Waaree Energies' shares soared 14% on January 31, 2025, following an impressive Q3 performance, driven by a four-fold increase in net profit and a 116% revenue jump. The company's management expressed optimism about future growth, citing strong execution, scalability, and a ₹50,000 crore order book as key drivers.
Stock Performance and Market Reaction
At 9:50 AM, Waaree Energies' shares were trading at ₹2,385 on the NSE, reflecting a significant surge in investor confidence. Trading volumes saw a sharp rise, with 26 lakh shares changing hands, surpassing the one-month daily average of 19 lakh shares.
Stellar Q3 Financial Performance
Revenue: ₹3,457.28 crore (vs. ₹1,596.18 crore in Q3FY24)
- Growth: +116%
Net Profit: ₹492.7 crore (vs. ₹124.5 crore in Q3FY24)
- Growth: 4x increase
Management's Growth Outlook
Waaree Energies' whole-time director and CEO, Amit Paithankar, emphasised the company's strong momentum and strategic growth plans:
"The momentum in this space is stronger than ever, and we are well-positioned to capitalise on it. We continue to build on our strengths, enhancing scalability and internal efficiencies, which has clearly reflected in our 9M FY25 performance. Strong execution and disciplined growth remain at the core of our strategy."
Key Developments & Expansion Plans
- Robust Order Book: Waaree Energies' order book is 26.5 GW and valued at approximately ₹50,000 crore.
- US Expansion: The company has started commercial production of a 1.6 GW solar module line in the US.
- New Manufacturing Facilities:
- A 5.4 GW solar cell facility has begun trial production.
- The US contributed 15-20% of revenue, and Waaree is actively expanding its preszence in high-growth international markets.
Future Prospects & Industry Outlook
Waaree Energies remains well-positioned to capitalise on emerging opportunities as the renewable energy sector grows. The company's strong execution, expanding global footprint, and robust order pipeline make it a key player in the fast-evolving energy landscape.
Market participants will closely watch Waaree Energies' growth trajectory and strategic initiatives in the coming quarters.
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