Waaree Renewable shares jump 14% after revenue, profit expands by over 70% in Q4

Shares of Waaree Renewable Technologies Ltd. climbed as much as 14% during Thursday’s trading session after the company reported stellar earnings for the January–March 2025 period.

The company’s topline rose 74% year-on-year to ₹476 crore, up from ₹273 crore in the same quarter last year.

Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) grew 62.8% year-on-year to ₹122.4 crore. However, EBITDA margins declined slightly to 25.7%, compared to 27.5% a year ago.
Net profit surged 83% year-on-year to ₹94 crore, compared to ₹51 crore in the corresponding quarter of the previous year.
Waaree Renewable’s unexecuted order book stands at 3.2 GWp, which the company expects to execute over the next 12 to 15 months. Meanwhile, its bidding pipeline has reached 30 GWp.

In terms of Independent Power Producer (IPP) assets, the company has developed 54.82 MWp of solar power generating capacity and is in the process of setting up a 41.6 MWp IPP plant, targeted for commissioning in Q3 FY25.

The company’s Operations and Maintenance (O&M) portfolio currently stands at approximately 695 MWp.

Waaree Renewable also said that it is actively evaluating opportunities in both domestic and international markets to secure additional Engineering, Procurement, and Construction (EPC) contracts.

WRTL is a subsidiary of Waaree Energies, a prominent player in India’s renewable energy sector.

Waaree Renewable Technologies shares are currently trading 11.29% higher at ₹1,139.45. Despite today’s rally, the stock has declined 19% so far in 2025. The company’s current market capitalisation stands at ₹11,900 crore.