Waaree Energies Earning Reports: Profits Jump 17% After IPO – Read Full Details Here with appropriate information in numbers.
Waaree Energies is India’s biggest maker of solar panels. The company shared its Q2 (second quarter) results for FY25. These are its first results after it became a listed company on the stock market.
Table of Contents
Key Points of the Waaree Energies Earning Reports
- Waaree Energies has shown strong growth this quarter.
- The company earned a net profit of ₹375 crore, which is 17% higher than last year.
- Its revenue has also gone up slightly.
- Waaree is investing ₹600 crore in new renewable energy projects.
Profit and Revenue Details
The company’s net profit rose from ₹320 crore to ₹375 crore. This is a difference of ₹55 crore, or 17% growth. This growth shows the company is doing well in the market.
The revenue from its main business also grew. It increased from ₹3,537 crore to ₹3,574 crore, a rise of ₹37 crore. The total income of the company grew by 2.95%, reaching ₹3,663 crore.
EBITDA and Margins
EBITDA is a measure of how much money a company earns before taxes and other costs. Waaree’s EBITDA grew from ₹538 crore to ₹614 crore. This is a 14% increase.
The company’s EBITDA margin also improved. It rose from 15.13% to 16.76%. This shows Waaree is managing its costs well.
Profit After Tax (PAT)
Profit After Tax (PAT) is the money left after paying all taxes. Waaree’s PAT grew from ₹320 crore to ₹375 crore, an increase of 17%. The PAT margin also rose from 9.00% to 10.25%.
Production and Orders
Waaree made 3.3GW of solar panels in the first half of FY25. In comparison, it made 4.8GW in the whole of FY24. The company’s order book is very strong. It has orders for 20GW of solar panels as of September 30, 2024.
Investments in Renewable Energy
Waaree’s Board of Directors has approved a big investment. The company will spend ₹600 crore on new renewable energy projects. This money will be used to build infrastructure, buy land, and connect to energy grids. This investment will help Waaree grow even more in the future.
Earning Reports Summary of Waaree Energies’ Q2 FY25 Stats
| Category | Previous (₹ Crore) | Current (₹ Crore) | Growth/Change |
|---|---|---|---|
| Net Profit (YoY) | 320 | 375 | +₹55 crore (17%) |
| Revenue from Operations | 3,537 | 3,574 | +₹37 crore |
| Total Income | 3,559 | 3,663 | +₹104 crore (2.95%) |
| EBITDA | 538 | 614 | +₹76 crore (14%) |
| EBITDA Margin | 15.13% | 16.76% | +1.63% |
| PAT | 320 | 375 | +₹55 crore (17%) |
| PAT Margin | 9.00% | 10.25% | +1.25% |
| Solar Panel Production | 4.8GW (FY24 total) | 3.3GW (H1FY25) | Progress Ongoing |
| Order Book | – | 20GW | New Orders |
About Waaree Energies
Waaree Energies Limited was started in 1990. The company is based in Mumbai. It makes solar panels and offers energy solutions. Waaree’s factories can produce 13.3GW of solar panels every year.
The company operates in India and 25 other countries. It provides many solar products and services, like panel manufacturing, project development, and rooftop systems. Waaree focuses on creating affordable and modern energy solutions.
Why Is This Important?
The growth of Waaree Energies shows that renewable energy is a strong industry. Solar energy is clean and helps reduce pollution. Waaree’s success will encourage other companies to invest in renewable energy.
FAQs About Waaree Energies’ Q2 Results
Q1: What is Waaree Energies known for?
A1: Waaree Energies is India’s biggest solar panel maker. It also provides energy solutions like project development and rooftop solar systems.
Q2: How much did Waaree Energies’ profit grow in Q2 FY25?
A2: The net profit grew by 17%, from ₹320 crore to ₹375 crore.
Q3: What was the revenue growth in Q2 FY25?
A3: The revenue increased slightly, from ₹3,537 crore to ₹3,574 crore, showing a rise of ₹37 crore.
Q4: How much solar panel production did the company achieve?
A4: Waaree made 3.3GW of solar panels in the first half of FY25.
Q5: What is the size of Waaree’s current order book?
A5: The order book is 20GW as of September 30, 2024.
Q6: How much is the company investing in renewable energy projects?
A6: Waaree is investing ₹600 crore in building infrastructure and a bidding pipeline for renewable energy.
Q7: What is Waaree’s EBITDA growth?
A7: The EBITDA grew by 14%, from ₹538 crore to ₹614 crore.
Conclusion
Waaree Energies is doing well after its IPO. Its profits and revenue have increased. The company is also investing in new projects. With its strong order book and focus on solar energy, Waaree is set to grow even more in the future.
(Disclaimer: This information is for educational purposes only. Please consult a financial advisor before making any investment decisions.)
