Company Financial Rusult In Crore

About The Company

Waaree Energies is one of the top players in the sustainable energy sector. The company still keeps delivering cost-effective, environment-friendly energy solutions that can make a difference in the reduction of carbon footprints globally. It stands at the forefront of producing solar PV modules in India with a befitting aggregated installed capacity of 2 GW.

Waaree Energies differs because it is the only Indian company with in-house, NABL-accredited laboratories. This means every solar module is of high quality, reliability, and efficiency.

Waaree Energies has the vision of a greener future, driving innovations in the renewable energy segment with cutting-edge solutions that contribute toward sustainable development and energy security for all.

Waaree Energies - Strength and Weakness

Strength

• Largest solar PV module manufacturer in India with 12 GW capacity.
• Diversified global customer base and robust order book of 16.66 GW.
• Extensive pan-India retail network with 369 franchisees as of 2024.

Weakness

• Reliance on key customers; top 10 customers contribute 56.77% of revenue.
• High dependency on exports: 57.64% of revenue from export sales.
• Ongoing U.S. manufacturing expansion, estimated cost of $70 million.

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