Waaree Renewable Technologies announced its Q1 FY25 financial results, showing an increase in profits and revenue due to growth in its solar EPC business and power sales.
Key Highlights:
- Net Profit: ₹86 crore, a 207% increase compared to last year.
- Revenue: ₹603 crore, up 155% year-on-year.
- EPC Contracts: Contributed over 95% of total revenue, amounting to ₹594.3 crore.
- Power Sales: Increased to ₹9 crore from ₹2.3 crore in the previous year.
- EBITDA: ₹117.5 crore, with a margin of 19.5% (up from 17.4%).
- Order Book: 3.15 GWp in Solar EPC and 40 MWh in Battery Energy Storage System (BESS) projects.
- Stock Performance: Shares climbed 5% to ₹1,240 following the announcement.
Do you think Waaree Renewable Technologies is well-positioned to maintain its growth in the coming quarters? Let us know in comments.
Disclaimer: LinkedIn
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