Waaree Renewable Technologies Ltd Sees Tri-fold Profit Surge in Q1 FY25

Waaree Renewable Technologies Ltd (WRTL) reported a three-fold increase in consolidated profit after tax, earning Rs 28.16 crore in the June quarter of FY25 compared to Rs 9.13 crore in Q1 FY24. The company's total revenue rose to Rs 236.35 crore, and its unexecuted order book stands at 2,191 MW.

Waaree Renewable Technologies Ltd (WRTL) has reported a three-fold rise in consolidated profit after tax, amounting to Rs 28.16 crore for the June quarter of FY25.

The company had logged Rs 9.13 crore in profit after tax during the same period in FY24, according to a statement released on Tuesday.

Total revenue surged to Rs 236.35 crore from Rs 128.94 crore a year ago. WRTL also reported an unexecuted order book totaling 2,191 MW, set for execution over the next 9-12 months. As part of the Waaree Group, WRTL is a dominant player in the solar EPC market.

(With inputs from agencies.)