Waaree Energies Ltd saw its share price climb 6% in intraday trading, reaching ₹2,378.75, as investors anticipate the company's upcoming Q4 results announcement. The renewable energy solutions provider is set to declare its financial results for the quarter and year ended March 31, 2025, on April 22, 2025.

Board Meeting and Results Announcement

The company has informed the stock exchanges that a meeting of its Board of Directors is scheduled for Tuesday, April 22, 2025. During this meeting, the board will consider and approve the Audited Financial Results (Standalone and Consolidated) for the quarter and fiscal year 2024-25.

Trading Window Closure

In compliance with the Securities and Exchange Board of India (SEBI) regulations and the company's Insider Trading Code, Waaree Energies has closed the trading window for insiders from April 1, 2025. This restriction will remain in effect until 48 hours after the declaration of the audited financial results, ensuring fair trading practices and preventing potential insider trading.

Analyst and Investor Conference Call

Following the results announcement, Waaree Energies will host a conference call for analysts and investors on Wednesday, April 23, 2025, at 11:00 AM IST. This call will provide an opportunity for stakeholders to discuss the Q4 and FY25 results with the company's management team.

Key participants from Waaree Energies in the conference call will include:

• Mr. Amit Paithankar (Whole Time Director & CEO)
• Ms. Sonal Shrivastava (Chief Financial Officer)
• Mr. Abhishek Pareek (Group Head - Finance)
• Mr. Rohit Wade (General Manager-Investor Relations)

The recent share price surge suggests that market participants are optimistic about Waaree Energies' performance in the fourth quarter. However, investors and analysts will need to wait for the official results to gain a clear picture of the company's financial health and performance for the quarter and the entire fiscal year 2024-25.

Waaree Energies Limited has marked a significant milestone in India's renewable energy sector with the inauguration of its 5.4 GW solar cell gigafactory in Chikhli, Gujarat. The event, which took place on March 29, 2025, represents a major step forward in the country's clean energy manufacturing capabilities.

Gigafactory Details

The state-of-the-art facility, spanning 150 acres with a built-up area of 101 acres, is now India's largest solar cell manufacturing plant. This gigafactory is expected to play a crucial role in advancing India's position in the global renewable energy market and supporting the nation's ambitious target of achieving 500 GW of renewable energy capacity by 2030.

Economic Impact

The new facility is poised to create substantial employment opportunities, with projections indicating:

• 9,500 direct jobs
• 30,000 indirect employment opportunities

This significant boost to local employment underscores Waaree Energies' commitment to economic development alongside technological advancement.

Inauguration Ceremony

The inauguration ceremony was graced by several dignitaries, including:

• Shri Bhupendrabhai Patel, Honourable Chief Minister of Gujarat
• Shri Pralhad Joshi, Honourable Minister of New and Renewable Energy
• Shri C. R. Patil, Minister of Jal Shakti
• Other senior ministers from Gujarat and Members of Parliament

Strategic Importance

Hitesh Doshi, Chairman & Managing Director of Waaree Energies Ltd., emphasized the strategic importance of the facility, stating, "This is our national manifesto, etched in solar cells: a blueprint that will rewrite our economic trajectory, disrupt global technological paradigms, and elevate India from a passive consumer to the vanguard of the global clean energy revolution."

Technological Advancements

The Chikhli facility is equipped with high-efficiency solar cell technology, reflecting Waaree's focus on research-driven innovation and precision engineering. This advancement is expected to enhance India's self-reliance in clean energy technologies and contribute significantly to the country's decarbonization goals.

Company Background

Waaree Energies, established in 1990, has grown to become a leading player in India's renewable energy sector. With this new addition, the company's total installed capacity for solar PV modules has reached approximately 15 GW globally, including facilities in India and the United States.

Market Impact

The commencement of commercial operations at the new solar cell manufacturing facility, which began on March 29, 2025, at 1:00 PM, is expected to strengthen Waaree Energies' market position and contribute to India's growing influence in the global renewable energy landscape.

As India continues to push for greater adoption of clean energy, Waaree Energies' new gigafactory stands as a testament to the country's commitment to sustainable development and technological innovation in the renewable energy sector.