Waaree Energies , India's leading renewable energy company, has announced robust financial results for the fourth quarter and fiscal year 2025, alongside strategic corporate actions to streamline its operations.

Financial Highlights

Waaree Energies reported impressive growth in its consolidated financial results for Q4 FY25:

• Total revenue surged by 37.69% year-over-year to ₹4,140.92 crore
• EBITDA more than doubled, increasing by 116.27% to ₹1,059.57 crore
• Net profit saw a remarkable rise of 254.52% to ₹648.49 crore

For the full fiscal year 2025, the company's performance remained strong:

• Annual revenue grew by 27.62% to ₹14,846.06 crore
• EBITDA increased by 72.59% to ₹3,123.20 crore
• Net profit rose by 107.08% to ₹1,932.15 crore

Operational Achievements

The company's operational metrics also showed significant improvement:

• Order book stands at 25 GW, valued at approximately ₹47,000 crore

Strategic Corporate Actions

Waaree Energies' Board of Directors approved several key initiatives:

Subsidiary Restructuring

The company will transfer its wholly-owned subsidiary, Waaneep Solar One Private Limited, to another subsidiary, Waaree Forever Energies Private Limited. As of March 31, 2025, Waaneep Solar had no income and a negative net worth of ₹48.24 lakh.

Acquisition of IPP Companies

Waaree Forever Energies Private Limited plans to acquire four non-operating Independent Power Producer (IPP) companies to facilitate its project holding structure. These companies are:

• Panch Bhuta Energies Private Limited
• Voltshift Energy Transition Private Limited
• Impactgrid Renewables Private Limited
• Nezero Forever Renewables Private Limited

Manufacturing Expansion

• Establishment of an additional 1.6 GW module manufacturing line at the facility in Brookshire, Texas, USA
• Setting up additional module manufacturing lines with a capacity of 3.2 GW at the Chikhli plant in India

Future Outlook

Dr. Amit Paithankar, Whole Time Director & CEO of Waaree Energies Ltd, commented on the results: "FY25 marks a pivotal inflection point in Waaree's journey- a year where our strategy, scale, and execution converged to deliver industry-leading EBITDA performance of ₹3,123.20 crore. This performance underscores the strength of our execution capabilities and the quality of order book, with centered focus on margins."

The company provided an optimistic EBITDA outlook for FY26, projecting between ₹5,500 crore to ₹6,000 crore.

Conclusion

Waaree Energies' strong financial performance, coupled with its strategic initiatives in manufacturing expansion and subsidiary restructuring, positions the company for continued growth in the renewable energy sector. The robust order book and positive outlook for FY26 indicate sustained momentum in the coming year.

Waaree Energies , India's leading renewable energy company, has announced impressive financial results for the fourth quarter of fiscal year 2025, alongside an optimistic EBITDA outlook for FY26.

Q4 FY25 Financial Highlights

The company reported substantial year-on-year growth in its Q4 FY25 results:

*Excluding exceptional items

FY25 Annual Performance

For the full fiscal year 2025, Waaree Energies demonstrated strong growth across key financial metrics:

*Excluding exceptional items

FY26 EBITDA Outlook

The CEO of Waaree Energies has provided a positive EBITDA outlook for FY26, projecting figures between ₹5,500 crore to ₹6,000 crore. This forecast represents a substantial increase from the FY25 EBITDA of ₹3,123.20 crore, indicating the company's confidence in its growth trajectory and operational efficiency.

Operational Highlights

• Production capacity increased to 2.06 GW in Q4 FY25, up from 1.35 GW in Q4 FY24.
• The company's order book stands at 25 GW, valued at approximately ₹47,000 crore.
• Waaree Energies operationalized India's largest cell facility with a 5.4 GW capacity in Gujarat.

Strategic Developments

The company has made several strategic moves to strengthen its market position:

1. Expansion of module manufacturing capacity:

   • Additional 1.6 GW line at the Brookshire, Texas facility in the USA.
   • New 3.2 GW capacity at the Chikhli plant in India.

2. Credit rating upgrade to CARE A+ stable, reflecting improved financial strength.

3. Successful completion of an Initial Public Offer (IPO) in October 2024, raising ₹3,600 crore through a fresh issue of shares.

Management Commentary

Dr. Amit Paithankar, Whole Time Director & CEO of Waaree Energies Ltd, commented on the results: "FY25 marks a pivotal inflection point in Waaree's journey - a year where our strategy, scale, and execution converged to deliver industry-leading EBITDA performance of ₹3,123.20 crore. This performance underscores the strength of our execution capabilities and the quality of order book, with centered focus on margins."

He further added, "We see encouraging demand trends, which bodes well for future growth. Waaree is focused on both backward and forward integration, reflected in our expansion and investment plans including cell, ingot and wafer manufacturing, battery energy storage system, power infrastructure and inverters."

With its strong financial performance, strategic expansions, and positive outlook, Waaree Energies appears well-positioned to capitalize on the growing renewable energy market and drive sustainable growth in the coming years.