Waaree Energies Ltd. Results

Q2FY25 Quarterly Result Announced for Waaree Energies Ltd.

Electrical Equipment & Products company Waaree Energies announced Q2FY25 results Financial Highlights: Total Income: Rs 36,634.63 million compared to Rs 35,585.47 million during Q2FY24, change 2.95% YoY. EBITDA: Rs 6,139.37 million compared to Rs 5,385.09 million during Q2FY24, change 14.01% YoY. EBITDA Margin: 16.76% for Q2FY25. PAT: Rs 3,756.59 million compared to Rs 3,201.21 million during Q2FY24, change 17.35% YoY. PAT Margin: 10.25% for Q2FY25. Other Highlights: Production of 3.3GW in H1FY25 vs 4.8GW for FY24 as a result of strong operational focus. Order book as on Sep 30, 2024, stands at an impressive ~20GW, demonstrating the confidence our customers have in our execution capabilities. EBITDA grew 15% YoY in H1FY25, clocking margins of 17.5%. The Board of Directors have approved an investment up to Rs 6,000 million for setting up and development of infrastructure (including land and connectivity) for the purpose of developing Renewable Power projects and bidding pipeline.