local manufacturing philosophy.
✅ Future Perspective: Experts see Waaree's backward and forward integration steps, such as investments in solar cells, ingots, and wafer manufacturing, propelling steady growth.
With its innovation-led approach and market development focus, Waaree Energies is geared to take advantage of the international renewable energy revolution, supporting long-term growth and profitability.
Source: The Hindu BusinessLine, Moneycontrol, Business Standard