Waaree Energies Limited — Updates, 30-01-2025: Press Release

Waaree Energies Ltd. continues to demonstrate strong growth, reporting a 260% YoY increase in PAT for Q3 FY25, reaching ₹5,068.76 million, alongside a 257% rise in EBITDA at ₹8,097.05 million. The total income jumped significantly by 114.63% YoY to ₹35,452.65 million. The company’s order book stands at 26.5 GW, valued at approximately ₹50,000 crore.

In operational developments, trial production has begun at a 5.4 GW solar cell manufacturing facility, while a 1.6 GW solar module line in the USA has commenced commercial production. Waaree Energies is also pursuing strategic investments to enhance growth, with plans for a 300 MW electrolyser manufacturing plant and a 3.5 GWh Lithium-Ion cell manufacturing facility. The performance reflects a robust execution strategy, positioning the company well for future opportunities, particularly in the booming renewable energy sector. Investors should maintain a close watch on further advancements as the company expands its footprint globally, especially in high-potential markets.