Waaree Renewable Technologies share price plummeted 7.03 per cent at Rs 1001.05 a piece on the BSE in Friday's intraday trade
Waaree Renewables Technology Limited (WRTL) on Thursday reported about 17 per cent fall in its consolidated net profit to Rs 53.48 crore for the December 2024 quarter, hit by higher expenses. It had posted a net profit of Rs 64.23 crore in the October-December quarter of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income increased to Rs 364.12 crore from Rs 324.67 crore a year ago. Its expenses also rose to Rs 293.39 crore from Rs 238.28 crore in the third quarter of the last financial year. WRTL is a subsidiary of Waaree Energies Ltd, which is among India's largest solar PV module manufacturers.
The rise in the Waaree Renewables scrip came after the company announced that it has secured a Term Sheet for the execution of EPC works for Ground mount Solar PV project of 2,012.47 MWp DC capacity
Shares of Waaree Renewable Technologies locked in a 5 per cent upper circuit at Rs 1734.75 a piece on Wednesday
Waaree Renewable Technologies Ltd's (WRTL) consolidated net profit nearly tripled to Rs 53.51 crore during the September quarter, backed by higher income. It had posted Rs 20.54 crore net profit for the same quarter a year ago, the company said in an exchange filing on Tuesday. Total income rose to Rs 527.86 crore from Rs 150.93 crore.