Waaree Energies Limited reported a 260% year-on-year (YoY) growth in its consolidated net profit for Q3 FY25, reaching ₹507 crore, up from ₹141 crore in the corresponding quarter last year. The significant profit surge was fueled by higher operational efficiencies and increased demand for solar photovoltaic modules.
Financial highlights:
- Net profit: ₹507 crore (up 260% YoY)
- Revenue from operations: ₹3,458 crore (up 117% YoY from ₹1,596 crore)
- Total expenses: ₹2,855 crore (up 88% YoY from ₹1,517 crore)
The company’s primary revenue driver, solar photovoltaic modules, saw a 122% increase to ₹3,108 crore from ₹1,402 crore in the same quarter last year, reflecting strong growth in renewable energy demand.
Stock details:
- Current price: ₹2,384.80 (up 8.54%)
- Previous close: ₹2,197.10
- Day range: ₹2,375.60 – ₹2,505.50
- Market cap: ₹686.02 billion
- 52-week range: ₹2,026.00 – ₹3,743.00
Waaree Energies continues to benefit from rising investments in green energy initiatives, although the company noted that higher raw material and operational expenses contributed to an 88% increase in total costs.
Outlook:
The company remains optimistic, with a strong order pipeline for solar projects. Analysts suggest that if the current growth trajectory in solar PV modules persists, Waaree could see further improvements in revenue and profitability in the coming quarters.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your research or consult a financial advisor before making investment decisions.
