Waaree Renewable Technologies saw a sharp rise in its share price on Thursday, soaring as much as 14% during intraday trading. The surge came after the company reported robust Q4FY25 results, including an 83% year-on-year increase in net profit and a 74% jump in revenue, signalling strong operational performance and growing investor confidence.
The stock reached a high of ₹1,170 apiece, up from its opening price of ₹1,090. By 11:30 am, shares were trading at ₹1,138, marking a gain of over 11%. The rally was driven by strong quarterly earnings, with net profit rising to ₹94 crore in Q4FY25 from ₹51 crore in the same period last year. Revenue for the quarter climbed to ₹476 crore from ₹273 crore a year ago, reflecting a significant 74% increase.
Operational Strength Despite Margin Pressure
Waaree’s EBITDA also showed a healthy rise, increasing by 62.8% year-on-year to ₹122.4 crore. However, EBITDA margin narrowed slightly to 25.7%, compared to 27.5% in Q4FY24. While margins dipped, the overall growth in earnings and revenue highlighted the company’s expanding footprint in the renewable energy sector.
The company’s annual performance was equally strong. According to CFO Manmohan Sharma, Waaree Renewable reported revenue of ₹1,597.75 crore in FY25, up 82.29% from ₹876.50 crore in FY24. He credited the company’s integrated business model and strong execution capabilities for outperforming broader industry growth trends.
Solid Order Book and Expansion Plans
Waaree’s unexecuted order book stands at 3.2 GWp, which it aims to deliver within the next 12 to 15 months. Its project pipeline is also expanding rapidly, with bidding capacity reaching 30 GWp. Currently, the company has developed 54.82 MWp in solar capacity as an Independent Power Producer and is building an additional 41.6 MWp plant expected to be operational by Q3 FY25.
In addition, Waaree’s Operations and Maintenance portfolio covers around 695 MWp. The company is actively seeking more Engineering, Procurement, and Construction (EPC) opportunities both in India and abroad, underscoring its ambition to expand across key renewable energy markets.
