Solar stock plunges 11% after net income falls 17% year-over-year: Dividend announced
It is one of the solar stocks specializing in solar energy solutions, including engineering, procurement and construction (EPC) services. The stock fell 10.55% after reporting a 16.74% year-over-year decline in net income.
stock price movement
During Thursday’s trading session, Waaree Renewables Technologies Limited It fell to an intraday low of 10.55% compared to the previous day’s closing price. 1145.95. The stock opened at Rs. 1,190 and is currently trading at Rs. 1,076.75, up to Rs. 1,233 and as low as Rs. 1,025. The current market capitalization is approximately 100 billion won. 11,174.75 crore.
Browse Q3 FY25 Results
Waaree Renewables Technologies Limited’s quarterly results show that the company’s consolidated operating revenue grew 11.15% YOY at Rs. 324.19 billion in Q3 2024 to 360.35 billion in Q3 2025, down 30.27% QoQ from Rs. 5244.7 billion in Q2 FY25.
Additionally, the company’s EBITDA declined by 18.1% from Rs. 87.81 crore in the third quarter of FY24 to Rs. $71.92 billion in the third quarter of fiscal 2025. PAT margin also declined from 19.81% in Q3 FY24 to 14.84% in Q3 FY25.
In the third quarter of FY25, Waaree Renewables Technologies Limited’s consolidated net profit decreased by 16.74% year-on-year, reaching Rs. 53.48 crore compared to Rs. In the same period last year, it was 6.423 billion won. Net profit in the second quarter also recorded 5 billion won, a slight decrease compared to the second quarter of 2025. 53.52 crore.
Basic earnings per share decreased by 20.23% to Rs 5.14 compared to Rs 60.18 recorded in the same quarter of 2024.
dividend
Waaree Renewables Technologies Limited has decided to pay interim dividend at the rate of 50% on the face value of paid-up shares of Rs. 2 each in the financial year 2024-25, which is a dividend of Re. 1 per stake. The dividend record date is January 25, 2024.
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FY25 3rd quarter order book position
Waaree Renewables Technologies Limited has an outstanding order book of 3.4 GWp, which is expected to be completed within 9-15 months. The company’s bid pipeline remains strong with 23.37 GWp of potential projects, indicating continued growth in the renewable energy sector.
Key updates for Q3 FY25
The company plans to expand into the EPC segment for the data center industry in India and globally. The company has recently secured significant orders, including the development of a 2012.47MWp ground solar PV project and a 41.6MWp IPP (Independent Power Producer) plant.
client base
The company serves renowned clients from various sectors including ArcelorMittal, L&T, Reliance Industries, Aditya Birla Group, NTPC, Adani, PTC Group, Mondelez, Bharat Petroleum and Acciona.
business operations
Waaree Renewables Technologies Limited has commissioned 1.82 GW of projects and produced 11.6 GW of solar modules. The company aims to achieve module production capacity of 13.3GW and cell production capacity of 5.4GW in FY25. The company operates globally, serving 9,300 employees in 26 countries and 372 franchises in India.
Written by – Nikhil Naik
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