Waaree Energies Limited — Credit Ratings, 19-03-2025: Credit Rating- Revision

WAAREE Energies Ltd. has announced a board meeting to review its financial results for the quarter and half-year. The company has received an upgrade in its credit ratings from CARE Ratings, with long-term bank facilities now rated at CARE A+; Stable, down from ₹ 2,200 cr to ₹ 1,904 cr. Its operating income has significantly improved, reaching ₹ 11,446 cr, alongside healthy operating margins of 14.2% for FY24. Management is optimistic about ongoing projects, including a 6 GW solar manufacturing capacity in Odisha and acquisition strategies aimed at bolstering operational efficiencies. This positive update could enhance investor sentiment, reflecting a growth trajectory for WAAREE.