Business

Q2 Net Profit For Waaree Renewable Technologies Increases To Rs 18 Crore

Waaree Renewable Technologies increased its consolidated net profit by nearly 124.18 percent to Rs 18.29 crore in the September quarter, owing to greater revenues.

In the previous year, the company’s consolidated net profit was Rs 8.16 crore, according to a statement released on Thursday.

Revenue from operations grew to Rs 150.06 crore in the second quarter of the current fiscal year, up from Rs 120.56 crore the previous year.

As of September 30, the unexecuted order book stood at 897 MW.

In a statement, Waaree Renewable Technologies CFO Dilip Panjwani stated, “Our strong financial footing, characterized by a healthy balance sheet, net cash reserves, and a disciplined working capital cycle, empowers us to execute profitable projects with higher returns”.

Also read: 57 Employees Killed In Gaza; UN Calls For Meaningful And Uninterrupted Aid

Spriha Rai

Recent Posts

Maruti Suzuki Celebrates 3 Million Vehicle Export Milestone; Aims Higher

Maruti Suzuki India Ltd marked a milestone by exporting its 3 millionth vehicle in a…

27 mins ago

Sectarian Violence In Pakistan’s Kurram District Claims 88 Lives

The death toll from sectarian clashes in Kurram district, located in Pakistan’s northwest Khyber Pakhtunkhwa…

34 mins ago

India Celebrates 75th Constitution Day With Tributes And Resolutions

PM Modi reflected on the Constitution's significance, describing it as a "modern expression of India's…

47 mins ago

India’s iPhone Production Surges To $10 Billion In FY25; Bolstered By PLI Scheme

India's iPhone production hit $10 billion in the first seven months of FY25, according to…

54 mins ago

Delhi’s Air Quality Deteriorates; Several Areas Enter ‘Severe’ Category

Delhi's air quality worsened on Tuesday as the Air Quality Index (AQI) fell into the…

2 hours ago

Joe Biden And Jill Biden Confirm Attendance At Donald Trump’s Inauguration

US President Joe Biden and First Lady Jill Biden will attend inauguration of President-elect Donald…

2 hours ago