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.

Next Story
Infrastructure Transport

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

Next Story
Infrastructure Transport

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

Next Story
Real Estate

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?