On Friday, Waaree Energies will be in the news because a big lock on shareholder shares is ending. About 15 crore shares, which is 53% of all shares owned by the company, can be sold or traded now. But that doesn’t mean everyone will sell; it’s just that they have the option to do so.
Strong Performance!
Waaree Energies, a company that makes solar panels, had a great last quarter (Q4) of the year. Their profits jumped by 34.1% compared to the same quarter last year, reaching Rs 618.9 crore. Last year, they made Rs 461.5 crore in profit.
The company’s sales also soared by 36.4%, totaling Rs 4,003.9 crore, up from Rs 2,935.8 crore a year earlier. Their earnings before interest, taxes, depreciation, and amortization (EBITDA) more than doubled, hitting Rs 922.6 crore in Q4 FY25, compared to Rs 418.3 crore last year. Their profit margins improved too—from 14.3% to 23%.
In the fourth quarter, Waaree Energies produced 2.06 GW of solar panels, an impressive increase from 1.35 GW the previous year. For the entire financial year (FY25), their total sales rose by 27.62%, reaching Rs 14,846.06 crore, while their total profits more than doubled to Rs 1,932.15 crore, a rise of 107.08% compared to FY24.
What Analysts Think
According to Trendlyne, the average target price for Waaree Energies is Rs 2,352, which suggests that there might be a 17% drop in value from where it is now. Out of four analysts, the overall recommendation is to ‘Sell’.
Stock Performance Update
On Thursday, Waaree Energies shares closed at Rs 2,840, which was down by 5.51%. This year, shares have only dropped 1%, but they have gone up by 27% in the last three months. The company is valued at Rs 81,601 crore.
(Disclaimer: The opinions and views in this article belong to the experts and do not reflect the views of Thellv.news)
Waaree Energies: Strong Q4 Performance and Share Trading Update
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