The US Commerce Department has announced preliminary antidumping duties on solar cells and panels imported from India, Indonesia and Laos.
The buying on the counter came after Waaree Renewable posted strong January-March quarter (Q4FY26) results on Thursday, after market hours.
Q4FY26 company results: Firms including Angel One, Waaree Renewable Technologies, VST Industries, and Alok Industries are also to release their January-March earnings today
Waaree Renewable said it has signed an EPC contract for a 300 MWac / 420 MWp ground-mounted solar PV plant
The US set a 126 per cent preliminary duty on solar imports from India, while the Trump administration set initial duties from 86 per cent to 143 per cent for Indonesia and 81 per cent for Laos
In September last year, Waaree Energies, the holding company of WRTL, acquired a 64 per cent stake in transformer company Kotsons through a primary capital infusion of Rs 192 crore
Waaree Renewable Technologies Ltd (WRTL) net profit more than doubled to Rs 120.19 crore in December quarter compared to a year ago mainly on the back of higher revenues. The company had a net profit of Rs 53.48 crore in the quarter ended on December 31, 2024, a statement said. "PAT stood at Rs 120.19 crore as compared to Rs 53.48 crore in Q3FY25 representing a growth of 124.74 per cent YoY," it said. According to the statement, revenue in the quarter stood at Rs 851.06 crore representing a growth of 136.18 per cent YoY (year on year) as compared to Rs 360.35 crores in Q3FY25. Its unexecuted order book stands at 2.92 GWp to be executed between 12-15 months and the bidding pipeline remains robust at 29 GWp. The board has approved the capex budget for setting up of 120 MWp Solar Power Park in Buldhana, Maharashtra. "Looking ahead, we will continue to strengthen capabilities, invest in innovation, and expand partnerships to capture emerging opportunities in the renewable ecosystem,