Waaree Energies reported a sharp rise in its net profit for the quarter ended March 31, with earnings reaching ₹648.49 crore — more than double the figure from the same period last year, driven by higher revenue. Quarterly revenue rose to ₹4,140.92 crore, showing an annual growth of 37.7%.
According to the company, profit after tax (PAT) increased by 254.5% compared to the same quarter in the previous year. For the financial year ended March 2025, Waaree’s net profit reached ₹1,932.15 crore, up 107.1% year-on-year. Annual revenue climbed to ₹14,846.06 crore, a 27.6% increase from the previous year.
As of March 2025, the company holds an order book of over 25 gigawatts (GW), valued at ₹47,000 crore, with significant demand from large-scale utility developers as well as the commercial and industrial sectors. Waaree’s total production output for FY25 stood at 7.13 GW, compared to 4.77 GW in FY24.
“This year’s results reflect strong project execution and a healthy order pipeline with a clear focus on profitability,” said Amit Paithankar, Whole Time Director and CEO of Waaree Energies Ltd. “Our 1.6 GW solar module plant in Brookshire, Texas is now fully operational.”
Looking ahead, the company expects EBITDA for FY26 to fall between ₹5,500 crore and ₹6,000 crore, supported by its current order portfolio and delivery capabilities. To support continued expansion, Waaree plans to grow its presence in international markets and reinforce its standing in India. In March 2025, the board approved the addition of another 1.6 GW module production line at its Brookshire facility in the U.S.
Waaree Energies plays a key role in helping India achieve its ambitious goal of 500 GW of renewable energy by 2030. Founded in 1990 and headquartered in Mumbai, Waaree is India’s leading renewable energy company. The company operates global manufacturing facilities with a combined solar PV module capacity of approximately 15 GW, including a 1.3 GW plant in India and a 1.6 GW plant in Texas, USA. With a focus on sustainability, Waaree Energies continues to provide cutting-edge, cost-effective energy solutions, further strengthening India’s position in the global renewable energy market.
