New Delhi, Apr 23 (PTI) Shares of Waaree Energies on Wednesday surged more than 15 per cent after the firm said its net profit has grown over two-fold in the quarter ended March 31.

The stock jumped 15.10 per cent to settle at Rs 3,006.15 apiece on the BSE. Intra-day, it zoomed 19.45 per cent to Rs 3,119.90.

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On the NSE, it surged 14.75 per cent to Rs 3,002 per piece.

Waaree Energies on Wednesday said its net profit has grown over two-fold to Rs 648.49 crore in the quarter ended March 31, supported by higher revenues.

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The company's revenue for the quarter under review stood at Rs 4,140.92 crore, a growth of 37.69 per cent year-on-year, the company said in a statement.

"Profit after tax (PAT) of Rs 648.49 crore reported a substantial growth of 254.49 per cent year-on-year (YoY)," the company said.

For the full FY25, the company's PAT was at Rs 1,932.15 crore, a rise of 107.08 per cent on a YoY basis.

Revenue for the year stood at Rs 14,846.06 crore, reporting a YoY growth of 27.62 per cent.

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