Waaree Energies Ltd, one of India’s leading solar panel manufacturers, delivered an impressive performance in the fourth quarter of FY25, recording a 34.1% year-on-year (YoY) increase in net profit, which stood at ₹618.9 crore.
The company also reported a 36.4% jump in revenue to ₹4,003.9 crore during the same period.
Strong Operating Metrics
A standout figure in the results was the sharp growth in EBITDA, which more than doubled surging 120.6% YoY to ₹922.6 crore. The EBITDA margin improved significantly from 14.3% in Q4 FY24 to 23% in Q4 FY25, reflecting better operational efficiency and a healthier product mix.
Full-Year FY25 Highlights
- Revenue: ₹14,846.06 crore (27.62% YoY growth)
- Profit After Tax (PAT): ₹1,932.15 crore (up 107.08% YoY)
- Module production: 7.13 GW for the year, up from 4.77 GW in FY24
In Q4 alone, Waaree produced 2.06 GW of solar modules, up from 1.35 GW in the same quarter last year.
Capacity Expansion Plans
To keep up with demand and drive global growth, Waaree’s board has approved significant capacity expansions. These include:
- A 1.6 GW solar module manufacturing line at its facility in Brookshire, Texas, USA
- 3.2 GW additional capacity at its Chikhli plant near Pune
These initiatives aim to solidify Waaree’s position in both domestic and international markets.
Leadership Insight
Amit Paithankar, Whole Time Director and CEO, highlighted FY25 as a “pivotal inflection point” in Waaree’s journey, pointing to the company’s strategic focus and execution capabilities that led to a record EBITDA of ₹3,123.2 crore for the full fiscal year.
Share Price Performance
On April 22, 2025, Waaree Energies’ stock closed at ₹2,615.90, reflecting a strong 6.93% gain. The bullish momentum continued into the next session, with the stock opening sharply higher at ₹2,820.00—marking a 7.80% jump over the previous close.
Read More: Jio Financial Shares in Focus On Strong Q4 Performance, Dividend Announcement.
Conclusion
Waaree Energies continues to ride the solar wave with strong financials, significant manufacturing expansion, and robust leadership execution. With ambitious plans in India and the US, the company is well-poised to capitalise on the global renewable energy push.
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