MUMBAI, India, Nov. 15, 2022 /PRNewswire/ — Waaree Renewable Technologies Limited, the listed EPC subsidiary of Waaree Energies Ltd, introduced its monetary outcomes for the second quarter and half 12 months ended September 30, 2022. The firm reported a net profit after tax of INR 18.08 crore in the September 2022 half 12 months ended towards the net profit after tax of INR 1.88 crore in the course of the earlier half 12 months ended September 2021, confirming a 864% growth Y-o-Y.
Key Highlights:
- Half 12 months ended income from operation of INR 215.59 crore, a highest ever for the corporate
- The firm’s consolidated income elevated to 446% Y-o-Y
- EBITDA for the half 12 months ended reported as INR 26.69 crore, up by 85.31% over H1 FY 2021
- The firm reported second quarter income of INR 120.56 crore from operations with a 26.87% enhance on Q-o-Q foundation.
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Consolidated outcomes for September 30, 2022 |
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(Rs. In Lakhs) |
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Particulars |
Quarter Ended |
Six Months Ended |
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Sept 30, 2022 |
June 30, 2022 |
Sept 30, 2021 |
Y-o-Y |
Sept 30, 2022 |
Sept 30, 2021 |
Y-o-Y |
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Total Income |
12099.01 |
9562.46 |
1868.41 |
547.56 % |
21661.47 |
4720.62 |
358.87 % |
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EBITDA |
1303.55 |
1365.01 |
1049.49 |
24.21 % |
2668.56 |
1440.06 |
85.31 % |
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PAT |
815.88 |
992.33 |
429.90 |
89.78 % |
1808.21 |
187.50 |
864.38 % |
Mr Hitesh Mehta, CFO, Waaree Group feedback on Waaree RTL’s efficiency, “We are very pleased to leverage the tremendous opportunity from growing energy demand in India and several positive policy initiatives by the GOI for the solar energy sector. This reflects in our strong growth in this quarter which portrays our focused approach to operational efficiencies and profitability. We aim to position us as one of the leading solar EPC players in the space. We want to be instrumental in adhering to the ESG Compliance and aim to achieve net zero vision for India.”
About Waaree RTL:
Waaree Renewables Technologies Limited (WRTL), (Formerly often known as SANGAM RENEWABLES LIMITED) is subsidiary firm of Waaree Group and spearheading the Solar EPC business. Waaree Group has efficiently put in 10000+ photo voltaic tasks, with a complete working capability of 600+ MW.
