Waaree Renewable Energy Reports Remarkable Q4 Growth
In an impressive display of financial health, Waaree Renewable, a leading player in the renewable energy EPC sector, released its quarterly results for the period spanning January to March 2025. The company has achieved a staggering 83% increase in consolidated net profits, soaring to ₹93.76 crore compared to ₹51.31 crore during the same quarter last year. This growth highlights the company’s robust performance amidst a rapidly evolving energy market.
Revenue Surge in Core Operations
For the fourth quarter of the fiscal year 2024-25, Waaree’s revenue from core operations saw a remarkable surge of 74%, reaching ₹476.57 crore. This figure marks a significant rise from ₹273.31 crore recorded in the same quarter of the previous year. Such a dramatic increase underscores the company’s strong market presence and operational efficiency.
- Core Revenue from EPC Contracts: The company’s success is largely driven by its EPC contracts, where revenues jumped 76% to ₹469.72 crore from ₹266.44 crore year-on-year.
- Power Sales Performance: In contrast, power sales revenue experienced a slight dip of 0.14%, totaling ₹6.85 crore compared to ₹6.86 crore a year earlier.
Rising Expenses Amidst Growth
Despite the impressive revenue growth, Waaree Renewable’s expenses also saw a significant rise, increasing by 75% to ₹356.25 crore from ₹203.27 crore in the prior year. This escalation in costs is primarily attributed to the growing expenses associated with fulfilling EPC contracts.
Positive Stock Market Reaction
Following the announcement of these results on April 16, Waaree Renewable’s shares surged by 9.13%, closing at ₹1,023.90, a notable jump from ₹938.20. Over the past five years, the stock has delivered extraordinary returns of over 50,000%. However, it is important to note that the shares have experienced a decline of 52.69% over the past year.
- Recent Stock Performance:
- One-Month Gain: 29.84%
- Last Five Trading Sessions: Over 15%
As of April 16, Waaree Renewable’s stock trades above its year-low of ₹732.05, with a market capitalization of approximately ₹10,673.81 crore. The peak for the stock was recorded at ₹3,037.75 on April 26, 2024.
In summary, Waaree Renewable’s Q4 results reflect not only impressive profit growth but also a strong operational performance, positioning the company well in the competitive landscape of renewable energy. With ongoing projects and a commitment to innovation, Waaree Renewable is poised for further advancements in the future.
For more insights on financial performance in the renewable sector, check out our latest coverage on the industry trends and analysis.
