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Waaree Energies fell 5.51% to Rs 2,683.95 after the lock-in period ended for approximately 15 crore shares, making them eligible for trading.
Waaree Energies drops as lock-in period ends
25-Apr-2025, 12:00
These shares represent around 52.3% of the company's outstanding equity. While the expiry allows these shares to be traded, it does not necessarily indicate that all will be offloaded immediately'trading depends on shareholder intent.
These shares represent around 52.3% of the company's outstanding equity. While the expiry allows these shares to be traded, it does not necessarily indicate that all will be offloaded immediately'trading depends on shareholder intent.
On a consolidated basis, Waaree Energies net profit rose 35.63% to Rs 644.47 crore while revenue from operations climbed 36.38% to Rs 4,003.93 crore in Q4 March 2025 over Q4 March 2024. EBITDA soared 116.27% year-on-year to Rs 1,059.57 crore during the quarter. EBITDA margin improved to 25.59% in Q4 FY25 as against 16.29% recorded in the same quarter last year.
Mumbai-based Waaree Energies is a renewable energy company. It operates manufacturing facilities with an installed capacity of ~15 GW for solar PV modules and 5.4 GW for solar cells.
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