Waaree Renewable Q3 Results: Profit Falls Over 16%, Margin Contracts
Solar power producer Waaree Renewable Technologies Ltd.'s profit fell in the third quarter of financial year 2025.
The solar EPC subsidiary of Waaree Group's net profit decreased 16.7% year-on-year to Rs 53.5 crore in the quarter ended Dec. 31, 2024, according to the exchange filing on Thursday. The company's margin contracted 700 basis points.
Waaree Renewable Technologies Q3 FY25 (Consolidated, YoY)
Revenue up 11% at Rs 360 crore versus Rs 324 crore.
Ebitda down 18% at Rs 72 crore versus Rs 88 crore.
Ebitda margin at 20% vs 27%.
Net profit down 16.7% at Rs 53.5 crore versus Rs 64.2 crore.
Despite Waaree Renewable Technologies seeing a growth in revenues in the third quarter, the company's margins were heavily under pressure.
Margins of the company contracted 700 basis points to 20% due to a significant surge in the following costs:
Cost of EPC contracts increased 31% year-on-year to Rs 275.93 crore.
Employee benefit expenses rose 64% year-on-year to Rs 7.92 crore.
Other expenses more than doubled to Rs 4.57 crore.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
