The company has received a supply order of 99 solar offgrid combo, comprising batteries, solar panel, inverters, etc. from a customer engaged in trading activities, which is to be delivered in three months.
Waaree Technologies is engaged in trading and assembling of lithium batteries, and the manufacturing facility of the company is situated in Sachin, Gujarat.
The company reported a net loss of Rs 7.50 crore in FY24 compared to a net loss of Rs 1.09 crore in FY23. Net sales declined 2.9% year on year (YoY) to Rs 28.55 crore in the financial year ended 31 March 2024.