Waaree Energies Limited — Updates, 18-11-2024: Press Release

Waaree Energies Limited has reported a solid performance for the half-year ended September 30, 2024. The company achieved a total income of ₹71,598.76 Mn, up 2.67% year-over-year. EBITDA rose by 14.74% to ₹12,539.26 Mn, with a margin of 17.51%, reflecting improved operational efficiency. The profit after tax (PAT) saw a significant increase of 17.98%, reaching ₹7,767.84 Mn, indicating strong financial health.

The company boasts an impressive order book of approximately 20GW, underscoring customer confidence in its execution capabilities. Production for the half-year was recorded at 3.3GW, down from 4.8GW for the full year FY24, following a focus on improving operations. Additionally, the board has approved an investment of up to ₹6,000 Mn for infrastructure development to support future renewable power projects. Overall, Waaree demonstrates a positive outlook, highlighting both growth and strategic expansion opportunities.