From ₹857 to ₹1,170: This renewables stock surged 37% in just 4 sessions

Shares of Waaree Renewable Technologies (WRTL) had a stellar run this week, with the stock price rising as much as 37% in just four sessions, defying volatility in the broader market. The strong rally in WRTL shares can be attributed to a strong financial position characterised by growth in top line and healthy profitability margins, along with a robust order book.

On Thursday, shares of WRTL, a subsidiary of Waaree Energies , gained as much as 14% to hit an intra-day high of ₹1,170, after making a positive start at ₹1,090, up 6.4% over the previous closing price. On Wednesday, the renewable stock ended higher 9% in anticipation of strong Q4 results, while it rose 6% on Tuesday and over 3% last Friday.

The WRTL share price has rebounded nearly 60% from its 52-week low of ₹732.05 touched on April 7, 2025, while it is still down 61% from its 52-week high of ₹3,037.75 hit on April 26, 2024. The stock has lost over 19% in calendar year 2025, while it eroded 35% of its market value in the past six months. At the current level, the market cpaitalisation of the company stands at ₹11,865 crore.

Strong Q4 boosts sentiment  

The shares of Waaree Renewable Technologies, engaged in the business of providing engineering, procurement, and construction (EPC) solutions in the solar power sub-segment, witnessed strong buying today as investors cheered its robust Q4 results.

The EPC arm of the Waaree Group posted 82.73% year-on-year (YoY) growth in its net profit at ₹93.77 crore as compared to ₹51.31 crore in Q4FY24. Revenue for Q4FY25 stood at ₹476.58 crore, representing a growth of 74.37% YoY as compared to ₹273.31 crore in the same period last year. On the operating front, Ebitda stood at ₹126.33 crore as compared to ₹75.29 crore in the corresponding period last year, up 67.79% YoY.   

As of March 31, 2025, the company’s unexecuted order book stands at 3.2 giga watt peak (GWp), which is expected to be executed between 12-15 months. The bidding pipeline remains robust at around 30 GWp, the company said in its earnings report.

For the full financial year, WRTL registered 57.6% growth in profit at ₹228.92 crore, while revenue jumped 82.3% to ₹1,597.75 crore as compared to the previous fiscal. Ebitda for FY25 stood at ₹310.90 crore as compared to ₹207.18 crore in FY24, growing by 50.06%.

“This performance underlines the strength of our integrated business model, execution capabilities, and deep understanding of the renewable energy ecosystem,” said Manmohan Sharma, CFO, Waaree Renewable Technologies.

“We remain well-positioned, operationally resilient, and committed to driving the energy transition with high-quality, sustainable solutions. With innovation and sustainability at the core of our business, we are confident in our ability to create long-term value for all stakeholders,” he said.

As of March 2025, India’s total renewable energy capacity reached 220.10 GW, with solar contributing 105.65 GW. The government aims to achieve 500 GW of renewable energy by 2030, including 280 GW from solar, driving rapid sector growth and creating opportunities for expansion and innovation. This shift is being fueled by supportive policies and advances in clean energy technologies, along with rising demand in the C&I, utility-scale, and hybrid project segments, Sharma said.

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