Waaree Energies Limited, founded in 1989 and based in Mumbai, India, is a leading solar energy firm known for its massive 12 GW manufacturing capacity spread over five locations in Gujarat and Uttar Pradesh. The company provides a wide range of goods, including solar photovoltaic (PV) modules, inverters, and sophisticated energy storage solutions.
The net profit of Waaree Energies Ltd. increased by 17% during the second quarter of fiscal 2025. An exchange filing on Monday stated that the solar module manufacturer’s consolidated net profit increased to Rs 375.66 crore in the September quarter from Rs 320.12 crore in the same period last year.
Waaree Energies Q2 results
Waaree Energies reported a 14.7% increase in its consolidated net profit attributable to business owners in the second quarter of the 2024–2025 fiscal year, which came to ₹361.6 crore. Post-tax profit for the same period last year was ₹315 crore. Compared to the same period last fiscal year, when it was ₹3,537.2 crore, its consolidated revenue from operations increased by 1% to ₹3,574.3 crore in the quarter that ended in September 2024.
This is the first quarterly report that Waaree Energies Ltd. has released since becoming public in October. With a 69.66% premium over the issue price of ₹1,503, the stock debuted on the market at ₹2,550. Comparing Q2 FY25 to the same quarter last year, total income climbed 2.9% to ₹3,663.4 crore from ₹3,558.5 crore.
Waaree Energies Stock Performance
The board of Waaree Energies has approved a ₹600 crore investment in its subsidiaries to promote the development of infrastructure for renewable energy projects, in addition to the company’s financial performance. Additionally, the company intends to produce lithium-ion batteries for energy storage systems and green hydrogen electrolyzers. The company’s stock price increased 6.81% to close at ₹3,115.50 from ₹2,916.90 the previous session, indicating a promising performance. This indicates that investors have a great deal of faith in its expansion and future goals.
