Waaree Renewable Technologies Q3 FY25 Results: Revenue drops 31.31% QoQ to Rs 360.34 crore

Waaree Renewable Technologies Limited announced its financial results for the third quarter ended December 31, 2024. The company posted mixed results with declining revenues but an improvement in net profit on a quarter-on-quarter (QoQ) basis.

Key Highlights:

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Revenue from Operations:
Revenue stood at ₹360.34 crore in Q3 FY25, declining by 31.31% QoQ from ₹524.46 crore in Q2 FY25. However, the revenue reflected a growth of 11.13% YoY from ₹324.19 crore in Q3 FY24.

  • Q3 FY25: ₹360.34 crore
  • Q2 FY25: ₹524.46 crore
  • Q3 FY24: ₹324.19 crore
  • QoQ Change: -31.31%
  • YoY Change: +11.13%

Total Income:
The total income for the quarter was ₹364.12 crore, marking a 31.05% decrease QoQ from ₹528.86 crore and a growth of 12.36% YoY from ₹324.68 crore.

  • Q3 FY25: ₹364.12 crore
  • Q2 FY25: ₹528.86 crore
  • Q3 FY24: ₹324.68 crore
  • QoQ Change: -31.05%
  • YoY Change: +12.36%

Net Profit:
Net profit for Q3 FY25 stood at ₹53.48 crore, showing an improvement of 0.37% QoQ from ₹53.51 crore in Q2 FY25 but a decline of 16.73% YoY from ₹64.23 crore in Q3 FY24.

  • Q3 FY25: ₹53.48 crore
  • Q2 FY25: ₹53.51 crore
  • Q3 FY24: ₹64.23 crore
  • QoQ Change: -0.06%
  • YoY Change: -16.73%

Expenses:
Total expenses for Q3 FY25 were ₹293.39 crore, reflecting a 35.99% decrease QoQ from ₹458.57 crore but a rise of 27.88% YoY from ₹228.29 crore in Q3 FY24.

  • Q3 FY25: ₹293.39 crore
  • Q2 FY25: ₹458.57 crore
  • Q3 FY24: ₹228.29 crore
  • QoQ Change: -35.99%
  • YoY Change: +27.88%

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