Waaree Renewable Technologies on Saturday reported PAT for FY24 at Rs 148.04 crore as compared to Rs 55.33 crore in FY23 representing a growth of 167.55 per cent YoY. At the same time, EBITDA for FY24 stood at Rs 207.18 crore as compared to Rs 83.75 crore in FY23 representing a growth of 147.40 per cent YoY.
The revenue for Q4FY24 of the company stood at Rs 273.25 crore representing a growth of 344.40 per cent YoY as compared to Rs 61.49 crore in Q4FY23.
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.
Waaree Renewable Technologies is a subsidiary company of Waaree Group and spearheading the Solar EPC business. Waaree Group has successfully installed Ten thousand plus solar projects with cumulative installation done for over 1.2+ GW.
The company is also a solar developer that finances, constructs, owns and operates solar projects.