Waaree Renewable Q4 Profit Jumps 83% to ₹94 Crore; Revenue Surges 74%

Waaree Renewable Technologies Ltd (WRTL) is set to be in the spotlight on Thursday after the company posted robust earnings for the quarter ended March 2025. The renewable energy firm reported a consolidated net profit of ₹93.76 crore, marking an 83% year-on-year (YoY) growth from ₹51.31 crore in the same period last year.

Q4 FY25 Performance

WRTL’s revenue from operations surged 74% YoY to ₹476 crore, compared to ₹273 crore in the March quarter of the previous year. The company also reported a 68% rise in EBITDA, reaching ₹126 crore as against ₹75 crore during the corresponding period last year.

For the full financial year FY25, the company clocked a total revenue of ₹1,597.75 crore, an impressive 82.29% increase from ₹876.50 crore reported in FY24. This growth rate significantly outpaces the overall performance of India’s solar sector.

“This performance underlines the strength of our integrated business model, execution capabilities, and deep understanding of the renewable energy ecosystem,” said Manmohan Sharma, CFO of Waaree Renewable Technologies.

Key Leadership Appointments Approved

Alongside its earnings report, the WRTL board approved several strategic leadership changes, effective April 16, 2025:

• Sudhir Arya has been appointed as an Additional (Non-Executive, Independent) Director.
• Sunil Rathi’s role has been elevated from Non-Executive Director to Executive Director, with the terms to be finalised by the board.
• Manmohan Sharma has been officially appointed as Chief Financial Officer (CFO).

Strengthening Sectoral Presence

A subsidiary of Waaree Energies, one of India’s leading renewable energy firms, WRTL continues to strengthen its foothold in the fast-growing solar sector. The company’s strong quarterly and annual performance, combined with its strategic leadership changes, positions it well for future expansion in India’s clean energy landscape.

Stock Performance 

On April 17, 2025, Waaree Renewable Technologies share price traded 3.95% higher at ₹2,316.50 at 9:18 AM (IST). Waaree Renewable Technologies share price reached a 52-week high of ₹3,740.75 and a 52-week low of ₹1,808.65. As per BSE, the total traded volume for the stock stood at 6,274 shares with a turnover of ₹1.44 crores.

Conclusion 

Waaree Renewable Technologies’ strong Q4 and FY25 performance highlights its rapid growth and effective business strategy in the renewable energy space.

With key leadership changes and revenue significantly outpacing industry trends, the company is well-positioned for continued expansion. As a subsidiary of Waaree Energies, WRTL is set to play a vital role in India’s solar future.

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