Shares of Waaree Energies jumped nearly 15% after the solar module maker posted a strong set of numbers for Q4 FY25, riding on scale, execution, and margin expansion.
By the numbers: net profit rose 34% YoY to ₹618.9 crore, while revenue from operations climbed 36% to ₹4,003.9 crore.
EBITDA more than doubled, rising 120.6% YoY to ₹922.6 crore, with margins expanding to 23%—up from 14.3% a year ago.
Production also surged, with Waaree manufacturing 2.06 GW of modules in the quarter, compared to 1.35 GW in Q4 FY24.
Waaree has also gone global. Its 1.6 GW facility in Texas, USA is now operational, strengthening its "local-for-local" strategy in a sensitive trade environment.
Zoom out: with a robust 25 GW order book worth ₹47,000 crore and an EBITDA outlook of ₹5,500–6,000 crore for FY26, Waaree is solidifying its position not just as a domestic solar leader—but as a serious global contender in clean energy manufacturing.
