Waaree Energies subsidiary, Waaree Transpower, has introduced its latest line of Inverter Duty Transformers (IDTs) at the Renewable Energy India Expo 2025 in New Delhi. This launch marks a significant step in the company's efforts to cater to the evolving needs of the renewable energy sector.

Key Features of the New IDTs

The new transformers are designed to meet the demands of various segments within the renewable energy industry:

• Utility-scale solar plants
• Renewable energy developers
• Industrial captive units
• Smart grid operators

Flagship Model Specifications

Waaree Transpower's flagship model boasts impressive specifications:

Manufacturing Capabilities

The company has invested in advanced manufacturing facilities to ensure the quality and reliability of its products:

• Dedicated manufacturing facility
• Backward integration capabilities
• Digital testing infrastructure

Parent Company Overview

Waaree Energies, the parent company of Waaree Transpower, has a significant presence in the solar energy sector:

Market Impact

The launch of these next-generation IDTs could potentially strengthen Waaree Energies' position in the renewable energy market. However, the immediate market reaction was slightly negative:

• Waaree Energies Limited's shares closed at ₹3,423.00
• This represents a decrease of ₹9.20 or 0.27%

As the renewable energy sector continues to grow, innovations like Waaree Transpower's new IDTs may play a crucial role in enhancing the efficiency and reliability of solar power infrastructure.

Waaree Energies Limited , a leading player in the Indian solar energy sector, has reported exceptional financial results for the second quarter, showcasing robust growth across key metrics and a strong order book.

Financial Highlights

Waaree Energies delivered a stellar performance in Q2, with significant year-on-year improvements:

The company's EBITDA margin expanded significantly, reflecting improved operational efficiency and cost management.

Operational Achievements

Waaree Energies achieved record-breaking production levels in Q2:

• Highest-ever module production of 2.6 gigawatts
• Cell production of 0.6 gigawatts

The company's total module capacity has reached approximately 18.7 gigawatts, with cell capacity fully operational at 5.4 gigawatts, making it the largest cell manufacturing facility of its kind in India.

Strong Order Book and Market Position

The company's order book remains robust at ₹47,000.00 crores, equivalent to about 24 gigawatts. The order book composition is:

• 60% overseas orders
• 40% domestic orders

This diverse order mix demonstrates Waaree Energies' strong position in both domestic and international markets.

Strategic Acquisitions and Expansion

Waaree Energies has made several strategic moves to strengthen its market position:

1. Acquired a 76% stake in Racemosa Energy India, entering the smart meter segment
2. Acquired a 64% stake in Kotsons Private Limited, marking entry into the transformer market
3. Acquired solar manufacturing assets of Meyer Burger in the US, enhancing its presence in the American market

Capex and Future Outlook

The Board of Directors has approved an additional capex of ₹8,175.00 crores for expanding:

• Battery energy storage system capacity to 20 gigawatt hours
• Electrolyser capacity to 1 gigawatt
• Inverter capacity to 4 gigawatts

These investments align with Waaree Energies' strategy to diversify its product portfolio and capture emerging opportunities in the renewable energy sector.

Management Commentary

Amit Paithankar, Whole Time Director and CEO of Waaree Energies, stated, "We have delivered yet another record-breaking quarterly performance. Our revenue for the quarter has recorded a growth of 70% year-on-year. EBITDA grew 155%, and PAT for the quarter grew 134%, setting a strong tone for the fiscal year ahead."

The management has reaffirmed its EBITDA guidance in the range of ₹5,500.00 crores to ₹6,000.00 crores, demonstrating confidence in the company's growth trajectory.

Conclusion

Waaree Energies' Q2 results underscore its strong market position and growth potential in the renewable energy sector. With a robust order book, strategic acquisitions, and planned capacity expansions, the company appears well-positioned to capitalize on the growing demand for solar energy solutions both in India and globally.

Investors and market watchers will likely keep a close eye on Waaree Energies' execution of its expansion plans and its ability to maintain strong margins in the face of increasing competition and evolving market dynamics.