Waaree Energies Shares Drop Nearly 9% as Lock-In Period Ends for Major Stake

On April 25, 2025, Waaree Energies share price witnessed continued pressure, trading at ₹2,736.90 down ₹103 or 3.63% at 9:45 AM on the NSE from the previous close of ₹2,839.90.

The stock opened significantly lower at ₹2,625, reflecting cautious market sentiment, and touched an intraday low of around 9% to ₹2,590.20 before recovering slightly.

The decline comes as the lock-in period for nearly 15 crore shares expired, making them eligible for trading. These shares represent around 53% of the company’s total equity.

The company’s market cap currently stands at ₹81,601 crore.

Strong Q4 FY25 Performance

Despite the market volatility, Waaree Energies posted impressive results for the fourth quarter of FY25:

• Net Profit rose by 34.1% YoY to ₹618.9 crore, up from ₹461.5 crore in Q4 FY24.

• Revenue from Operations increased by 36.4% YoY to ₹4,003.9 crore.

• EBITDA more than doubled to ₹922.6 crore, a 120.6% jump from ₹418.3 crore.

• EBITDA Margins improved significantly from 14.3% to 23%.

The company also scaled its production capacity significantly. In Q4 alone, Waaree produced 2.06 GW of solar modules, compared to 1.35 GW in the same quarter last year. For the full fiscal year, module output reached 7.13 GW, up from 4.77 GW in FY24.

Full-Year Financials Reflect Robust Growth

For the full year FY25:

• Revenue climbed by 27.62% YoY to ₹14,846.06 crore.

• Profit After Tax (PAT) more than doubled, growing 107.08% to ₹1,932.15 crore.

Read More: These Mid and Small Cap Shares to Trade Ex-Date on April 25: Do You Own Any?

Conclusion

Waaree Energies has delivered strong financial performance in FY25, with significant increases in net profit, revenue, and production capacity. However, the expiration of the lock-in period for a substantial portion of the company’s shares has led to a sharp drop in its stock price.

Meanwhile, the company’s solid quarterly and full-year results reflect a positive growth trajectory. Investors are encouraged to stay informed and assess the ongoing developments carefully before making any decisions.

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