New Delhi, Oct. 10 -- With India's solar energy capacity continuing to expand, domestic brokerage Nuvama Institutional Equities expects a strong September-quarter performance from solar module manufacturers Waaree Energies and Premier Energies.

The brokerage estimates Waaree to record a strong jump in revenue to Rs.51 billion, up 41 per cent year-on-year and 14 per cent quarter-on-quarter, with EBITDA at Rs.11 billion, doubling from last year and rising 7 per cent sequentially.

This growth is expected to be driven by robust demand and improved operational efficiencies resulting from higher production, with margins projected to expand by 635 basis points year-on-year to 21 per cent.

Waaree's solar module production is expected to rise t...