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”.
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