Waaree Renewable Technologies Q4 Results: PAT soars to Rs 54 crore

Waaree Renewable Technologies more than quadrupled its consolidated net profit after tax to Rs 54.18 billion in the March quarter of FY24 on the back of higher revenue. It recorded PAT of Rs 12.28 crore in the same period last year, the company said in a statement on Friday.

It added that total revenue for the quarter under review also increased to Rs 273.25 billion from Rs 61.49 billion in the same period last year.

Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at Rs 75.3 billion compared to Rs 22.29 billion a year ago.

As of March 31, the company had 2,365 MW of outstanding orders.

The company’s board of directors also approved dividend of Re 1 with face value of Rs 2 in FY24.