Waaree Renewable Technologies Limited (WRTL) has announced a profit of Rs 281.6 million for the first quarter of the financial year 2024-25. They experienced a year-on-year (YoY) growth of 208.51 per cent. Their revenues saw an 83.31 per cent YoY increase to reach Rs 2.36 billion. Their EBITDA showed a 206.6 per cent YoY increase at Rs 410.8 million. The engineering, procurement and construction segment delivered 302.95 MW of projects.
WRTL is a part of the Waaree group and is focused on solar EPC work. In June 2023, they had secured an EPC contract for a 5 MW solar power project in Chhattisgarh. In July 2023, they had commissioned an 87.5 MW EPC solar project in Khandwa, Madhya Pradesh.
