Waaree Renewable Technologies Shares Surge 13.5% Following Strong Q4 Earnings
Waaree Renewable Technologies shares jump over 13% after strong Q4 results
Mint
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Waaree Renewable Technologies' share price increased by 13.5% after reporting a 66% rise in consolidated net profit to ₹155.72 crore for the March quarter of FY26. The company's revenue from operations also saw a significant jump, reflecting strong growth and positive market sentiment.
- 01Waaree Renewable Technologies' share price rose by 13.5% after Q4 results.
- 02Consolidated net profit reached ₹155.72 crore, up 66% year-on-year.
- 03Revenue from operations for FY26 totaled ₹3,331.42 crore, doubling from FY25.
- 04The company plans to acquire a 55% stake in Associated Power Structures for ₹1,225 crore.
- 05Analysts suggest a bullish trend with potential targets of ₹3,650 to ₹3,800.
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Waaree Renewable Technologies experienced a notable 13.5% increase in its share price on April 17, following the announcement of its Q4 results. The company's consolidated net profit for the March quarter of FY26 reached ₹155.72 crore, marking a 66% increase compared to ₹93.76 crore in the same quarter last year. Revenue from operations surged to ₹1,102.40 crore, significantly higher than ₹476.58 crore in the previous quarter of FY25. For the entire fiscal year, net profit totaled ₹478.65 crore, up from ₹228.92 crore in FY25, with total revenue hitting ₹3,331.42 crore. The company is also pursuing growth through the acquisition of a 55% stake in Associated Power Structures for ₹1,225 crore, aiming to enhance its capabilities in the renewable energy sector. Analysts are optimistic about the stock's performance, with predictions of reaching target levels between ₹3,650 and ₹3,800 if the bullish trend continues.
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The strong financial performance may lead to increased investor confidence, potentially boosting job security and growth within the renewable energy sector.
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