Waaree Energies Reports ₹648.49 Crore Profit in Q4; Shares Surge 19%
Waaree Energies share: Waaree Energies Limited reported a stellar performance in the January-March 2025 quarter, recording a net profit of ₹648.49 crore – more than double the previous year's figure. This b performance led to a significant 19% intra-day surge in the company's share price on Wednesday.
37% Revenue Growth, 254% YoY Profit Increase
The company's total quarterly revenue increased by 37.69% to ₹4,140.92 crore. On a year-on-year basis, post-tax profit (PAT) saw a remarkable 254.49% jump. For the entire fiscal year 2024-25, the company's total net profit increased by 107.08% to ₹1,932.15 crore, while annual revenue grew by 27.62% to ₹14,846.06 crore.
Order Book Exceeds 25 GW, Valued at ₹47,000 Crore
As of March 2025, Waaree Energies' order book exceeded 25 gigawatts (GW), with a total value of approximately ₹47,000 crore. These orders were primarily secured from utility-scale developers and the Commercial & Industrial (C&I) segment.
EBITDA Target of ₹6,000 Crore
Amit Paithankar, CEO of the company, stated that Waaree Energies' EBITDA target for FY 2025-26 is set between ₹5,500 crore and ₹6,000 crore. He attributed this ambitious target to the b order book and enhanced execution capabilities.
New Manufacturing Unit in the USA
Waaree Energies is also working on establishing a new 1.6 GW module production line in Brookshire, Texas, USA. This expansion will further strengthen the company's global presence.
Exceptional Share Return
At 2:07 PM on Wednesday, Waaree Energies' share price on the BSE was trading at ₹3035.10, up by 16.20%. The company's market capitalization reached ₹87,707.56 crore. The share price has shown remarkable growth – 35.67% in the last week, 40.83% in the last two weeks, and 28.38% in the last month. Over the past three months, the stock has seen a 28.97% increase.
