Waaree Energies Limited has reported strong financial performance for the third quarter of the fiscal year 2025, with significant year-on-year growth. The company achieved a 260% increase in profit after tax (PAT) compared to the same quarter in the previous year, reflecting its robust business strategy. Earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a 257% rise, indicating improved operational efficiency. The company’s total income for the quarter more than doubled, reaching ₹35,452.65 million, compared to ₹16,517.74 million in Q3 FY24.
Waaree’s order book now stands at 26.5 GW, valued at approximately ₹50,000 crore, showcasing its strong market presence and future growth potential. The company has commenced trial production at its 5.4 GW solar cell manufacturing facility, further expanding its manufacturing capabilities. Additionally, its 1.6 GW solar module production line in the United States has started commercial operations, reinforcing its global expansion strategy.
The company has made significant capital investments in new business areas. It has allocated ₹551 crore for setting up a 300 MW electrolyzer manufacturing plant, ₹2,073 crore for a 3.5 GWh lithium-ion advanced chemistry storage cell manufacturing plant, and ₹130 crore for the inverter business. These investments highlight Waaree’s commitment to diversifying its portfolio and strengthening its position in the renewable energy sector.
Amit Paithankar, Whole Time Director and CEO of Waaree Energies emphasized the company’s strategic expansion into energy storage systems, green hydrogen, inverters, and renewable infrastructure. He noted that Waaree is leveraging its strengths to enhance scalability and operational efficiency. The U.S. market contributed approximately 15-20% of the company’s revenue mix, indicating its growing international footprint.
Waaree’s latest financial results and strategic investments reflect its commitment to leading the energy transition. By expanding its capabilities in solar manufacturing and energy storage, the company is well-positioned to capitalize on the growing demand for renewable energy solutions. The strong financial performance and forward-looking initiatives indicate a positive outlook for Waaree Energies in the evolving global energy market.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
