Waaree Energies, a prominent player in the renewable energy sector, has seen a significant surge in its share price ahead of its much-anticipated fourth-quarter results announcement. On April 22, 2025, the company's stock rose as much as 6.95%, trading at ₹2,612, reflecting strong investor interest. This upward trend comes as the company prepares to reveal its financial performance for the quarter that ended on March 31, 2025.
At 9:46 AM on the same day, Waaree Energies shares were reported at ₹2,571.20 on the National Stock Exchange (NSE), marking a 5.20% increase. The stock has shown a remarkable growth trajectory, having gained over 6.20% in the past month and nearly 10.40% over the last six months. Analysts are keenly watching the upcoming results, with expectations of a robust financial performance.
The Board of Directors of Waaree Energies is scheduled to meet on April 22, 2025, to review and approve the audited standalone and consolidated financial statements for the quarter. Following this, a conference call with investors and analysts is set for 11 AM on April 23, where key executives, including Amit Paithankar (Whole Time Director and CEO), Sonal Shrivastava (Chief Financial Officer), Abhishek Pareek (Group Head - Finance), and Rohit Wade (General Manager - Investor Relations), will discuss the results and the company's performance throughout the financial year 2025.
Recent market trends indicate a positive outlook for Waaree Energies, bolstered by external factors affecting the solar energy sector. Notably, the U.S. government has imposed anti-dumping duties of up to 3,521% on solar equipment imported from Cambodia, Vietnam, Malaysia, and Thailand. This decision, announced on April 21, 2025, follows an inquiry initiated during the Biden administration, aimed at addressing what U.S. manufacturers consider unfair pricing practices and subsidies. The tariffs will compound the existing duties established during former President Donald Trump's administration, further complicating global supply chains.
Waaree Energies is not only preparing for its quarterly results but is also expanding its operational capabilities. In March 2025, the company launched a new solar cell facility in Chikhli, Gujarat, with a capacity of 5.4 gigawatts (GW). This expansion is expected to enhance its production capabilities significantly and position the company favorably within the competitive renewable energy landscape.
For the fourth quarter of fiscal 2025, analysts predict that Waaree Energies will report a net profit of approximately ₹496.15 crore, with revenue estimates around ₹4,028.15 crore. The anticipated EBITDA is projected at ₹736.1 crore, with margins expected to be around 18.3%. This positive outlook reflects the company's strong performance and strategic positioning within the renewable energy sector.
Despite the recent gains, Waaree Energies' stock has faced volatility over the past year, having dropped more than 30% from its 52-week high of ₹3,740.75 reached in November 2024. Analysts from Kotak Institutional Equities expect the company to report a net revenue of ₹4,051 crore for the March 2025 quarter, representing a 38% year-on-year increase. However, they anticipate a contraction in margins due to a shift in the revenue mix.
Market analysts also note that Waaree Energies has an installed capacity of 15 GW for solar photovoltaic (PV) modules globally, which includes facilities in India and Texas, USA. The company's significant U.S. market presence accounts for 15-20% of its revenue mix, highlighting the importance of the U.S. market in its overall business strategy.
In light of the recent developments, analysts are divided in their ratings of Waaree Energies. While one analyst maintains a 'buy' rating, others suggest a 'hold' or 'sell' position, reflecting varied expectations regarding the company's future performance. The average 12-month price target set by analysts indicates a potential downside of approximately 12.4% from current levels, suggesting a cautious approach among investors.
As Waaree Energies gears up for its financial results and the associated conference call, the market will be closely monitoring the company's performance metrics and strategic direction. The anticipated discussion will provide insights into how the company plans to navigate the challenges posed by the evolving global trade landscape and the increasing competition within the renewable energy sector.
In summary, Waaree Energies is positioned at a critical juncture, with its share price reflecting investor optimism ahead of its quarterly results. The company's proactive expansion into new facilities and its response to external market conditions will be pivotal in shaping its future trajectory in the renewable energy market.
