Waaree Renewables Technologies in consortium with two others has received a letter of award for Engineering, Procurement and Construction (EPC) works for solar power project of 125 MWAC (181.3 MWp DC) capacity on turnkey basis along with Operation and Maintenance. Powered by Capital Market - Live

The order was awarded by one of the leading power distribution companies, with a consortium comprising three members, including Waaree Renewable Technologies. The total order size is 125 MWAC (181.3 MWp DC). The project is scheduled for completion within 18 months from the date of contract signing. Waaree Renewable Technologies, a subsidiary of Waaree Group, is a leading solar EPC company based in Mumbai. In addition to EPC services, they also develop, finance, construct, own, and operate solar projects, focusing on commercial and industrial customers. The company's consolidated net profit fell 16.71% to Rs 53.51 crore in Q3 FY25 as against Rs 64.25 crore posted in Q3 FY24. Revenue from operations increased 11.15% year on year to Rs 360.35 crore in the quarter ended 31 December 2024. Shares of Waaree Renewable Technologies fell 2.69% to currently trade at Rs 810 on the BSE.Powered by Capital Market - Live

Waaree Renewables Technologies has received a letter of award of EPC work of 40 MWh battery storage system. The order is valued at Rs 40 crore. Powered by Capital Market - Live

Net profit of Waaree Renewables Technologies declined 16.72% to Rs 53.51 crore in the quarter ended December 2024 as against Rs 64.25 crore during the previous quarter ended December 2023. Sales rose 11.15% to Rs 360.35 crore in the quarter ended December 2024 as against Rs 324.19 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales360.35324.19 11 OPM %19.9627.09 - PBDT72.3688.22 -18 PBT70.7386.39 -18 NP53.5164.25 -17 Powered by Capital Market - Live

Waaree Renewable Techs. announced that the Board of Directors of the Company at its meeting held on 16 January 2025, inter alia, have recommended the interim dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live

However, revenue from operations increased 11.15% year on year to Rs 360.35 crore in the quarter ended 31 December 2024. Profit before tax stood at Rs 70.73 crore in Q3 FY25, down 18.12% as against Rs 86.39 crore recorded in Q3 FY24. Total expenses increased 23.12% to Rs 293.39 crore in Q3 FY25 as compared to Rs 238.29 crore reported in Q3 FY24. Cost of EPC contracts stood at Rs 275.93 crore (up 20.33% YoY). While employee benefit expenses stood at Rs 7.92 crore (up 64.65% YoY) during the period under review. On segmental front, revenue from EPC contract stood at Rs 354.46 crore (up 11.15% YoY) and revenue from power sale stood at Rs 5.89 crore (up 11.34% YoY) during the quarter. On nine-month basis, the company's net profit surged 44.03% to Rs 135.35 crore on 85.87% surge in revenue to Rs 1,121.17 crore in 9M FY25 over 9M FY24. Meanwhile, the company's board has approved and declared an interim dividend of Rs 1 per equity share of Rs 2 each. The company has fixed 24 January 2025 as the record date to determine the eligibility of members to receive the said interim dividend. Waaree Renewable Technologies, a subsidiary of Waaree Group, is a leading solar EPC company based in Mumbai. In addition to EPC services, they also develop, finance, construct, own, and operate solar projects, focusing on commercial and industrial customers. Powered by Capital Market - Live

The Board of Waaree Renewables Technologies at its meeting held on 16 January 2025 has approved to undertake EPC for Data Centre Industry in India and across the world and consequently to amend object clause of Memorandum of Association (MOA) of the Company.Powered by Capital Market - Live

Waaree Renewables Technologies has fixed 24 January 2025 as record date for interim dividend of Re 1 per equity share of Rs 2 each. Powered by Capital Market - Live

Waaree Renewable Techs. will hold a meeting of the Board of Directors of the Company on 16 January 2025.Powered by Capital Market - Live

Bharat Road Network Ltd, United Drilling Tools Ltd, Gujarat State Financial Corporation and Ruchi Infrastructure Ltd are among the other gainers in the BSE's 'B' group today, 14 January 2025.Waaree Renewables Technologies Ltd soared 17.25% to Rs 1115 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 15.73 lakh shares were traded on the counter so far as against the average daily volumes of 2.82 lakh shares in the past one month. Bharat Road Network Ltd surged 14.60% to Rs 44.98. The stock was the second biggest gainer in 'B' group. On the BSE, 4236 shares were traded on the counter so far as against the average daily volumes of 6369 shares in the past one month. United Drilling Tools Ltd spiked 12.86% to Rs 267.15. The stock was the third biggest gainer in 'B' group. On the BSE, 5319 shares were traded on the counter so far as against the average daily volumes of 2501 shares in the past one month. Gujarat State Financial Corporation jumped 11.43% to Rs 19.5. The stock was the fourth biggest gainer in 'B' group. On the BSE, 13393 shares were traded on the counter so far as against the average daily volumes of 20526 shares in the past one month. Ruchi Infrastructure Ltd spurt 10.32% to Rs 11.33. The stock was the fifth biggest gainer in 'B' group. On the BSE, 39427 shares were traded on the counter so far as against the average daily volumes of 15977 shares in the past one month. Powered by Capital Market - Live