In Short : REC Ltd. reported a 23% rise in net profit, driven by strong loan growth and improved asset quality. The company declared an interim dividend of ₹4.30 per share, reflecting its robust financial performance. REC continues to support India’s energy sector with increased financing for renewable and infrastructure projects. In Detail : For […]
Reliance Power back in the black: Reports Rs 42 cr net profit in Q3 – EQ
In Short : Reliance Power reported a net profit of ₹42 crore in Q3, marking a return to profitability after previous losses. The turnaround was driven by improved operational efficiency and cost management. Higher power demand and strategic initiatives contributed to revenue growth. The company remains focused on strengthening its financial position and expanding its […]
Waaree Energies Q3 results: Net profit grows multifold to Rs 506.8 cr – EQ
In Short : Waaree Energies reported a multifold increase in net profit to ₹506.8 crore for Q3, driven by strong demand for solar modules. The company’s revenue surged significantly, reflecting growth in India’s renewable energy sector. With expanding capacity and strategic investments, Waaree continues to strengthen its position as a key player in the solar […]
Adani Energy Solutions net profit jumps 80 pc to Rs 625 cr in Q3 – EQ
In Short : Adani Energy Solutions reported an 80% surge in net profit, reaching ₹625 crore in Q3. The impressive growth was driven by increased operational efficiency and expanding infrastructure projects. The company’s robust performance highlights its focus on scaling renewable energy and power transmission, aligning with India’s energy transition and sustainability goals. In Detail […]
Gensol Engineering net profit grows 29% to ₹23 crore in September quarter – EQ
In Short : Sunsure Energy has commissioned a 49 MW solar project in Uttar Pradesh, contributing to the region’s renewable energy capacity. This initiative supports India’s goal of achieving 100 GW of solar power by 2022 and aims to reduce reliance on fossil fuels. The project also promises to create local job opportunities while promoting […]
IREDA posts all-time high net profit of Rs 407 cr in Apr-Dec – EQ Mag Pro
The loan sanction stood at Rs 1,439.33 crore (Q3) against Rs 1,281.22 crore in same period a year ago. State-owned Indian Renewable Energy Development Agency (IREDA) on Monday posted the highest-ever net profit of Rs 407.09 crore for the nine months ended on December 31, 2021. “Indian Renewable Energy Development Agency (IREDA), a PSU under […]
Torrent Power net profit rises 15 per cent to Rs 369 crore in Dec quarter – EQ Mag Pro
Consolidated revenues from operations up 28% to Rs 3,767.43 crore in Q3 of FY22 Gain from liquified natural gas (LNG) trading, among other things, has led Torrent Power Ltd to post a 15 per cent increase in its consolidated net profit at Rs 369.45 crore for the quarter ended December 31, 2021. The company had […]
Daqo New Energy’s Subsidiary Xinjiang Daqo Provides Preliminary Estimates of Net Profit for Full Year 2021 – EQ Mag Pro
SHANGHAI : Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy”, the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, announced that its subsidiary Xinjiang Daqo New Energy (“Xinjiang Daqo”) had provided estimates of its net profit in 2021 to the Shanghai Stock Exchange. Xinjiang Daqo estimates that […]
Walwhan Renewable Energy standalone net profit rises 1.34% in the December 2021 quarter – EQ Mag Pro
Sales decline 3.54% to Rs 81.67 crore Net profit of Walwhan Renewable Energy rose 1.34% to Rs 18.91 crore in the quarter ended December 2021 as against Rs 18.66 crore during the previous quarter ended December 2020. Sales declined 3.54% to Rs 81.67 crore in the quarter ended December 2021 as against Rs 84.67 crore […]
Shakti Pumps (India) Reports Consolidated Net Profit of Rs 30.50 Crore in the March 2021 Quarter
Sales rise 245.41% to Rs 319.71 crore. Net profit of Shakti Pumps (India) reported to Rs 30.50 crore in the quarter ended March 2021 as against net loss of Rs 6.15 crore during the previous quarter ended March 2020. Sales rose 245.41% to Rs 319.71 crore in the quarter ended March 2021 as against Rs […]