Waaree Energies Reports INR 36,635 Million Revenue, 17 Percent PAT Growth in Q2
Waaree Energies reported total income of INR 36,635 million in Q2 FY25, with 17 percent PAT growth and improved EBITDA margins at 16.8 percent. The production reached 3.3 GW in H1, and a robust 20 GW order book underscores strong market confidence.
November 19, 2024. By EI News Network
As per the firm, the company’s EBITDA rose by 14 percent to INR 6,139 million, with EBITDA margins improving to 16.8 percent compared to 15.1 percent in the same period last year. Total income for the quarter increased to INR 36,635 million, registering a 3 percent rise. This growth underscores Waaree’s strong operational focus and its ability to maintain consistent performance amidst a dynamic market environment.
It further stated that for the first half of FY25, Waaree achieved a production milestone of 3.3 GW of solar PV modules, reflecting significant progress toward its annual goals, especially when compared to the 4.8 GW produced in the entirety of FY24.
The company’s order book stood at 20 GW as of September 30, 2024. To further enhance its capabilities, the Board of Directors approved an investment of INR 6,000 million to develop infrastructure and connectivity for renewable power projects, while also strengthening its bidding pipeline.
With an installed manufacturing capacity of 13.3 GW, including 1.3 GW from Indosolar, Waaree Energies serves clients across India and over 25 countries globally.
As per the firm, it is dedicated to driving the global energy transition by providing innovative and sustainable solar energy solutions, solidifying its position as a leader in the renewable energy sector.
please contact: contact@energetica-india.net.
Aman Mehtani
Founder & Group CEO
ADM Group Offers Smart, Sustainable Solutions for Global Automotive Industry
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix