Waaree Renewable Technologies share price jumps nearly 14% as Q4 profit up 83% to ₹94 crore

The stock climbed as much as 13.98% to ₹1,170 apiece on the National Stock Exchange. At 9:36 am, it was up 12.1% to ₹1,151.

Waaree Renewable Technologies reported about an 83% increase in its consolidated profit after tax to ₹93.76 crore in the fourth quarter of FY25 on account of higher income.

A year back, it had posted a post-tax profit of ₹51.31 crore.

The company's total income advanced to ₹481.43 crore from ₹275.35 crore in the corresponding period of the previous quarter.

Its expenses rose to ₹356.25 crore in the quarter under review, compared to ₹203.27 crore in Q4 FY24.

The company's board appointed Sudhir Arya as an additional director (non-executive, independent director) of the company effective Wednesday, April 16, 2025.

It has also approved the changed designation of Sunil Rathi from non-executive director to executive director.

Manmohan Sharma has been named the Chief Financial Officer from April 16.

Commenting on earnings, Sharma said, "We are pleased to report a revenue of ₹1,597.75 crore for FY25, compared to ₹876.50 crore in FY24, reflecting an impressive growth of 82.29%, significantly outpacing India’s solar sector growth in the same period. This performance underlines the strength of our integrated business model, execution capabilities, and deep understanding of the renewable energy ecosystem.

"As of March 2025, India’s total renewable energy capacity reached 220.10 GW, with solar contributing 105.65 GW. The government aims to achieve 500 GW of renewable energy by 2030, including 280 GW from solar, driving rapid sector growth and creating opportunities for expansion and innovation. This shift is being fueled by supportive policies and advances in clean energy technologies, along with rising demand in the C&I, utility-scale, and hybrid project segments," he added.

The firm's unexecuted order book stands at 3.2 Giga Watt peak (GWp) to be executed between 12 and 15 months. The bidding pipeline remains at 30 GWp.