Waaree Renewable posts robust Q2 growth with Rs 5,244.7 million revenue
Author: PPD Team Date: November 6, 2024
Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of Rs 1,126.5 million, marking a 155.56% increase.
The EPC segment’s Q2 billing rose to Rs 5,833.6 million for 528.56 MWp, compared to Rs 1,410.9 million for 169.59 MWp last year.
New orders include several ground-mounted solar projects and a floating solar project totaling over 60 MWp. In Q1 FY25, WRTL achieved Rs 2.36 billion in revenue, a PAT of Rs 281.6 million, and delivered 302.95 MW of EPC projects.
