The fall in the recently listed counter came on the back of a muted show in the September quarter of financial year 2025 (Q2FY25)

Waaree Energies, Indias largest solar PV module manufacturer, reported a 15% YoY rise in Q2 net profit to Rs 362 crore. Revenue grew 1% YoY to Rs 3,574 crore. The company, which listed with a 70% premium,

Waaree Energies shares fell over 5% to an intraday low of Rs 2,916 on the NSE after the company reported its first post-listing earnings, with a 15% YoY rise in net profit to Rs 362 crore for Q2FY25.

Waaree Energies Ltd.'s share price fell over 6% on Tuesday despite positive results for the second quarter as the company's topline remained flat. The solar module manufacturer's revenue for the second quarter rose 1% on the year to Rs 3,754.38 crore from Rs 3,537.3 crore.

The company's total income rose to Rs 3,663.4 crore in the quarter under review, from Rs 3,558.5 crore in the second quarter of the last financial year.

Waaree Energies Limited reports strong financial growth, with increased profit, order book, and investment in renewable energy projects.

Waaree Energies reported a 17% rise in Q2 net profit to Rs 375.6 cr, driven by higher income. The board approved a Rs 600 cr investment for renewable energy projects.