Waaree Renewable Technologies Limited (WRTL), a leading company in the green energy sector, has made a significant decision to withdraw from the acquisition deal of ₹293 crore. This deal was related to the acquisition of Kamath Transformers Private Limited, which was announced on May 19. At that time, the company had informed that it would buy 100 percent stake in exchange for cash. But now the company has clarified that the terms of the final agreement could not be agreed upon within the stipulated time frame, hence this deal has been cancelled.
Share Shows Pressure in the Market
The impact of this news was clearly visible on Waaree Energy's shares. On Thursday, the company's share on BSE closed at ₹1184.05, down by 1.62 percent. Whereas, it started the day at ₹1233.85. Earlier on Wednesday, the share had closed at ₹1203.50. Due to the cancellation of the deal, a slight unease was seen among the investors, which directly affected the share price.
Company's Quarterly Performance was Excellent
Even though the news of the deal cancellation may have caused a stir in the stock market, the company's quarterly results have been quite b. Waaree Renewable Technologies Limited has earned a net profit of ₹86.38 crore in the first quarter ended June 2025, with a growth of 207 percent. In the same quarter last year, the company's profit was only ₹28.16 crore.
Big Jump in Revenue Too
Along with the profit, a b increase has also been recorded in the company's total revenue. Waaree Energy's operational consolidated revenue has reached ₹603 crore, which was only ₹236 crore in the first quarter of the previous financial year. That is, an increase of about 155 percent. The main reason for this increase has been the rapidly increasing demand for the company's EPC projects and b sales of electricity.
Waaree Energy's Business Identity
Waaree Renewable Technologies Limited is considered one of the leading solar energy companies in the country. This company manufactures solar panels as well as rooftop systems and large EPC projects. Apart from this, the company also provides innovative energy-related solutions to its customers, which reflects its b hold in the field of green energy.
Why was the Acquisition Necessary?
The objective of Waaree Energy to buy Kamath Transformers was to strengthen its supply chain in the energy sector and to make itself more technically capable. Adding transformer manufacturing capacity would have given the company more strength in grid connectivity and power infrastructure projects. But this deal could not be finalized at the final stage.
Reasons Behind the Deal Falling Through
According to the information given to the stock exchange by the company, both the parties could not finalize the terms of the acquisition within the stipulated time. Agreement could not be reached on things like deal valuation, payment process and regulatory approvals. As a result, this deal was not taken forward.
Stir Among Investors
After the news of the deal being cancelled, there has been some change in the perceptions of investors regarding Waaree Energy in the market. Although the company's b quarterly performance is a major reason for maintaining confidence for the investors, short-term fluctuations are possible due to the stalling of a major plan like acquisition.
Grip Remains in the Green Energy Sector
Waaree Energy's business model is completely focused on renewable energy. The company is considered a leader in the field of solar energy and its projects are in international markets apart from India. The company is continuously investing in EPC projects, solar panel production and green technology.
