Waaree Energies Ltd. reported nearly a fourfold jump in its net profit for the third quarter of financial year 2025.
India's largest solar panel manufacturer's net profit rose 294% year-on-year to Rs 493 crore in the third quarter, as per its exchange filing.
Waaree Energies Q3 FY25 Results Highlights (YoY)
Revenue rose 116% to Rs 3,457 crore versus Rs 1,596 crore.
Ebitda rose 322% to Rs 722 crore versus Rs 171 crore.
Margin at 20.9% versus 10.7%.
Net profit up 294% to Rs 493 crore versus Rs 125 crore.
Waaree Energies' order book to date stands at 26.5 GW valued at Rs 50,000 crore.
Trial production commenced at a 5.4 GW solar cell manufacturing facility during the quarter. A 1.6 GW solar module line in the US also commenced its commercial production.
"The US contributed ~15-20% of our revenue mix. As we expand globally, we are strengthening our presence in high-potential regions, ensuring that we stay ahead of the curve in this fast-evolving industry. We are excited about the road ahead and remain committed to driving meaningful change in the energy landscape," said Amit Paithankar, Whole Time Director and CEO.
Shares ended 0.82% lower at Rs 2,190.65 apiece, ahead of the results, compared to a 0.3% gain in the benchmark BSE Sensex.
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