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<p>Waaree Energies Q1 FY27

Management also disclosed selling prices. Exports fetch about 25 to 26 cents for each watt of rated capacity. Panels meeting India's domestic content rules fetch 24 to 25 cents, and the rest 13 to 14 cents. Management named captive cell substitution as the single biggest lever on margin in the year to March 2027. That means making its own cells rather than buying them in. The Indian cell line holds 5.4 GW of capacity. Management's own slide put its use during the quarter at roughly 2% of that, measured over a year.

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Waaree Energies Q1 FY27
Management also disclosed selling prices. Exports fetch about 25 to 26 cents for each watt of rated capacity. Panels meeting India's domestic content rules fetch 24 to 25 cents, and the rest 13 to 14 cents. Management named captive cell substitution as the single biggest lever on margin in the year to March 2027. That means making its own cells rather than buying them in. The Indian cell line holds 5.4 GW of capacity. Management's own slide put its use during the quarter 

Waaree Energies Q1 FY27 Management also disclosed selling prices. Exports fetch about 25 to 26 cents for each watt of rated capacity. Panels meeting India's domestic content rules fetch 24 to 25 cents, and the rest 13 to 14 cents. Management named captive cell substitution as the single biggest lever on margin in the year to March 2027. That means making its own cells rather than buying them in. The Indian cell line holds 5.4 GW of capacity. Management's own slide put its use during the quarter at roughly 2% of that, measured over a year. Link in comments

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