Waaree Energies Share Price Surges After Q4 Profit Growth
Waaree Energies 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 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.
Waaree Energies Share Price Today
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%.
