Waaree Energies Share Price Rose Over 12%: PAT Up Four Fold in Q3FY25

On January 31, 2025, Waaree Energies’ shares saw a significant increase of over 10%, reaching a day high of ₹2,505.85 at 09:20 AM after opening at ₹2,446.85. This surge in Waaree Energies share price followed the company’s announcement of its financial results for the quarter and nine months ending December 31, 2025.

Waaree Energies Q3FY25 Earnings Growth

During Q3FY25, Waaree Energies reported an impressive 260% growth in net profit, which surged to ₹5,068.76 million, up from ₹1,408.06 million in the same quarter of the previous year. This growth was supported by a remarkable increase of approximately 115% in total income, which rose to ₹35,452.65 million compared to ₹16,517.74 million in Q3FY24.

On the operational front, Waaree Energies achieved a 257% increase in EBITDA, which amounted to ₹8,097.05 million. This led to an EBITDA margin of 22.84%, highlighting the company’s strong operational efficiency.

As of the latest update, Waaree Energies boasts a robust order book of 26.5 GW, valued at ₹50,000 crore, positioning the company for sustained growth in the renewable energy sector.

The company also reported production of 1.81 GW in Q3FY25, reflecting an impressive 68% year-on-year growth. This performance reinforces Waaree Energies’ efficient execution strategy.

Waaree Energies Capital Expenditure and Investments

In line with its expansion strategy, Waaree Energies has approved several key investments:

• On November 18, 2024, the Board approved a capital expenditure of ₹551 crores for setting up a 300 MW Electrolyser manufacturing plant, alongside an investment of ₹200 crores.
• On December 23, 2024, the Board also approved a capital expenditure of ₹2,073 crores and an investment of ₹650 crores for setting up a 3.5 GWh Lithium-Ion Advanced Chemistry Storage Cell manufacturing plant.
• Additionally, a capital expenditure of ₹130 crores was approved for its Inverter Business.

Commenting on the results Mr Amit Paithankar, Whole Time Director & CEO, Waaree Energies Ltd said: “As an energy transition company, we see immense opportunities and are well posiƟoned to tap into new business areas. Our solar business continues to be strong and we are rapidly advancing in the adjacencies of energy storage systems, green hydrogen, inverters and renewable infrastructure. The momentum in this space is stronger than ever, and we are well-posiƟoned to capitalise on it.”

He further added, “We continue to build on our strengths, enhancing scalability and internal efficiencies, which have been reflected in our 9M FY25 performance. Strong execution and disciplined growth remain at the core of our strategy. The US contributed ~15-20% of our revenue mix. As we expand globally, we are strengthening our presence in high-potential regions, ensuring that we stay ahead of the curve in this fast-evolving industry. We are excited about the road ahead and remain committed to driving meaningful change in the energy landscape.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.