Waaree Energies has announced its audited financial results for Q4 FY25 and FY 25.
The company’s Q4 FY25 revenue reached INR 4140.92 crore, 37.69% up YoY. Profit after tax (PAT) for Q4 rose 254.49% YoY to INR 648.49 crore. Production for Q4 FY25 touched 2.06 GW against 1.35 GW for Q4 FY24.
For the full fiscal year FY25, Waaree Energies reported total revenue of INR 14,846.06 crore, an increase of 27.62% YoY. PAT for the year is up 107.08% YoY to INR 1,932.15 crore. Production touched 7.13 GW in FY 25 against 4.77 GW in FY24
As of March 2025, Waaree has an order book exceeding 25 GW valued INR 47,000 crore, with demand coming from utility-scale developers and the C&I segment. The company aims to further accelerate growth by diversifying into new geographies in overseas markets while strengthening its position in the domestic market.
Waaree’s 1.6 GW module manufacturing facility is already operational in Brookshire, Texas, USA, with plans to double this capacity with an additional 1.6 GW line at the site.
“We see encouraging demand trends, which bodes well for future growth,” said Amit Paithankar, whole time director & CEO, Waaree Energies Ltd. “Waaree is focused on both backward and forward integration, reflected in our expansion and investment plans including cell, ingot and wafer manufacturing, battery energy storage system, power infrastructure and inverters.”
Waaree Energies has issued EBITDA guidance for FY 26 in the range of INR 5,500 crore to INR 6,000 crore backed by its expanded backward-integrated capacity, a growing U.S. manufacturing footprint, and a robust global order pipeline.
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