Waaree Energies Reports Strong Q2 & H1 FY25 Growth: PAT Up 17%, Expands Renewable Investments

BY ADMIN • FILED 18 Nov 2024, 9:10 PM

Waaree Energies Limited Q2 and H1 FY25 Financial Highlights

Strong Q2 FY25 Performance:
Waaree Energies Limited delivered robust financial results in the second quarter of FY25:

Profit After Tax (PAT): The company achieved a 17.35% year-over-year (YoY) growth in PAT, reaching ₹3,756.59 million in Q2 FY25, compared to ₹3,201.21 million in Q2 FY24.
EBITDA Growth: EBITDA rose by 14.01% YoY to ₹6,139.37 million in Q2 FY25, up from ₹5,385.09 million in Q2 FY24.
EBITDA Margin: The EBITDA margin improved to 16.76%, reflecting enhanced profitability.

Operational and Strategic Highlights:

Production: Waaree Energies achieved a production of 3.3 GW in H1 FY25, showcasing strong operations despite a slight decline compared to 4.8 GW for the full FY24.
Order Book: As of September 30, 2024, the company’s order book stands at approximately 20 GW, reflecting high customer confidence and strong growth potential.
Renewable Power Investment: The Board has approved a ₹6,000 million investment to establish and develop renewable power infrastructure, underlining Waaree’s commitment to expanding its presence in the renewable energy sector.