Waaree Energies Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- Waaree Energies Ltd reported a 3.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a - of -.
- Its expenses for the quarter were down by 9.8% QoQ and - - YoY.
- The net profit increased 34.9% QoQ and - - YoY.
- The earnings per share (EPS) of Waaree Energies Ltd stood at 18.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3545.26 | 3663.46 | 0.00 | -3.2% | - |
Total Expenses | 2855.46 | 3164.63 | 0.00 | -9.8% | - |
Profit Before Tax | 689.81 | 498.84 | - | 38.3% | NaN% |
Tax | 182.94 | 123.18 | 0.00 | 48.5% | - |
Profit After Tax | 506.88 | 375.66 | 0.00 | 34.9% | - |
Earnings Per Share | 18.30 | 13.70 | 0.00 | 33.6% | - |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Waaree Energies Ltd is a prominent player in the renewable energy sector, specializing primarily in the manufacturing and distribution of solar photovoltaic modules. The company is known for its extensive portfolio of solar energy solutions that cater to a wide range of industrial and residential applications. As a leader in the Indian solar industry, Waaree Energies focuses on innovation and sustainability, offering products that include solar panels, solar power plants, and energy-efficient solutions. Recent developments in the company have focused on expanding manufacturing capacities and enhancing product offerings to meet the growing demand for renewable energy solutions in India and globally. However, detailed information about any specific recent developments is not available in the given data.
Revenue
During the third quarter of fiscal year 2025, Waaree Energies Ltd reported a total income of ₹3545.26 crores. This represents a decrease of 3.2% compared to the second quarter of fiscal year 2025, where the total income stood at ₹3663.46 crores. The year-over-year comparison is not available as the total income for Q3FY24 is not provided. The decline in total income on a quarter-over-quarter basis may reflect various factors influencing the company's revenue streams, although specific causes are not detailed in the provided data.
Profitability
Waaree Energies Ltd's profitability improved significantly in Q3FY25 compared to the previous quarter. The profit before tax increased to ₹689.81 crores, marking a 38.3% rise from ₹498.84 crores in Q2FY25. After accounting for taxes, the profit after tax was ₹506.88 crores, which is a 34.9% increase from the previous quarter's ₹375.66 crores. Earnings per share also saw an uptick, rising by 33.6% from ₹13.70 in Q2FY25 to ₹18.30 in Q3FY25. The year-over-year comparison for these profitability metrics is not available due to the absence of corresponding data for Q3FY24.
Operating Metrics
The total expenses for Waaree Energies Ltd in Q3FY25 were reported at ₹2855.46 crores, reflecting a 9.8% reduction from ₹3164.63 crores in Q2FY25. This decrease in expenses may have contributed to the company's improved profitability metrics compared to the previous quarter. The tax expense also increased from ₹123.18 crores in Q2FY25 to ₹182.94 crores in Q3FY25, which is a 48.5% increase. These operating metrics highlight the company's cost management and tax obligations during the quarter, although the reasons behind these changes are not specified in the provided data.
