Waaree Energies Q4 Results: Net profit rises 34% to ₹619 crore, revenue up 36% YoY; stock rallies 21% in 5 days

Waaree Energies Q4 Results: Waaree Energies announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Tuesday, April 22, reporting a rise of 34 per cent in consolidated net profit to ₹619 crore, compared to ₹461.5 crore in the corresponding period last year.

On Tuesday, shares of Waaree Energies opened at ₹2,520 and climbed over five per cent to hit an intraday high of ₹2,650 before settling 6.93 per cent higher at ₹2,611.85 apiece on the BSE. Shares of Waaree Energies have rallied 21 per cent in the last five sessions, nine per cent in one month and 13 per cent in one year. However, the stock has shed nearly eight per cent year-to-date (YTD).

Waaree Renewable Technologies Ltd (WRTL) on Wednesday posted about 83 per cent rise in its consolidated net profit to ₹93.76 crore in the March quarter on account of higher income.

It had reported a net profit of ₹51.31 crore in the January-March period of the preceding 2023-24, the company said in an exchange filing.

The company's total income rose to ₹481.43 crore from ₹275.35 crore in the same quarter a year ago.

Its expenses stood at ₹356.25 crore against ₹203.27 crore in the year-ago quarter.

The company's board has also approved the appointment of Sudhir Arya as an Additional Director in the category of (Non-Executive, Independent Director) of the company with effect from Wednesday, April 16, 2025.

It has also approved the changed designation of Sunil Rathi from Non-Executive Director to Executive Director on terms and conditions as may be decided by Board with the effect from Wednesday, April 16, 2025.