Waaree Renewable Technologies Ltd Q3 FY25 Results
WAAREERTLQ3 FY25 ResultsAnnounced 16 Jan 2025, 02:37 pm| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 360.35 | 31.3% |
| Total Income | 364.13 | 31.0% |
| Expenditure | 293.39 | 36.0% |
| PBT | 70.73 | 2.1% |
| Net Profit | 53.48 | 0.1% |
| OPM | 17.20% | |
| NPM | 14.69% | |
| EPS | 5.14 | 907.8% |
Waaree Renewable Technologies Ltd Reports 85.87% Revenue Growth in 9MFY25
16 Jan 2025 · 16 Jan 2025, 08:48 pm
Summary
Waaree Renewable Technologies Limited, the Solar EPC arm of Waaree Group, has reported a robust nine-month revenue growth of 85.87%, amounting to Rs. 1,121.17 crore. The EPC segment delivered exceptional performance with customer revenue of Rs. 1,093.99 crores for a volume of 1,024.92 MWp. The company also announced an interim dividend of Rs. 1 per share. The order book stands at 3.4 GWp to be executed in 09-15 months and the bidding pipeline remains robust at 23.37 GWp.
Key Highlights
- 1
Revenue for the 9MFY25 stood at Rs. 1,121.17 crores, representing a growth of 85.87% YoY
- 2
EBITDA for the 9MFY25 grew by 39.95% from Rs. 131.89 crores in 9MFY24 to Rs. 184.57 crores
- 3
Revenue for Q3-FY25 stood at Rs. 360.35 crores as compared to Rs. 324.19 crores in Q3-FY24
- 4
EPC segment achieved customer revenue of Rs. 1,093.99 crores for a volume of 1,024.92 MWp
- 5
Company announced an interim dividend of Rs. 1 per share
- 6
Unexecuted order book stands at 3.4 GWp to be executed between 09-15 months
- 7
Bidding pipeline remains robust at 23.37 GWp
- 8
Company plans to foray into EPC for Data Centre industry in India and globally
- 9
Recent Order Wins: 147.4 MWp Ground Mounted Solar PV project from leading IPP player
Management Comments
Mr. Dilip Panjwani
CFO, Waaree Renewable Technologies Limited
With a robust nine-month revenue growth of 85.87%, amounting to Rs. 1,121.17 crore, we are pleased to share our performance as a leading EPC player with commitment to help corporates attain sustainability in their renewable energy needs. By the end of December 2024, India’s renewable energy capacity reached 209.44 GW, with solar energy accounting for nearly half. The country added 24.5 GW of solar capacity in 2024, driven by a significant rise in utility-scale solar and rooftop solar. WRTL continues to invest strongly in technology reflecting in successful execution of complex projects in Floating Solar and Battery Energy Storage Systems. The company is also set to expand its presence by undertaking EPC projects for the Data Centre industry in India and globally. The solar and wind sectors continue to drive this transformation, aligning with India’s ambitious targets for 2030 and 2070.For Waaree Renewable Technologies, these developments present exciting opportunities. With our strong order book and financial position, we are well-equipped to deliver value to our stakeholders and contribute to the global push for sustainable energy solutions.
Informational and educational content only. Not investment advice.