At 10:21 AM on April 23, 2025, Waaree Energies shares were trading at ₹2,827, up 8% from the previous close of ₹2,615. The stock opened today at ₹2,820 and touched a low of ₹2,740 and high of ₹2,855 on the BSE. This jump came after the company posted strong financial results for the fourth quarter (Q4FY25) on Tuesday, after market hours.
Waaree Energies Q4 Results
Waaree Energies reported a 34% rise in net profit for the quarter ending March 31, 2025. The profit increased to ₹618.91 crore, compared to ₹461.52 crore in the same quarter last year. The consolidated revenue also saw a 36% jump, reaching ₹4,003.93 crore from ₹2,935.84 crore a year ago.
The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) stood at ₹1,059.57 crore, up from ₹489.94 crore last year — a solid 116% year-on-year growth. The EBITDA margin improved to 25.59%, compared to 16.29% in the same period last year, indicating better efficiency and cost control.
Management Confident About Future Growth
In its investor update, the company shared a strong outlook for FY26, with projected EBITDA between ₹5,500 crore and ₹6,000 crore. CEO Amit Paithankar said that FY25 was a turning point for Waaree, highlighting the success of its strategy, scale, and execution.
He mentioned that Waaree’s 1.6 GW solar module plant in Texas, USA is now operational. This shows the company’s commitment to local production in international markets, especially in the US. Their “local-for-local” strategy and focus on efficient supply chains are expected to support continued growth despite global policy changes.
Founded in 1990, Waaree Energies is one of India’s top renewable energy companies, headquartered in Mumbai. It operates solar manufacturing facilities with a total capacity of 15 GW for PV modules and 5.4 GW for solar cells. The company plays a key role in supporting India’s clean energy mission and is expanding globally.