Waaree Energies has reported a total income of INR 35,452.65 million for the third quarter of FY 2025, which is 114.63% up year-on-year. Net profit (profit after tax) rose 260% YoY at INR 5,068.76 million.
Production in Q3 FY 2025 stood at 1.81 GW, a 68% growth YoY.
The company started trial production at its 5.4 GW solar cell manufacturing facility. Its 1.6 GW solar module line in USA also commenced commercial production.
Waaree Energies said it has an order book of 26.5 GW valued INR 50,000 crore as on date.
The company is expanding footprints into adjacent businesses. Its board of directors has already approved capital expenditure amounting to INR 551 crore and an investment of INR 200 crore for seƫting up 300 MW of electrolyser manufacturing plant; capital expenditure amounting to INR 2,073 crore and investment of INR 650 crore for seƫting up a 3.5 GWh Lithium-ion advanced chemistry storage cell manufacturing plant; and capital expenditure amounting to INR 130 crore in inverter business.
Amit Paithankar, whole time director & CEO, Waaree Energies, said, “As an energy transition company, we see immense opportunities and are well positioned to tap into new business areas. Our solar business continues to be strong and we are rapidly advancing in the adjacencies of energy storage systems, green hydrogen, inverters and renewable infrastructure. The momentum in this space is stronger than ever, and we are well-positioned to capitalize on it.”
“The US contributed 15-20% of our revenue mix. As we expand globally, we are strengthening our presence in high-potential regions, ensuring that we stay ahead of the curve in this fast-evolving industry. We are excited about the road ahead and remain committed to driving meaningful change in the energy landscape.”
Headquartered in Mumbai, Waaree operates manufacturing facilities with an installed capacity of 15 GW for solar PV modules and 5.4 GW for solar cells. With presence across India and 25+ countries worldwide, it offers solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems.
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