Waaree Renewable Technologies Ltd. News, Corporate filings and Earnings/Conference Calls

Electric Utilities company Waaree Renewable Technologies announced 9MFY25 & Q3FY25 results Revenue for the 9MFY25 stood at Rs 1,121.17 crore as against Revenue of Rs 603.19 crore in comparative period during 9MFY24 representing growth of 85.87% YoY. EBITDA for the 9MFY25 grew by 39.95% from Rs 131.89 crore in 9MFY24 to Rs 184.57 crore. Revenue for Q3FY25 stood at Rs 360.35 crore as compared to Rs 324.19 crore in Q3FY24. EBITDA for Q3FY25 stood at Rs 71.92 crore as compared to Rs 87.81 crore in Q3FY24. The EPC segment delivered exceptional performance, achieving customer revenue of Rs 1,093.99 crore for a volume of 1,024.92 MWp, compared to Rs 580.80 crorefor a volume of 473.44 MWp. The company has announced an interim dividend of Rs 1 per share, representing 50% of the face value of Rs 2. Order book Position: Unexecuted order book stands at 3.4 GWp to be executed between 09-15 months. Bidding pipeline remains robust at 23.37 GWp. Key Updates: The company plans to foray into EPC for Data Centre industry in India and globally. Recent Order Wins: 2012.47 MWp Ground Mounted Solar PV project from leading IPP player. Setting up 41.6 MWp Independent Power Producer (IPP) Plant. Dilip Panjwani, CFO, Waaree Renewable Technologies, said: “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.” Result PDF

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Waaree Renewable Technologies Ltd. News, Corporate filings and Earnings/Conference Calls

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