Waaree Energies Share Price Surges After Q4 Profit Growth

Waaree Energies Ltd. saw its share price surge to over three-month high after its net profit rose in the fourth quarter of fiscal 2025.

The company reported a 34% increase in its consolidated net profit for the fourth quarter of financial year 2025, as per an exchange filing on Tuesday. India's largest solar panel manufacturer posted a net profit of Rs 619 crore for the March quarter, up from Rs 461 crore in the same period last year.

Waaree Energies' consolidated revenue rose by 36.4%, reaching Rs 4,004 crore compared to Rs 2,936 crore in the year-ago period. This significant growth reflects the company's strong performance and market demand.

At the end of the quarter, the company's order book stood at 25 GW, with a total value of Rs 47,000 crore. This robust order book indicates a healthy pipeline of projects and future revenue potential.

The scrip rose as much as 9.14% to Rs 2,855 apiece. It pared gains to trade 8.87% higher at Rs 2,847.80 apiece, as of 10:03 a.m. This compares to a 0.52% advance in the NSE Nifty 50.

It has risen 21.76% in the last 12 months. Total traded volume so far in the day stood at 15 times its 30-day average. The relative strength index was at 77.

Out of four analysts tracking the company, one maintain a 'buy' rating, one recommends a 'hold' and two suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies a downside of 20.3%.