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Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems.
On a consolidated basis, the company reported a 71.4% YoY jump in net profit to Rs 1,061.10 crore in Q4 FY26, compared with Rs 618.91 crore in the same quarter last year. Revenue from operations surged 111.8% YoY to Rs 8,480.25 crore for the quarter ended 31 March 2026.
Shares of Waaree Energies rose 0.89% to Rs 3,058.30 on the BSE.
Waaree Energies has partnered with Unicommerce, one of India's leading e-commerce enablement SaaS platforms, to automate and unify its e-commerce operations, a move that signals the company's intent to match its manufacturing scale with an equally strong digital sales engine. The partnership will bring Waaree's growing range of clean energy products - from solar modules and inverters to and solar kits, closer to consumers across India with warehouse network.
Commenting on the partnership, Jignesh Rathod, CEO and Whole-Time Director, Waaree Energies Limited, said “At Waaree Energies, our mission goes beyond manufacturing - it is about making clean energy genuinely accessible to every Indian household and business. As we scale our product portfolio and deepen our digital reach, having a robust e-commerce backbone is essential. Unicommerce's unified e-commerce backbone allows us to serve both individual buyers and our distributor network with the same efficiency we bring to manufacturing. This is a step forward in bringing solar energy solutions closer to the customer.”
For the full year,net profit rose 98.74% to Rs 3711.30 crore in the year ended March 2026 as against Rs 1867.39 crore during the previous year ended March 2025. Sales rose 83.72% to Rs 26536.77 crore in the year ended March 2026 as against Rs 14444.50 crore during the previous year ended March 2025.
HEG Ltd, Edelweiss Financial Services Ltd, KFin Technologies Ltd and Adani Energy Solutions Ltd are among the other losers in the BSE's 'A' group today, 30 April 2026.
Waaree Energies Ltd tumbled 10.31% to Rs 3141 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.5 lakh shares were traded on the counter so far as against the average daily volumes of 1.04 lakh shares in the past one month.
HEG Ltd lost 9.93% to Rs 592.75. The stock was the second biggest loser in 'A' group.On the BSE, 2.28 lakh shares were traded on the counter so far as against the average daily volumes of 1.53 lakh shares in the past one month.
Edelweiss Financial Services Ltd crashed 7.89% to Rs 114.33. The stock was the third biggest loser in 'A' group.On the BSE, 7.31 lakh shares were traded on the counter so far as against the average daily volumes of 1.7 lakh shares in the past one month.
KFin Technologies Ltd corrected 7.50% to Rs 904. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.31 lakh shares were traded on the counter so far as against the average daily volumes of 51160 shares in the past one month.
Adani Energy Solutions Ltd shed 6.56% to Rs 1326.15. The stock was the fifth biggest loser in 'A' group.On the BSE, 2.95 lakh shares were traded on the counter so far as against the average daily volumes of 4.22 lakh shares in the past one month.
In the cash market, the Nifty 50 index fell 180.10 points or 0.74% to 23,997.55.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.86% to 18.46.
HDFC Bank, Bajaj Finance and Waaree Energies were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The May 2026 F&O contracts will expire on 26 May 2026.
On the BSE, Waaree Energies tumbled 11.45% to Rs 2,678.75. Premier Energies slipped 5.76% to Rs 733, while Vikram Solar declined 4.24% to Rs 177.50, as renewable energy counters witnessed sharp selling pressure amid heightened volatility.
According to reports, the US Commerce Department has imposed preliminary countervailing duties of 126% on certain solar products imported from India, citing findings that Indian manufacturers benefited from unfair government subsidies. The department said these subsidies allowed exporters to offer products at prices that undercut American solar manufacturers, thereby distorting competition in the US market.
The development triggered a sharp sell-off in domestic renewable energy stocks, with investors factoring in potential headwinds to export volumes and revenue growth for these companies.
In addition to India, the US Commerce Department announced preliminary duties ranging between 86% and 143% on solar imports from Indonesia and 81% on imports from Laos.