Waaree Renewables Tech Jumps 10%: Key Q4 Takeaways Behind the Surge

Waaree Renewables shares: The shares of the solar engineering firm witnessed a strong rally on Thursday after the company reported a profit surge of 82.73% on year-on-year basis for Q4FY25. Waree Renewables Technologies' share price surged over 12% on the bourses during the morning trading session.

The company reported a net profit of Rs 93.76 crore in the quarter ending March, compared to Rs 51.31 crore witnessed in the corresponding quarter of the previous fiscal. As for revenue from operations, the figure stood at Rs 476.58 crore, indicating a rise of nearly 74% from Rs 273.31 crore recorded in the same quarter from the previous year.

At 10:45 am, the shares of Waaree Renewables Technologies stood at Rs 1,136.45 price level, up by 10.9% on the National Stock Exchange.

Ebitda margins also soared by 67.79% to Rs 126.33 crore in Q4 from 75.29 crore recorded in Q4FY24, as per the corporate presentation. "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," Manmohan Sharma, CFO of the company said in a release.

Waaree Share price Performance

The shares of the company have remained under pressure so far this year, largely owing to the broader correction in the market. Plus, major C-suit exits earlier this year also took a toll on investor sentiment. Since the start of CY25, the share price has plummeted over 19%.

The once multibagger stock has faced heightened investor pressure, keeping its sharp price in the red territory over the past year. However, over the last three years, the company’s shares have surged more than 2,000%.