Waaree Renewables Technologies Q1 Results, Total Income Reaches ₹23,911.70 Lakhs and Net Profit Increases to ₹2,816.14 Lakhs

Waaree Renewables Technologies Q1 Results: Waaree Renewables Technologies announced their Q1 results for 2024-2025 on July 30, 2024, showing a robust performance with a 10.7% increase in revenue compared to the previous quarter.

The company reported a total income of ₹23,911.70 lakhs, up from ₹21,588.76 lakhs in Q4 of 2023-2024. This growth reflects a significant rise in their operational capacity and a strong demand for solar energy solutions.

The company’s net profit for the quarter reached ₹2,816.14 lakhs, marking a 54.8% increase from ₹1,820.95 lakhs in the previous quarter. In terms of year-over-year performance, Waaree Renewables saw a 12.5% increase in total income compared to Q1 of 2023-2024.

The substantial growth in net profit indicates effective management of costs and an improvement in operational efficiency. The company's focus on expanding its solar projects and enhancing its technological capabilities has contributed to these positive results, positioning it well for continued growth in the renewable energy sector.

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Waaree Renewables Technologies Q1 Results 2024 - 2025

Waaree Renewables Technologies released its Q1 results for the 2024-2025 financial year on July 30, 2024. The results show strong performance with notable growth in both revenue and net profit compared to the previous quarter and year. Below is a summary of their financial performance for the first quarter:

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Waaree Renewables Technologies Current Market Overview

Waaree Renewables Technologies is currently performing well in the stock market, with its share price at ₹1,420. The company has a market capitalization of ₹14,792 crore, indicating strong overall value. The stock has experienced a wide range in price, reaching as high as ₹3,038 and as low as ₹226.

It has a price-to-earnings ratio of 91.2, reflecting high investor expectations, and a modest dividend yield of 0.07%. With a high return on capital employed (103%) and return on equity (91.5%), Waaree Renewables Technologies is showing strong financial health and profitability.

Quarterly Results

Here is a summary of Waaree Renewables Technologies's quarterly results for the last three quarters:

About Waaree Renewables Technologies 

Waaree Renewables Technologies is a leading company in the solar energy sector, specializing in the design, installation, and management of solar power projects. As part of Waaree Energies Limited, Waaree Renewables focuses on providing innovative and sustainable solar solutions, including rooftop installations and large-scale solar projects.

The company has successfully completed over 10,000 solar projects, adding more than 600 MW of operational capacity. Committed to promoting clean energy, Waaree Renewables Technologies uses advanced technology and a dedicated approach to drive the global transition towards a greener and more sustainable future.

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