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.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..