
Waaree Renewable Technologies has reported its Q4FY25 earnings, marking the strongest quarter in its history with record figures across revenue, EBITDA, and PAT. The clean energy solutions provider continues to build on its leadership position in the solar EPC and storage space.
🔍 Key Highlights: Waaree Renewable Technologies Q4FY25 Earnings
- Q4FY25 Revenue: ₹476 crore (up 74% YoY)
- Q4 EBITDA: ₹126 crore (up 68% YoY)
- Operating Profit Margin: 26.5% (strong expansion)
- Q4 PAT: ₹94 crore (up 83% YoY)
- Full Year FY25 Revenue: ₹1,598 crore (up 82% YoY)
- FY25 EBITDA: ₹311 crore (up 50% YoY)
- FY25 PAT: ₹229 crore (up 58% YoY)
💼 Profitability and Margin Expansion
The company’s operating profit margin of 26.5% in Q4FY25 was a pleasant surprise, reflecting efficient execution and favorable project mix. EBITDA margins held strong despite sector-wide cost pressures.
📊 Order Book Strength
- Unexecuted Order Book: 3.2 GW
- Execution window: Next 12–15 months
- Bidding Pipeline: 30 GW — indicating robust growth visibility
Recent Wins:
- 255 MW Ground-Mounted Solar Project (includes O&M)
- 105 MW Ground-Mounted Solar Project
- 40 MWh Battery Storage Contract
🌞 Industry Context & Outlook
The solar EPC and storage market in India is witnessing tailwinds from policy incentives and rising power demands. Waaree RTL stands to benefit from:
- PLI schemes
- Government’s 500 GW non-fossil target by 2030
- Growing interest in battery storage systems
Explore more about India’s solar sector
📈 Waaree RTL Stock: A Look at Market Position
Waaree Renewable Technologies has emerged as a key player in solar EPC, competing with players like KPI Green, Oriana Power, and Gensol Engineering. Its strong execution track record, financial prudence, and solar value chain integration position it uniquely.
Read our in-depth Solar Stocks in India analysis.
📌 Key Risks
- Execution risk from large-scale projects
- Commodity price volatility affecting margins
- Policy dependency in renewable energy incentives
📷 Visual Insights
Alt Text: Waaree Renewable Technologies Q4FY25 earnings chart showing revenue and profit trends.
📢 Conclusion: Strong Momentum Ahead
The Q4FY25 earnings reaffirm Waaree Renewable Technologies’ dominance in the solar EPC space. With a 3.2 GW order book, 30 GW pipeline, and consistent margin delivery, the company looks set for a powerful FY26.
Conclusion
Waaree Renewable Technologies has not just delivered record-breaking numbers for Q4 and FY25, but also laid a solid foundation for sustainable growth. Investors seeking exposure to India’s renewable energy megatrend may find Waaree RTL to be a compelling candidate, given its execution strength, financial robustness, and innovation-driven approach.
Disclaimer: The projections of potential returns are based on current market conditions and company performance. Actual results may vary due to various factors, including market dynamics, economic conditions, and changes in the competitive landscape. Investors should conduct their own research and consult with financial advisors before making investment decisions.
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