Waaree Renewable Technologies share price surged by 13.5% on Friday, April 17, after the company reported a significant 66% rise in its consolidated net profit, reaching ₹155.72 crore for the March quarter compared to the same period last year, primarily driven by higher revenues.
The consolidated net profit for the quarter ending March 31, 2025, was reported at ₹93.76 crore, as stated in an exchange filing.
For the March quarter of FY26, revenue from operations was recorded at ₹1,102.40 crore, compared to ₹476.58 crore in the previous quarter of FY25.
In FY26, the net profit totaled ₹478.65 crore, an increase from ₹228.92 crore in FY25. Revenue from operations amounted to ₹3,331.42 crore, showing a two-fold increase relative to ₹1,597.75 crore in FY25.
Manmohan Sharma, CFO, Waaree Renewable Technologies, said, “Supported by a robust unexecuted EPC order book of 2.83 GWp, WRTL continues to have strong visibility of project execution.”
(more to come)