Waaree Energies Share Price: Q3 results show 260% YoY to ₹506.88 cr, Shares surges 10%
Waaree Energies Ltd shares jumped 10.62 per cent to ₹2,430.35 on the NSE today following the company’s announcement of strong third-quarter results. The renewable energy firm reported a 260 per cent year-on-year increase in profit after tax at ₹506.88 crore for Q3 FY25.
The Mumbai-based company’s total income more than doubled to ₹3,545.27 crore in Q3 FY25, compared to ₹1,651.77 crore in the same quarter last year. EBITDA grew by 257 per cent to ₹809.71 crore, with margins expanding to 22.84 per cent.
The solar module manufacturer recently commenced trial production at its 5.4 GW solar cell manufacturing facility and started commercial production at its 1.6 GW solar module line in the USA. The company currently holds an orderbook of 26.5 GW valued at approximately ₹50,000 crore.
Waaree is diversifying into adjacent businesses with planned investments in electrolyser manufacturing (₹751 crore), lithium-ion storage cell manufacturing (₹2,723 crore), and inverter business (₹130 crore). The US market contributed 15-20 per cent to the company’s revenue mix during the quarter.
The company operates manufacturing facilities with an installed capacity of approximately 15 GW for solar PV modules and 5.4 GW for solar cells, serving customers across India and more than 25 countries worldwide.
