April 25, 2025:
Waaree Energies’ share price dropped by nearly 9% on Friday morning. This happened because a lock-in period ended, which means 15 crore shares can now be sold in the stock market. These shares make up about 53% of all the company’s shares. But just because they can be sold doesn’t mean all of them will be.
Even though the stock fell, Waaree Energies did really well in the last three months. The company makes solar panels. In the January-March 2025 quarter, it made a profit of ₹618.9 crore — that’s 34% more than the same time last year. It also earned more money, with revenue going up to ₹4,003.9 crore, which is a 36% increase.
The company’s earnings before tax and other costs (called EBITDA) more than doubled to ₹922.6 crore. Their profit margin also got better — from 14.3% last year to 23% now.
Waaree Energies made 2.06 gigawatts (GW) of solar panels this quarter, up from 1.35 GW last year. For the full year, they produced 7.13 GW, which is a big jump from 4.77 GW the year before.
For the whole financial year (FY25), the company earned ₹14,846 crore in revenue and had a profit of ₹1,932 crore — more than double what it made the year before.
Even with strong results, some experts think the share price might still fall. Four analysts have given the stock a ‘Sell’ rating, and the average target price is ₹2,352 — lower than the current price.
On Thursday, Waaree Energies shares closed at ₹2,840. The stock is up 27% in the last three months, but down 1% since the beginning of the year.
