Waaree Energies and KEC International post Q1 results

Waaree Energies and KEC International have reported strong financial performance for the first quarter, driven by improved profitability and healthy revenue growth.

Waaree Energies posted a 20.3 per cent sequential rise in net profit to Rs 745 crore, compared to Rs 619 crore in the previous quarter. Revenue rose 10.5 per cent quarter-on-quarter to Rs 4,425 crore. EBITDA increased by 73.4 per cent to Rs 997 crore, with margins improving to 22.5 per cent from 14.3 per cent.

KEC International reported a 42.3 per cent year-on-year increase in net profit to Rs 125 crore, up from Rs 87.6 crore. Revenue rose 11.3 per cent year-on-year to Rs 5,023 crore. EBITDA grew 29.5 per cent to Rs 350 crore, and margins improved to 7 per cent from 6 per cent.