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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Close to a fifth of the solar panel manufacturer’s revenue in the quarter came from the US.
India’s largest solar panel maker, Waaree Energies, on Wednesday reported a net profit of Rs 506.87 crore in the financial quarter ended December 2024, a 259.9% increase over the corresponding quarter in the previous financial year.
The company reported a revenue of Rs 3,545 crore during the quarter, which in itself is a 114.63% increase over the Rs 1,651 crore in the year-ago period. This increase in revenue was driven by the company’s production reaching 1.81 GW, a 68% year-on-year increase.
“Our solar business continues to be strong and we are rapidly advancing in the adjacencies of energy storage systems, …
From crippling solar tariffs and a sovereign fund exit to revived power contracts, a turbulent week highlights the group’s contested yet indispensable role in India’s energy transition.
The solar module maker must fix a key metric—its cell utilization—before embarking on a costly capacity surge that can strain its balance sheet.
Rapid asset purchases are driving generation growth, but rising debt and weaker cash flows are testing investor confidence.
