Waaree Energies shares in focus after Q4 profit rises 34% to Rs 619 crore, revenue up 36%

Synopsis

Waaree Energies reported a robust Q4, with net profit surging 34.1% YoY to Rs 618.9 crore, driven by a 36.4% rise in revenue to Rs 4,003.9 crore. EBITDA more than doubled, and module production increased significantly. The company's board approved capacity expansions in Texas and Pune to support future growth, while analysts suggest a 'Hold' rating on the stock.

Waaree Energies shares will be in focus on Wednesday after the solar panel maker reported a strong Q4 performance, with net profit rising 34.1% year-on-year (YoY) to Rs 618.9 crore for the quarter ended March 31, 2025.

In the same quarter last year, the company had reported a profit of Rs 461.5 crore. Revenue from operations jumped 36.4% to Rs 4,003.9 crore, up from Rs 2,935.8 crore in the year-ago period, according to the company’s regulatory filing.

EBITDA more than doubled to Rs 922.6 crore in Q4 FY25, up 120.6% from Rs 418.3 crore in the same quarter last year. The EBITDA margin improved to 23% from 14.3% a year ago.

The company produced 2.06 GW of solar modules in the fourth quarter, up from 1.35 GW in the same period last year. For the full year, module production reached 7.13 GW, compared to 4.77 GW in FY24.

For the full financial year FY25, revenue rose 27.62% YoY to Rs 14,846.06 crore. Profit after tax more than doubled to Rs 1,932.15 crore, a 107.08% rise over FY24.

To support future growth, the company’s board approved new capacity additions. These include a 1.6 GW module line at its facility in Brookshire, Texas, and new manufacturing lines with a total capacity of 3.2 GW at its Chikhli plant near Pune.

Amit Paithankar, Whole Time Director and CEO, Waaree Energies Ltd, 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. This performance underscores the strength of our execution capabilities and the quality of our order book, with a centred focus on margins."

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Waaree Energies shares price target

As per Trendlyne data, the average target price of the stock is Rs 2,254, which shows a downside of 14% from the current market prices. The consensus recommendation from 4 analysts for the stock is a 'Hold'.

Waaree Energies shares price performance

On Tuesday, Waaree Energies shares closed at Rs 2,611.8 on the BSE, up 6.9%, while the benchmark Sensex surged 0.24%. The stock is down 9% year-to-date but gained 11% over the past one month. Its market capitalisation currently stands at Rs 75,034 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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