Waaree Renewable Surges 4% as Q3 Profit Doubles, Revenue Jumps 136%

• Waaree Renewable Technologies shares surged up to 7.7% on January 22, closing 4% higher at Rs 902.40.
• The company's net profit more than doubled in Q3 FY2025 to Rs 120.19 crore, up from Rs 53.48 crore a year ago.
• Revenue for the quarter significantly increased by 136.18% to Rs 851.06 crore, compared to Rs 360.35 crore in Q3 FY2024.
• Waaree Renewable Technologies, a solar EPC company, is launching a 120 MWp solar power park in Buldhana, Maharashtra.
• Despite the recent surge, the share has weakened by 28% in the last three months, with a market cap over Rs 9400 crore.

Why It Matters: Waaree Renewable Technologies saw a significant stock surge and profit doubling in Q3 FY2025, driven by strong revenue growth.