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However, revenue from operations increased 11.15% year on year to Rs 360.35 crore in the quarter ended 31 December 2024. Profit before tax stood at Rs 70.73 crore in Q3 FY25, down 18.12% as against Rs 86.39 crore recorded in Q3 FY24. Total expenses increased 23.12% to Rs 293.39 crore in Q3 FY25 as compared to Rs 238.29 crore reported in Q3 FY24. Cost of EPC contracts stood at Rs 275.93 crore (up 20.33% YoY). While employee benefit expenses stood at Rs 7.92 crore (up 64.65% YoY) during the period under review. On segmental front, revenue from EPC contract stood at Rs 354.46 crore (up 11.15% YoY) and revenue from power sale stood at Rs 5.89 crore (up 11.34% YoY) during the quarter. On nine-month basis, the company's net profit surged 44.03% to Rs 135.35 crore on 85.87% surge in revenue to Rs 1,121.17 crore in 9M FY25 over 9M FY24. Meanwhile, the company's board has approved and declared an interim dividend of Rs 1 per equity share of Rs 2 each. The company has fixed 24 January 2025 as the record date to determine the eligibility of members to receive the said interim dividend. Waaree Renewable Technologies, a subsidiary of Waaree Group, is a leading solar EPC company based in Mumbai. In addition to EPC services, they also develop, finance, construct, own, and operate solar projects, focusing on commercial and industrial customers. Powered by Capital Market - Live News |