Waaree Renewable Technologies Share Price Surges 13.5% After Reporting 66% Rise in Net Profit

Waaree Renewable Technologies, a leading player in the renewable energy sector, witnessed a significant surge in its share price by 13.5% on Friday, April 17. This increase follows the company's report of a substantial 66% rise in its consolidated net profit, reaching ₹155.72 crore for the March quarter compared to the same period last year.

The consolidated net profit for the quarter ending March 31, 2025, was reported at ₹93.76 crore, as stated in an exchange filing. This notable increase in net profit was primarily driven by higher revenues. For the March quarter of FY26, revenue from operations was recorded at ₹1,102.40 crore, compared to ₹476.58 crore in the previous quarter of FY25.

A comparison of the company's financial performance over the past two fiscal years reveals a significant increase in revenue and net profit. In FY26, the net profit totaled ₹478.65 crore, an increase from ₹228.92 crore in FY25. Revenue from operations amounted to ₹3,331.42 crore, showing a two-fold increase relative to ₹1,597.75 crore in FY25.

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The company's strong financial performance is attributed to its robust unexecuted EPC order book of 2.83 GWp, providing it with a strong visibility of project execution. This strategic advantage is expected to contribute to the company's continued growth and success in the renewable energy sector.