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Waaree Energies Q2 Results Highlights: Net profit jumps 15% to ₹361.6 crore, revenue up 1%
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5 min read | Updated on November 18, 2024, 20:55 IST
SUMMARY
Waaree Energies Q2 results and share price highlights: Waaree Energies reported a 14.7% jump in its consolidated net profit to ₹361.6 crore in the second quarter of the current fiscal. In the year-ago period, profit after tax was ₹315 crore.
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Waaree Energies Ltd is the largest manufacturer of solar PV modules in India.
Waaree Energies Q2 Results Live Update at 8:55 pm: Its consolidated revenue from operations increased 1% to ₹3,574.3 crore in the three-month period ended September 2024 compared to ₹3,537.2 crore a year back.
Waaree Energies Q2 Results Live Update at 8:48 pm: Waaree Energies reported a 14.7% jump in its consolidated net profit to ₹361.6 crore in the second quarter of the current fiscal. In the year-ago period, profit after tax was ₹315 crore.
Waaree Energies Q2 Results Live Update at 4:53 pm: How did the company perform in previous financial years?
| Particulars | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | ₹2,854 cr | ₹6,750 cr | ₹11,397 cr |
| Net Profit | ₹79.6 cr | ₹500 cr | ₹1,274 cr |
Waaree Energies Q2 Results Live Update at 4:00 pm: Renewable energy firm Waaree Energies Ltd will announce earnings for the latest September quarter shortly.
Waaree Energies Q2 Results Live Update at 3:35 pm: Waaree Energies shares settle 6.46% higher at ₹3,106 apiece on the NSE.
Waaree Energies Q2 Results Live Update at 3:17 pm: Trading stats
- Traded volume: 35.51 lakh
- Traded value: ₹1,090.59 crore
- Total market capitalisation: ₹89,572.03 crore
- Free float m-cap: ₹7,137.02 crore
Waaree Energies Q2 Results Live Update at 2:58 pm: Shares of Waaree Energies are trading 7.1% higher at ₹3,126.85 per share on the NSE.
Waaree Energies Q2 Results Live Update at 2:46 pm: Shares of renewable energy firm Waaree Energies are trading 5.29% higher at ₹3,071.75 apiece on the NSE.
Waaree Energies Q2 Results Live Update at 2:31 pm: Price information
- Current price: ₹3,134.5 (+7.4%)
- Previous close: ₹2,917.45
- Open: ₹2,950
- High: ₹3,186
- Low: ₹2,893.30
Waaree Energies Q2 Results Live Update at 2:13 pm: Shares of Waaree Energies Ltd are trading at ₹3,135 apiece, reflecting an increase of 7.46% on the NSE.
Waaree Energies Q2 Results Live Update at 1:55 pm: Clients
- Aditya Birla Group
- Amp
- Amara Raja
- BHEL
- ACME
- Adani
- Amplus Solar
- Suzlon
- Susten
- Bosch
- Hild Energy
- Ujaas
- Cengiz Holding
- Else Enerji
- Hecate Energy
- TCED
- Recom
- Sigma Energy Consulting
- Trye Green Capital
- SSP
Waaree Energies Q2 Results Live Update at 1:38 pm: What type of solar PV modules does Waaree Energy manufacture?
- TOPCon technology solar panel
- Monocrystalline solar panel
- Polycrystalline solar panel
- Flexible lightweight solar panel
Waaree Energies Q2 Results Live Update at 1:18 pm: The stock is trading 8.14% higher at ₹3,154.85 apiece on the NSE.
Waaree Energies Q2 Results Live Update at 12:39 pm: Waaree Energies shares are trading in positive territory ahead of the earnings announcement. The stock is up 8.45% to ₹3,163.95 apiece on the NSE.
Waaree Energies Q2 Results Live Update at 12:19 pm: Trading stats
- Traded volume: 21.95 lakh
- Traded value: ₹664.77 crore
- Total market capitalisation: ₹89,995.77 crore
- Free float m-cap: ₹7,155.54 crore
Waaree Energies Q2 Results Live Update at 11:55 am: Waaree Energies shares jump 7.6% to ₹3,140 apiece on the NSE. On the BSE, it rose 7.2% to ₹3128.8 per share.
Waaree Energies Q2 Results Live Update at 11:20 am: Shares of Waaree Energies are trading 1.79% higher at ₹2,969.7 apiece on the NSE.
Waaree Energies Q2 Results Live Update at 11:06 am: Price information
- Current price: ₹2,958 (+1.4%)
- Previous close: ₹2,917.45
- Open: ₹2,950
- High: ₹2,997
- Low: ₹2,893.30
Waaree Energies Q2 Results Live Update at 10:50 am: Board of Directors
- Hitesh Chimanlal Doshi, Chairman and Managing Director
- Hitesh Pranjivan Mehta, Whole-time Director
- Richa Manoj Goyal, Independent Director
- Jayesh Dhirajlal Shah, Independent Director
- Rajender Mohan Malla, Independent Director
- Sujit Kumar Varma, Independent Director
- Viren Chimanlal Doshi, Whole-time Director
- Dr Arvind Ananthanarayanan, Non-Executive Director
Waaree Energies Q2 Results Live Update at 10:24 am: Shares of Waaree Energies are up 1.63% to ₹2,965 apiece on the NSE.
Waaree Energies Q2 Results Live Update at 9:51 am: Waaree Energies' market capitalisation stands at ₹84,849.09 crore, as shares trade 1.24% higher at ₹2,953.50 apiece.
Waaree Energies Q2 Results Live Update at 9:38 am: Waaree Energies shares are trading flat at ₹2,918.20, up 0.03%, on the NSE.
Waaree Energies Q2 Results Live Update at 9:20 am: Shares of Waaree Energies are trading 0.39% lower at ₹2,905.95 apiece on the NSE.
Waaree Energies Q2 Results Live Update at 8:57 am: The renewable energy firm will announce its earnings on Monday, November 18.
Waaree Energies Q2 results: Waaree Energies will announce its results for the second quarter of the financial year 2024-25 (Q2 FY25) on Monday, November 18.
Waaree Energies is the largest manufacturer of solar PV modules in India. As of June 30, 2024, its aggregate installed capacity was 12 gigawatts (GW).
Waaree Energies share price
Waree Energies share price settled at ₹2,915.95 per share, up 1.4%, on the National Stock Exchange (NSE) on Thursday, November 14.
The company had hit an all-time high of ₹3,743 on November 6.
Earlier this month, the firm received an order for a supply of modules up to 180 megawatt peak (Mwp) from a "renowned customer engaged in the business of owning, developing and operating renewable power projects in India".
Stocks to watch on November 18: Waaree Energies, Tata Motors, Hero MotoCorp, IGL, Godrej Properties, Godavari Biorefineries, and more
Shares of Waaree Energies were listed at ₹2,500 apiece on the NSE last month, a premium of 66.3% to the issue price of ₹1,503 units.
Waaree Energies IPO had received a total subscription of 76.34 times. The ₹4,321.44 crore initial share sale included ₹3,600 crore from the fresh issuance of equity shares and ₹721.44 crore via an offer-for-sale.
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