Waaree Energies shares in focus as lock-in ends for 15 crore shares
Waaree Energies shares
will be in focus on Friday as around 15 crore shares become eligible for trading with the end of the shareholder lock-in period.
According to Nuvama Alternative & Quantitative Research, these 15 crore shares account for 53% of the company's outstanding equity. However, this doesn't mean all the shares will be sold—just that they can now be traded if shareholders choose to do so.
Waaree Energies Q4 earnings
The
solar panel maker
reported a strong Q4 performance, with net profit rising 34.1% year-on-year (YoY) to Rs 618.9 crore for the quarter ended March 31, 2025.
In the same quarter last year, the company had reported a profit of Rs 461.5 crore. Revenue from operations jumped 36.4% to Rs 4,003.9 crore, up from Rs 2,935.8 crore in the year-ago period, according to the company's regulatory filing.
EBITDA more than doubled to Rs 922.6 crore in Q4 FY25, up 120.6% from Rs 418.3 crore in the same quarter last year. The EBITDA margin improved to 23% from 14.3% a year ago.
The company produced 2.06 GW of solar modules in the fourth quarter, up from 1.35 GW in the same period last year. For the full year, module production reached 7.13 GW, compared to 4.77 GW in FY24.
For the full financial year FY25, revenue rose 27.62% YoY to Rs 14,846.06 crore. Profit after tax more than doubled to Rs 1,932.15 crore, a 107.08% rise over FY24.
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Waaree Energies shares price target
Trendlyne data shows an average target price of Rs 2,352, suggesting a 17% downside from current levels. Among four analysts, the consensus rating is 'Sell'.
Waaree Energies shares price performance
On Thursday, Waaree Energies shares closed at Rs 2,840, down 5.51% on the BSE. The stock is down 1% year-to-date but has gained 27% over the last three months. Its current market capitalisation stands at Rs 81,601 crore.
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