Waaree Renewable Techs. will hold a meeting of the Board of Directors of the Company on 16 January 2025.Powered by Capital Market - Live

Bharat Road Network Ltd, United Drilling Tools Ltd, Gujarat State Financial Corporation and Ruchi Infrastructure Ltd are among the other gainers in the BSE's 'B' group today, 14 January 2025.Waaree Renewables Technologies Ltd soared 17.25% to Rs 1115 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 15.73 lakh shares were traded on the counter so far as against the average daily volumes of 2.82 lakh shares in the past one month. Bharat Road Network Ltd surged 14.60% to Rs 44.98. The stock was the second biggest gainer in 'B' group. On the BSE, 4236 shares were traded on the counter so far as against the average daily volumes of 6369 shares in the past one month. United Drilling Tools Ltd spiked 12.86% to Rs 267.15. The stock was the third biggest gainer in 'B' group. On the BSE, 5319 shares were traded on the counter so far as against the average daily volumes of 2501 shares in the past one month. Gujarat State Financial Corporation jumped 11.43% to Rs 19.5. The stock was the fourth biggest gainer in 'B' group. On the BSE, 13393 shares were traded on the counter so far as against the average daily volumes of 20526 shares in the past one month. Ruchi Infrastructure Ltd spurt 10.32% to Rs 11.33. The stock was the fifth biggest gainer in 'B' group. On the BSE, 39427 shares were traded on the counter so far as against the average daily volumes of 15977 shares in the past one month. Powered by Capital Market - Live

Welspun Investments & Commercials Ltd, Nureca Ltd, Dr Agarwals Eye Hospital Ltd and Khandwala Securities Ltd are among the other losers in the BSE's 'B' group today, 13 January 2025.Waaree Renewables Technologies Ltd tumbled 20.00% to Rs 951 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 16.91 lakh shares were traded on the counter so far as against the average daily volumes of 2.03 lakh shares in the past one month.Welspun Investments & Commercials Ltd crashed 15.30% to Rs 754. The stock was the second biggest loser in 'B' group.On the BSE, 362 shares were traded on the counter so far as against the average daily volumes of 206 shares in the past one month.Nureca Ltd lost 12.66% to Rs 335.4. The stock was the third biggest loser in 'B' group.On the BSE, 36310 shares were traded on the counter so far as against the average daily volumes of 11438 shares in the past one month.Dr Agarwals Eye Hospital Ltd shed 11.96% to Rs 6000. The stock was the fourth biggest loser in 'B' group.On the BSE, 10241 shares were traded on the counter so far as against the average daily volumes of 3917 shares in the past one month.Khandwala Securities Ltd corrected 11.75% to Rs 24.27. The stock was the fifth biggest loser in 'B' group.On the BSE, 6048 shares were traded on the counter so far as against the average daily volumes of 3869 shares in the past one month.Powered by Capital Market - Live

The company has accepted his resignation and relieved him of his responsibilities with effect from the close of business hours on 31 January 2025. 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. On a consolidated basis, net profit of Waaree Renewable Technologies surged 160.52% to Rs 53.52 crore on a 250% increase in net sales to Rs 524.47 crore in Q2 September 2024 over Q2 September 2023.Powered by Capital Market - Live

The Board of Waaree Renewables Technologies at its meeting held on 19 December 2024 has approved the listing of its equity shares on National Stock Exchange of India (NSE) subject to regulatory approvals. Powered by Capital Market - Live

The order was received on 27 November 2024. It was awarded by a domestic company involved in renewable energy development. The order includes a Term Sheet for the execution of engineering, procurement, and construction (EPC) works for ground mount solar PV project with a capacity of 2012.47 MWp DC capacity. The contract value stood at Rs 1,233.47 crore and the project timeline to be mutually decided. The company clarified that neither the promoter group nor any affiliated companies have any interest in the awarding entity, and the order does not involve related party transactions. 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. On a consolidated basis, net profit of Waaree Renewable Technologies surged 160.52% to Rs 53.52 crore on 250% increase in net sales to Rs 524.47 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

On a consolidated basis, net profit of Waaree Renewable Technologies surged 160.52% to Rs 53.52 crore on 250% increase in net sales to Rs 524.47 crore in Q2 September 2024 over Q2 September 2023. Profit before tax stood at Rs 69.30 crore in the Q2FY25, up 151.55% YoY and up 76.45% QoQ. EBITDA was at Rs 71.57 crore in the Q2FY25, up 133.27% YoY and up 74.22% QoQ. EBITDA margin stood at 13.65% in Q2FY25, lower than 17.38% in Q1FY25 and 20.44% in Q2Y24. Total expenses rose 271.3% to Rs 452.90 crore in Q2 FY25 over Q2 FY24. During the quarter, cost of EPC contract stood at Rs 442.47 crore (up 287.62% YoY) while employee benefits expense was at Rs 7.54 crore (up 72.54% YoY). Net cash flow from operating activities improved to Rs 84.90 crore in Q2FY25 from a cash flow of Rs 53.38 crore in Q2FY24. The company's unexecuted order book stands at 1.7 GWp to be executed between 09-12 months. Bidding pipeline remains robust at 17.8 GWp. 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

Net profit of Waaree Renewables Technologies rose 192.25% to Rs 53.54 crore in the quarter ended September 2024 as against Rs 18.32 crore during the previous quarter ended September 2023. Sales rose 249.51% to Rs 524.47 crore in the quarter ended September 2024 as against Rs 150.06 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales524.47150.06 250 OPM %13.6518.72 - PBDT70.8826.54 167 PBT69.3025.12 176 NP53.5418.32 192 Powered by Capital Market - Live

Waaree Renewable Techs. will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live

Waaree Renewables Technologies has received the credit ratings from CARE for bank facilities availed by the company as under: Long term bank facilities (Rs 28.94 crore) - CARE A-; Stable (assigned) Long term / short term bank facilities (Rs 1,394.06 crore) - CARE A-; Stable / CARE A2 (affirmed) Powered by Capital Market - Live