Waaree Energies reports stronger performance in its latest quarter ended June, with revenue rising sharply and profit increasing year over year. Across the sources, revenue from operations grows 79% to about ₹7,932 crore, taking total revenue close to ₹8,000 crore. The company’s consolidated bottom-line is reported at about ₹850 crore, while Economic Times places net profit at ₹892 crore and cites a profit increase of roughly 15% for the quarter. Business Line attributes the improvement partly to higher operating income, including the impact of a US tariff refund, along with growth in the solar PV and EPC segments. Economic Times adds that the result is supported by higher revenues and highlights a record order book of about ₹61,500 crore. It also reports a 41.51% year-on-year rise in module production. The outlets also note that emerging business ventures contribute to revenue growth, though specific figures vary by source.
Waaree Energies Q1 profit rises as revenue grows nearly 79%
Waaree Energies reports stronger performance in its latest quarter ended June, with revenue rising sharply and profit increasing year over year. Across the sources, revenue from operations grows 79% t...
- Waaree Energies’ Q1 revenue from operations rises about 79% year over year to around ₹7,932 crore.
- Consolidated bottom-line/profit increases to roughly ₹850 crore to ₹892 crore, with profit growth reported around 14%–15%.
- The company’s operating income includes a contribution from a US tariff refund.
- Growth is driven by the solar PV and EPC businesses.
- Waaree Energies cites a record order book of about ₹61,500 crore and higher module production year over year.
Waaree Energies has reported a profit increase of 15.39 percent for the June quarter, fueled by higher revenues that bolstered its financial performance. Notably, the company boasts a record order book of around Rs 61,500 crore. Additionally, module production experienced a remarkable year-on-year rise of 41.51 percent, while emerging business ventures are now making a significant impact on total revenue.
1 month agoRevenue from operations during the quarter rose 79% y-o-y to ₹7,932 crore, driven by strong growth in the solar PV and EPC businesses
1 month agoThe company posted a consolidated bottom-line of Rs 850 crore
1 month agoThe company posted a consolidated bottom-line of Rs 850 crore
1 month ago
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