Waaree Renewable Technologies, a leader in the renewable energy space, recently announced its Q3 FY25 earnings, highlighting a 17% year-on-year decline in net profit to ₹53.50 crore from ₹64.25 crore in the same quarter last year. While the profit dipped slightly from ₹53.51 crore in Q2 FY25, the company achieved notable revenue growth.
Key Highlights of Waaree Renewable's Q3 Earnings
- Revenue Growth: Revenue from operations surged by 11.15% to ₹360.34 crore, compared to ₹324.19 crore in Q3 FY24.
- Dividend Declaration: An interim dividend of ₹1 per equity share (face value ₹2 each) was announced.
- Record Date: January 24, 2025, has been set to finalize eligible shareholders for the dividend payout.
CFO Insights and Renewable Sector Outlook
In an exclusive interaction with Business Today TV, Dilip Panjwani, CFO of Waaree Renewable Technologies, shared insights into the company’s Q3 earnings and its strategic approach for FY25.
Factors Influencing Performance:
- Revenue Growth Drivers: Investments in cutting-edge technology and an expanding project portfolio contributed to revenue growth.
- Profit Decline Explained: Rising operational costs and market conditions affected the profit margin.
Outlook for Renewable Energy in FY25:
- With a global emphasis on sustainable practices, Waaree Renewable is poised to tap into emerging opportunities in solar and green energy solutions.
- The company aims to strengthen its market position through innovation and partnerships.
Brand Commitment to Green Energy
At Waaree Renewable Technologies, the mission goes beyond profits. The company is committed to leading the transition to sustainable energy while delivering value to its stakeholders.
By embracing innovation and maintaining a strong growth trajectory, Waaree Renewable continues to shine as a beacon in the renewable energy sector.
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