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Record Year of Strong Growth
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Record Revenue growth of 149.73% YoY at Rs. 876.44 crores and Record PAT growth of 167.55% YoY at Rs. 148.04 crores
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Unexecuted Orderbook of 2,365 MWp to be executed in next 18 months
Mumbai : Waaree Renewable Technologies Limited (BSE: 534618), the Solar EPC subsidiary of Waaree Group, a solar developer that finances, constructs, owns and operates solar projects, has reported its audited financial results for the quarter and nine month ended March 31, 2024.
KEY PERFORMANCE HIGHLIGHTS
FY24
• Revenue for FY24 stood at Rs. 876.44 crores representing a growth of 149.73% YoY as compared to Rs.350.96 crores in FY23
• EBITDA for FY24 stood at Rs. 207.18 crores as compared to Rs. 83.75 crores in FY23 representing a growth of 147.40% YoY
• PAT for FY24 stood at Rs. 148.04 crores as compared to Rs. 55.33 crores in FY23 representing a growth of 167.55% YoY
Q4FY24
· Revenue for Q4FY24 stood at Rs. 273.25 crores representing a growth of 344.40% YoY as compared to Rs. 61.49 crores in Q4FY23
· EBITDA for Q4FY24 stood at Rs. 75.30 crores as compared to Rs. 22.29 crores in Q4FY23 representing a growth of 237.83% YoY
· PAT for Q4FY24 stood at Rs. 54.18 crores as compared to Rs. 12.28 crores in Q4FY23 representing a growth of 341.41% YoY
Order book Position:
· Unexecuted order book stands at 2,365 MWp
· Bidding pipeline remains robust
Key Updates:
Ø The Company has successfully completed the corporate action of a stock split, reducing the face value of its Equity shares in the ratio of 1:5 per share. The face value of shares now stands at Rs. 2/- per share
Recent Order Wins
· 980 MWp Ground Mounted solar power project
· 412 MWp Ground Mounted solar power project
· 450 MWp Ground Mounted Solar power Project
· 4 MWp Ground Mounted solar power project
