Waaree Renewables Shares Soars 12% on Blockbuster Q4

Mumbai, April 17: Shares of Waaree Renewable Technologies rallied over 12 per cent on Friday at Rs 1,193, sharply outperforming the broader market, after the company posted a robust set of March quarter results that underscored strong execution and sectoral tailwinds.

The rally comes even as benchmark indices opened on a muted note, highlighting the stock-specific nature of the move, driven largely by earnings momentum and improved visibility.

Strong Show

For the fourth quarter, the company reported a 66 per cent year-on-year jump in net profit to around ₹156 crore, reflecting strong operating performance. Revenue growth was even more striking, more than doubling—up over 130 per cent to approximately ₹1,100 crore compared to the same period last year.

The sharp surge in topline was driven by healthy execution in its solar EPC (engineering, procurement and construction) business, as India’s renewable energy push continues to gather pace. Increased project activity and timely delivery appear to have played a key role in boosting financial performance.

At the operating level, EBITDA also saw a strong rise of over 60 per cent on-year, although margins witnessed some moderation. This suggests that while the company is scaling up rapidly, certain cost pressures and execution-related factors are weighing slightly on profitability ratios. Still, the absolute growth in earnings has been strong enough to keep investor sentiment firmly positive.

Order Visibility

A key factor supporting the stock is the company’s strong order visibility. Waaree Renewable Technologies currently has an unexecuted order book of about 2.8 GWp, providing near-term revenue assurance. In addition, its bidding pipeline remains substantial—reportedly exceeding 30 GWp—offering a long runway for sustained growth.

This visibility is particularly significant at a time when investors are increasingly favouring companies with predictable earnings trajectories. The renewable energy sector, backed by government incentives, policy support, and a global shift towards clean energy, continues to attract strong investor interest.

Sharp Contrast

The company’s performance also stands in contrast to sectors like IT, where demand uncertainty and weak guidance have weighed on stocks. While IT players are navigating delayed client spending and macro headwinds, renewable-focused firms are benefiting from structural growth drivers and rising capital allocation towards green energy.

Friday’s sharp upmove in Waaree Renewable Technologies reflects this broader divergence in market trends. Investors appear to be rewarding companies that are not only delivering strong earnings growth but also offering clear visibility on future performance.

In essence, the stock’s rally signals more than just a reaction to quarterly numbers—it highlights a growing market preference for businesses aligned with long-term themes like energy transition, where growth momentum remains firmly intact.

Source:

• NSE
• https://www.nseindia.com/get-quote/equity/WAAREERTL/Waaree-Renewable-Technologies-Limited