The rise in the Waaree Renewables scrip came after the company announced that it has secured a Term Sheet for the execution of EPC works for Ground mount Solar PV project of 2,012.47 MWp DC capacity
Shares of Waaree Renewable Technologies locked in a 5 per cent upper circuit at Rs 1734.75 a piece on Wednesday
Waaree Renewable Technologies Ltd's (WRTL) consolidated net profit nearly tripled to Rs 53.51 crore during the September quarter, backed by higher income. It had posted Rs 20.54 crore net profit for the same quarter a year ago, the company said in an exchange filing on Tuesday. Total income rose to Rs 527.86 crore from Rs 150.93 crore.
Waaree Renewable Technologies Ltd (WRTL) has reported three-fold rise in consolidated profit after tax at Rs 28.16 crore for June quarter FY25. It had logged Rs 9.13 crore profit after tax (PAT) during April-June FY24, the company said in a statement on Tuesday. Total revenue increased to Rs 236.35 crore from Rs 128.94 crore in the same quarter a year ago. Its unexecuted order book stands at 2,191 MW, the company said adding the orders are to be executed between 9-12 months time. Part of the Waaree Group, WRTL is a leading player in solar EPC (engineering, procurement and construction) business.
Waaree Renewable Technologies on Monday said it has received a Rs 90-crore solar power project to be developed on a turnkey basis. The project is scheduled to be completed in ongoing financial year 2024-25, Waaree Renewable Technologies Ltd (WAAREERTL) said in an exchange filing. "WAAREERTL has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction works for solar power project of 30 MW DC capacity on turnkey basis," it said. The order values Rs 90.29 crore excluding taxes, it added. The company did not disclose the name of the entity that awarded the project.
Disconnect between earnings growth and stock prices, Bernstein said, is even more visible in the small-and mid-cap (SMID) universe