Waaree's Q1 FY 2025 Profit Soars 208% with EPC Segment Revenue Growth
POWER & RENEWABLE ENERGY

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

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code