Waaree Energies Ltd. has posted its strongest-ever quarterly performance for Q4 FY25, setting new benchmarks across revenue, profit, and operational scale. With a YoY growth of 38% in revenue and a staggering 255% jump in profit after tax (PAT), the company is reinforcing its leadership in India’s renewable energy manufacturing space.

Q4 FY25 Key Financial Highlights (YoY Growth)

• Total Revenue: ₹4,140.92 crore (up 37.69%)
• EBITDA: ₹1,059.57 crore (up 116.27%)
• EBITDA Margin: 25.59% vs 16.29% in Q4 FY24
• PAT: ₹648.49 crore (up 254.52%)
• PAT Margin: 15.66% vs 6.08% in Q4 FY24

The company reported a significant operational ramp-up, producing 2.06 GW during Q4 FY25 compared to 1.35 GW in the same quarter last year.

FY25 Full-Year Performance

• Total Income: ₹14,846.06 crore (up 27.62%)
• EBITDA: ₹3,123.20 crore (up 72.59%)
• PAT: ₹1,932.15 crore (up 107.08%)
• Production Volume: 7.13 GW vs 4.77 GW in FY24

The full-year financials reflect Waaree’s disciplined focus on execution, margin optimization, and scaling capacity.

Strong Order Book and Capacity Expansion

• Current Order Book: 25 GW valued at ~₹47,000 crore
• Operational Milestone: India’s largest solar cell facility of 5.4 GW now active in Gujarat
• Expansion Announcements:
  • 1.6 GW module manufacturing line in Brookshire, Texas, USA operational
  • 3.2 GW expansion underway at Chikhli facility

Credit Rating Upgrade

Waaree’s bank credit rating has been upgraded to CARE A+ (Stable) by CARE Ratings, indicating strong financial fundamentals and operational resilience.

Management Commentary

According to Mr. Amit Paithankar, Whole Time Director & CEO:

“FY25 marks a pivotal inflection point in Waaree’s journey. Our strategy, scale, and execution delivered an industry-leading EBITDA of ₹3,123 crore. The expansion into cell, wafer, battery storage, and infrastructure ensures a robust growth pipeline.”

He also forecasted the company’s EBITDA outlook for FY26 to be between ₹5,500 crore to ₹6,000 crore, driven by strong order visibility and new manufacturing capacities.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. All data is based on the company’s official press release dated April 22, 2025.

Published by Paisonomics.com – India’s most trusted platform for market updates, company earnings, and sustainable business insights.