Shares of BSE-listed Waaree Renewable Technologies Limited (Waaree RTL), the EPC division of the Waaree Group, surged by 5% following the company’s strong second-quarter results for FY2024-25 (Q2FY25).
The renewable energy firm reported a substantial increase in net profit, which nearly tripled to ₹53.51 crore in the September quarter, driven by higher income. This marks a 160% year-on-year (YoY) growth in profit after tax, up from ₹20.54 crore in the same period last year.
Waaree RTL’s total income also rose significantly, reaching ₹527.86 crore compared to ₹150.93 crore in Q2FY24, highlighting the company’s impressive growth trajectory and increased operational performance.
This robust financial performance has boosted investor sentiment, reflected in the 5% gain in Waaree Renewable Technologies’ share price.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
