Mumbai. Waaree Renewable Technologies Limited (BSE: 534618), the Solar EPC arm of Waaree Group, a solar developer that finances, constructs, owns and operates solar projects, has reported its unaudited Financial Results for the Second Quarter and Half Year ended on September 30, 2024.
KEY PERFORMANCE HIGHLIGHTS
Q2 & H1FY25
• Revenue for Q2-FY25 stood at Rs. 524.47 crores representing a growth of 249.50% year-on-year as compared to Rs. 150.06 crores in Q2-FY24
• EBITDA for Q2-FY25 stood at Rs. 71.57 crores as compared to Rs. 30.68 crores in Q2-FY24 representing a growth of 133.27% year-on-year
• Revenue for the H1FY25 stood at Rs. 760.82 crores as against Revenue of Rs. 279.00 crores in comparative period during H1FY24 representing growth of 172.70% YoY
• EBITDA for the H1FY25 grew by 155.56% from Rs. 44.08 crores in H1FY24 to Rs. 112.65 crores
• The EPC segment delivered exceptional performance, achieving customer billing of Rs. 583.36 crores for a volume of 528.56 MWp, compared to Rs. 141.09 crores for a volume of 169.59 MWp
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Order book Position:
• Unexecuted order book stands at 1.7 GWp to be executed between 09-12 months
• Bidding pipeline remains robust at 17.8 GWp
Key Updates:
- Recent Order Wins
- 30 MWp Ground Mounted solar power project
- 26.4 MWp Ground Mounted solar power project
- 700 KWp Rooftop solar power project
- 1.09 MWp Floating solar power project
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