Waaree's Q1 FY 2025 Profit Soars 208% with EPC Segment Revenue Growth

02 Aug 2024 CW Team

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) division of the Waaree Group, reported a total revenue of Rs 2.36 billion for the first quarter (Q1) of the financial year (FY) 2025, reflecting an increase of 83.3 per cent compared to the previous year.

Revenue from the EPC segment alone increased by 80.4 per cent year-over-year (YoY), reaching Rs 2.29 billion. This performance was highlighted by customer billings totaling Rs 3.01 billion for a volume of 302.95 MW, compared to Rs 1.31 billion for a volume of 109.45 MW Y-o-Y.

The earnings before interest, taxes, depreciation, and amortization grew by 206.6 per cent Y-o-Y to Rs 410.8 million.

The company reported a net profit of Rs 281.6 million in Q1 FY 2025, marking an increase of 208.5 per cent from the same period the previous year.

During the quarter, Waaree completed orders totalling over 217 MW. As of June 30, 2024, the company?s unexecuted order book was more than 2,191 MW.

Waaree noted that its bidding pipeline remains strong, standing at 15.5 GW.

Among the major ongoing projects are several large-scale installations, including a 980 MW and a 295.68 MW ground-mounted project in Kurnool, Andhra Pradesh; a 412 MW ground-mounted project in Bikaner, Rajasthan; a 210 MW ground-mounted project in Khandwa, Madhya Pradesh; a 154 MW ground-mounted project in Thoothukudi, Tamil Nadu; a 100 MW ground-mounted project in Jamnagar, Gujarat; and a 1.090 MW floating solar power project also in Gujarat.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..