Shares of Waaree Energies Ltd surged 11.67% in intraday trade on April 23 to hit ₹2,921.20, extending their winning streak to a ninth straight session. The solar energy stock has now climbed 30% in the past week and 36.46% over the last nine trading days. The surge comes after the company posted its best-ever financial performance for the March quarter and FY25.
In the fourth quarter (Q4 FY25), Waaree Energies reported a 38% year-on-year (YoY) rise in revenue to ₹4,140.92 crore, while net profit soared 255% YoY to ₹648.49 crore. Its EBITDA doubled to ₹1,059.57 crore, representing a 116% increase, and EBITDA margin improved to 25.59%, up from 16.29% in Q4 FY24. PAT margin rose to 15.66% from 6.08% a year earlier.
For the full year FY25, revenue rose 27.6% to ₹14,846.06 crore, while PAT more than doubled to ₹1,932.15 crore, a 107% jump. Annual EBITDA came in at ₹3,123.20 crore, with margin expansion to 21.04% from 15.56%.
Operationally, the company ramped up solar cell production to 2.06 GW in Q4 and 7.13 GW for FY25, and commissioned India’s largest solar cell facility (5.4 GW) in Gujarat. Waaree’s robust 25 GW order book is valued at approximately ₹47,000 crore.
Commenting on the results, Amit Paithankar, Whole Time Director & CEO, said, “FY25 marks a pivotal inflection point in Waaree’s journey—a year where our strategy, scale, and execution converged to deliver industry-leading EBITDA performance of ₹3,123.20 crore.”
The impressive financials and robust operational execution have significantly boosted investor sentiment, as reflected in today’s rally.
