Amit Paithankar, Whole Time Director & CEO, Waaree Energies
The shares of Waaree Energies Limited were trading at ₹2,821.30, up by ₹205.40 or 7.85 per cent on the NSE today at 10:25 am.
Waaree Energies Ltd announced substantial financial growth in its Q4 FY25 and full-year results. The solar manufacturer reported total revenue of ₹14,846.06 crore for FY25, marking a 27.62 per cent increase from the previous year.
The company’s Q4 FY25 performance was particularly impressive, with revenue reaching ₹4,140.92 crore, up 37.69 per cent year-over-year. Profit after tax (PAT) for the quarter surged 254.49 per cent to ₹648.49 crore, while full-year PAT grew 107.08 per cent to ₹1,932.15 crore.
Waaree’s production capacity increased significantly, with 7.13 GW produced in FY25 compared to 4.77 GW in FY24. The company has commenced operations at India’s largest solar cell facility, with 5.4 GW capacity in Gujarat.
Looking ahead, Waaree has issued EBITDA guidance of ₹5,500-6,000 crore for FY26, supported by an order book exceeding 25 GW valued at approximately ₹47,000 crore.
“FY25 marks a pivotal inflection point in Waaree’s journey,” said Amit Paithankar, Whole Time Director & CEO. The company’s growth strategy includes focusing on margin quality and expanding both backward and forward integration.
Waaree’s board recently approved an additional 1.6 GW module manufacturing line at its Brookshire, Texas facility and 3.2 GW module manufacturing capacity at its Chikhli plant, reinforcing its commitment to local manufacturing in key markets.
Published on April 23, 2025
