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[hfe_template id='11223'] [ad_1] Waaree Energies shares will be in focus on Friday as around 15 crore shares become eligible for trading with the end of the shareholder lock-in period. According to Nuvama Alternative & Quantitative Research, these 15 crore shares account for 53% of the company's outstanding equity. However, this doesn’t mean all the shares will be sold—just that they can now be traded if shareholders choose to do so. Waaree Energies Q4 earnings The solar panel maker reported a strong Q4 performance, with net profit rising 34.1% year-on-year (YoY) to Rs 618.9 crore for the quarter ended March 31, 2025.In the same quarter last year, the company had reported a profit of Rs 461.5 crore. Revenue from operations jumped 36.4% to Rs 4,003.9 crore, up from Rs 2,935.8 crore in the year-ago period, according to the company’s regulatory filing. Live Events EBITDA more than doubled to Rs 922.6 crore in Q4 FY25, up 120.6% from Rs 418.3 crore in the same quarte...

[hfe_template id='11223'] [ad_1] Waaree Energies shares will be in focus on Wednesday after the solar panel maker reported a strong Q4 performance, with net profit rising 34.1% year-on-year (YoY) to Rs 618.9 crore for the quarter ended March 31, 2025. In the same quarter last year, the company had reported a profit of Rs 461.5 crore. Revenue from operations jumped 36.4% to Rs 4,003.9 crore, up from Rs 2,935.8 crore in the year-ago period, according to the company’s regulatory filing. EBITDA more than doubled to Rs 922.6 crore in Q4 FY25, up 120.6% from Rs 418.3 crore in the same quarter last year. The EBITDA margin improved to 23% from 14.3% a year ago. The company produced 2.06 GW of solar modules in the fourth quarter, up from 1.35 GW in the same period last year. For the full year, module production reached 7.13 GW, compared to 4.77 GW in FY24. For the full financial year FY25, revenue rose 27.62% YoY to Rs 14,846.06 crore. Profit after tax more than doubled to Rs 1,9...

[hfe_template id='11223'] [ad_1] Shares of Waaree Energies and Premier Energies slid on Wednesday after brokerage Bernstein initiated coverage on both renewable energy firms with an "underperform" rating, citing valuation concerns and profitability headwinds. Waaree Energies shares fell 3.3% to Rs 2,301.1 on the BSE, while Premier Energies lost 2.9% to Rs 883.45 on Wednesday. Bernstein has set a target price of Rs 1,902 for Waaree Energies, implying a potential downside of over 17% from current levels, and a target price of Rs 693 for Premier Energies, indicating a potential decline of 21.6%. The move comes as India, the world's third-largest solar market, pushes to scale up its domestic solar manufacturing industry with an annual investment target of $20 billion. However, Bernstein analysts remain cautious about the sector's long-term prospects. While India’s solar photovoltaic (PV) manufacturing sector presents growth opportunities, Bernstein flagged ...

[hfe_template id='11223'] [ad_1] The markets paused after six consecutive sessions of gains, closing on a flat note. In today's trade, shares of Maruti, ONGC, IREDA, Federal Bank, TVS Motor among others will be in focus due to various news developments. Maruti Suzuki Maruti Suzuki received a draft tax assessment of Rs 2,666 crore for FY22, but the company expects no financial impact. NBCC State-owned NBCC (India) Ltd has bagged a Rs 439 crore contract from Uttarakhand Investment and Infrastructure Board (UIIDB) Federal Bank Federal Bank to acquire 4% stake in Ageas Federal Life Insurance. The acquisition cost is around Rs 97.4 crore for 3.2 crore shares. Live Events IREDA State-owned IREDA on Tuesday said it has raised Rs 910 crore through issuance of bonds. The funds raised will enhance IREDA's Tier-II capital, increasing its net worth and capital-to-risk-weighted assets ratio. ONGC ONGC will infuse Rs 3,300 crore in ONGC Green. ONGC Green will use the proceeds ...

[hfe_template id='11223'] [ad_1] Shares of Waaree Energies climbed as much as 14.4% on Friday to Rs 2,505.85 on the BSE, after the renewable energy firm reported a 296% year-on-year (YoY) jump in consolidated net profit for Q3FY25. The company posted a net profit of Rs 493 crore for the quarter ended December 2024, compared to Rs 124 crore in the same period last year. Revenue from operations stood at Rs 3,457 crore, marking a 117% increase from Rs 1,596 crore in Q3FY24. However, on a sequential basis, revenue declined by 3.2% from Rs 3,574 crore in the previous quarter (Q2FY25), while profit after tax (PAT) rose 36% from Rs 362 crore. Despite a significant rise in profitability, total expenses increased to Rs 2,855 crore in Q3FY25, compared to Rs 1,517 crore a year earlier. However, expenses declined quarter-on-quarter from Rs 3,165 crore in Q2FY25. The company also reported a 257% YoY surge in EBITDA, with margins expanding to 22.84% from 13.73% in Q3FY24. Meanwhile, i...

[hfe_template id='11223'] [ad_1] Waaree Energies' shares fell 2% after Kotak Institutional Equities initiated coverage with a 'Sell' rating and set a target price of Rs 2,550, suggesting a potential downside of 6.5% from the previous closing price of Rs 2,724. "We initiate coverage on Waaree Energies with a 'Sell' rating and a DCF-based fair value of Rs 2,550, implying 13.1X March 2027E EPS," the brokerage firm said. Kotak expects Waaree to see a 12% compound annual growth rate (CAGR) for its module capacity, which is expected to reach 40 GW by 2035. Additionally, Kotak projects a 14% volume CAGR for Waaree’s modules until FY2035, driven by strong capacity addition and utilization rates. Waaree, the largest domestic solar module manufacturer in India with an 18% market share, is poised to expand rapidly. Kotak expects the company to reach 19.3 GW module, 11.4 GW cell, and 6 GW wafer capacity by 2027. Vertical integration, Kotak notes, should...

[hfe_template id='11223'] [ad_1] Shares of the recently listed Waaree Energies have fallen by 19% in the last 3 trading sessions to a low of Rs 2,925 as Donald Trump’s victory in the US presidential election is considered to be negative for the renewable sector outlook. Trump, in his victory speech, mentioned that he would stop renewable projects on “day one” of his office, which is assumed to have an impact on the Indian companies too, that are exporters to the US. Waaree Energies and many other companies have a US export component in their revenues and it is believed that they may need to adjust their expansion plans if the US prioritizes domestic manufacturing. It was also reported that the company plans to expand its footprint by establishing a 3 GW manufacturing facility in the United States to further diversify its operational capabilities. This may also be affected now. The shares of Waaree Energies on Monday alone dipped by 6.66%. Also read: Aarti Industries shar...

[hfe_template id='11223'] [ad_1] Reminding investors of the iron rule of mean reversion in financial markets, 12 stocks like Cochin Shipyard, HUDCO and Bharat Dynamics have crashed at least 40% from their 52-week high levels after giving multibagger returns in the last one year. A study of all BSE-listed stocks with a market capitalization of at least Rs 1,000 crore throws up a list of 115 stocks that have fallen at least 40% from peaks. Out of them, there are at least 12 recent multibaggers that are having a tough time now. Defence PSU stock Cochin Shipyard, the shares of which have fallen 54% from peak, are still up 176% in the last one year. Waaree Renewable Technologies, which was in focus recently as its group company Waaree Energies got listed on stock exchanges on Monday, has lost almost 53% of its value. The solar play remains a four-bagger in the last 12 months. Other stocks in the list include PSUs like HUDCO, Bharat Dynamics and IFCI and private players like U...