Waaree Energies Limited — PPTs, 30-01-2025: Investor Presentation

**Financial Highlights:** Waaree Energies reported a robust performance for the quarter and nine months ended December 31, 2024. Revenue surged to ₹35,453 million, up 115% YoY, with a PAT of ₹5,069 million reflecting a remarkable growth of 260%. The EBITDA for the period reached ₹8,097 million, marking a 257% increase, with margins at 22.8%.

**Strategic Initiatives and Growth Drivers:** The company has a solid order book of 26.5 GW valued at approximately ₹50,000 crore. Waaree is expanding beyond solar, with substantial investments in green hydrogen electrolyser and battery projects, alongside a strategic acquisition of Enel Green Power India for ₹792 crore.

**Business Developments:** Recent achievements include commencing trial production at a 5.4 GW cell manufacturing facility in Gujarat and initiating commercial production at the 1.6 GW module plant in Texas, USA, which suggests strong international operational prospects.

**Market Position and Competitive Advantage:** As a leader in solar module manufacturing, Waaree is poised to capitalize on the growing renewable energy demand, supported by favorable government policies and a diverse production portfolio.

**Investor Implications:** With an expanding capacity and impressive financial performance, Waaree Energies shows a positive growth trajectory. The focus on renewable energy solutions positions the company well for future opportunities while enhancing shareholder value significantly.