Waaree Energies Q2 Results: Net profit rises 17% to ₹375.65 crore, revenue up 1%
1 month ago

Waaree Energies Q2 Results: Net profit rises 17% to ₹375.65 crore, revenue up 1%

Live Mint  

Waaree Energies Q2 Results: Waaree Energies Limited announced their July to September quarter results on Monday, November 18. The company recorded a 17 per cent rise in net profits to ₹375.65 crore in the second quarter of the financial year 2024-25, compared to ₹320.12 crore in the same quarter the previous year, according to the BSE filing. Waaree Energies Ltd shares closed 6.81 per cent higher at ₹3,115.50 after Monday's market session, compared to ₹2,916.90 at the previous market close. The company's revenue from operations rose 1.04 per cent to ₹3,474.37 crore in the second quarter, compared year-on-year with ₹3,537.29 crore in the previous year. The renewable energy company's revenue from its main operations, i.e., Solar Photovoltaic Modules, fell nearly 10 per cent to ₹3,053.24 crore in the July to September quarter, compared to ₹3,392.40 crore in the same period a year ago.

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History of this topic

Waaree Energies share price jumps 7% on THIS order book update. Do you own?
2 weeks ago

Waaree Energies share price jumps 7% on THIS order book update. Do you own?

Live Mint  

Stock Market Today: Shares of Waaree Energies surged over 7 per cent on Tuesday, December 10, following the announcement of a significant order for the supply of solar modules up to 1 GW. The latest order has been placed by a prominent renewable energy company in India, with deliveries scheduled for FY25 and FY26, as per Waaree Energies’ regulatory filing. …

Stocks to buy: Anand Rathi suggests Waaree Energies, Hindustan Aeronautics as its Emerging stock picks for December
Trending News
2 weeks, 1 day ago

Stocks to buy: Anand Rathi suggests Waaree Energies, Hindustan Aeronautics as its Emerging stock picks for December

Live Mint  

Stocks to buy: The Indian stock market benchmark indices, Sensex and Nifty 50, traded lower on Monday following weakness in global market peers. Brokerage firm Anand Rathi has come out with its Emerging Picks report for December wherein it recommends two stocks to buy, which it believes have the potential to deliver decent upside in the near term. Anand Rathi …

Waaree Energies earnings: A reality check as listing euphoria fades
1 month ago

Waaree Energies earnings: A reality check as listing euphoria fades

Live Mint  

The half-year ended earnings of recently listed Waaree Energies Ltd, the largest solar module manufacturer in India, came as a rude shock to investors. Gross margin saw a sharp year-on-year improvement of 390 basis points to 25.3% as raw material cost or the cost of solar cells eased. The management anticipates a bump-up of about 200-300 bps in Ebitda margin …

Waaree Energies share price falls over 6% after Q2 results. Opportunity to buy?
1 month ago

Waaree Energies share price falls over 6% after Q2 results. Opportunity to buy?

Live Mint  

Waaree Energies share price plunged over 6% on Tuesday following the company's September quarter results. The recently-listed Waaree Energies shares declined as much as 6.44% to ₹2,914.60 apiece on the BSE. Waaree Energies on Monday reported a consolidated net profit of ₹361.65 crore for the second quarter of FY25, registering a growth of 14.78% over ₹315.09 crore posted during the …

Waaree Energies market cap tops ₹1 lakh crore mark as shares caught in one-way rally
1 month, 2 weeks ago

Waaree Energies market cap tops ₹1 lakh crore mark as shares caught in one-way rally

Live Mint  

Stock market today: Thanks to a one-way rally in Waaree Energies share price since its stock market debut last week, the company’s market capitalisation has crossed the coveted ₹1 lakh crore mark. Waaree Energies share price rallied 7.63 per cent on the BSE to hit a fresh all-time high of ₹3,740.75 per share on Wednesday, November 5, thus driving the …

From ₹5,000 to $5.3 billion: Meet Hitesh Chimanlal Doshi, a Visionary in the Renewable Energy Space
1 month, 3 weeks ago

From ₹5,000 to $5.3 billion: Meet Hitesh Chimanlal Doshi, a Visionary in the Renewable Energy Space

Live Mint  

The Doshi family, led by Hitesh Chimanlal Doshi, has seen a remarkable rise in their net worth thanks to the listing of Waaree Energies Limited on the Indian stock exchange. The company's shares surged 56% after its IPO, with the family's net worth estimated at nearly $5.3 billion. Hitesh Chimanlal Doshi's journey from a small village in Maharashtra to becoming …

Waaree's Solar Venture Soars 70% in Market Debut
1 month, 3 weeks ago

Waaree's Solar Venture Soars 70% in Market Debut

The Hindu  

Waaree Energies Ltd makes a strong market debut, with its shares jumping nearly 70% from the issue price. The IPO was a combination of a fresh issue of equity shares and an Offer-for-Sale (OFS) of 48 lakh equity shares worth ₹721.44 crore. The proceeds from the fresh issue will be used for setting up the 6 GW of the Ingot …

Strong Debut for Waaree Energies IPO: Shares Soar 66.3% on NSE
Trending News
1 month, 3 weeks ago

Strong Debut for Waaree Energies IPO: Shares Soar 66.3% on NSE

Live Mint  

Waaree Energies shares made a strong debut on the bourses on Monday, October 28, listing at ₹2,500 on NSE, a premium of 66.33 percent to the issue price of ₹1,503. The IPO received bids for 160.91 crore shares against 2.02 crore shares on offer, with the retail investor segment booking 11.27 times while the non-institutional investors (NII) category saw a …

Waaree IPO GMP: Grey Market Signals Multibagger Return for Allottees
1 month, 4 weeks ago

Waaree IPO GMP: Grey Market Signals Multibagger Return for Allottees

Live Mint  

Waaree Energies IPO GMP today is ₹1591, ₹61 higher than Thursday's GMP of ₹1530. This is a good sign, as secondary market sentiments are under pressure due to the sharp selling in the banking and auto segments. Experts said the grey market is signalling a multibagger return for lucky allottees despite weak sentiments on Dalal Street.

Strong Grey Market Premium Indicates Strong Listing for Waaree Energies IPO
1 month, 4 weeks ago

Strong Grey Market Premium Indicates Strong Listing for Waaree Energies IPO

India Today  

Waaree Energies IPO is expected to list at a premium due to strong subscription numbers and a Grey Market Premium (GMP) of Rs 1,370. The company specializes in solar energy and has a strong presence in the Indian renewable energy market. Investors are optimistic about the listing and expect a significant gain on their investments.

Waaree Energies IPO Allotment: Record Demand, Expected Today
2 months ago

Waaree Energies IPO Allotment: Record Demand, Expected Today

Live Mint  

Waaree Energies IPO Allotment: The initial public offering of solar PV modules manufacturer Waaree Energies Ltd received stellar demand and broke record with highest ever number of applications received for an IPO. The IPO allotment date is likely today, October 24. The company is expected to fix the basis of share allotment today after the IPO was open for subscription …

Waaree Energies IPO: Grey Market Premium Indicates Strong Listing Gains
Trending News
2 months ago

Waaree Energies IPO: Grey Market Premium Indicates Strong Listing Gains

News 18  

The Waaree Energies IPO is set to close today, with the initial public offering (IPO) receiving overwhelming interest. The IPO received 9.19 times subscription within the first hour of bidding, with a total subscription of 25,02,00,405 shares. The IPO is expected to be finalised on October 24, with shares listed on both BSE and NSE on October 28.

GMP Soars on Final Day, With Strong Subscription Details
2 months ago

GMP Soars on Final Day, With Strong Subscription Details

India Today  

Waaree Energies' IPO continues to perform well, with the issue oversubscribed 30 times on the final day of bidding. The company is expected to raise Rs 4,321.44 crore through fresh issues and an offer-for-sale (OFS). The grey market premium (GMP) for Waaree is currently at 95%, suggesting a potential listing gain of nearly 95%. The company's strong financials, increasing demand …

Waaree Energies IPO: A Comprehensive Overview for Investors
Trending News
2 months ago

Waaree Energies IPO: A Comprehensive Overview for Investors

Live Mint  

Waaree Energies IPO opens today with a fixed price band of ₹1427 to ₹1503 per equity share. The IPO will remain open from Monday to Wednesday, with a book build issue comprising both fresh shares and offers for sale. The company aims to raise ₹4,321.44 crore from this book-build issue, with ₹3,600 crore raised through fresh shares and ₹721.44 crore …

Is Waaree's IPO a steal? Here's what investors need to know
2 months ago

Is Waaree's IPO a steal? Here's what investors need to know

India Today  

Waaree Energies IPO opens for bidding, aiming to raise Rs 4,321.44 crore. The IPO consists of a fresh issue of 2.4 crore shares and an offer for sale of 0.48 crore shares, totaling Rs 721.44 crore. The IPO will be open for subscription until October 23, 2024, with a price band of Rs 1,427 and Rs 1,503 per share. The …

Waaree Energies files DHRP, includes fresh issue up to ₹3000 crore and an OFS.
11 months, 3 weeks ago

Waaree Energies files DHRP, includes fresh issue up to ₹3000 crore and an OFS.

Live Mint  

Waaree Energies Limited, the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 12 GW, as of June 30, 2023 has filed its Draft Red Herring Prospectus with market regulator Securities and Exchange Board of India. Waaree Energies initial public offering will comprise of a fresh issue of Equity Shares as well as an …

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