Waaree Renewable Tech Stock Gains as Q4 Results Near, Q3 Profit Dipped

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AuthorAarav Shah|Published at:
Waaree Renewable Tech Stock Gains as Q4 Results Near, Q3 Profit Dipped
Overview

Waaree Renewable Technologies Ltd. is set to announce its fourth-quarter and full-year financial results later this week, with a board meeting scheduled for April 16. The company reported a 16.7% year-on-year profit decline to Rs 53.5 crore for Q3 FY25, despite revenue climbing 11% to Rs 360 crore. Meanwhile, shares of the solar EPC firm have surged in recent trading.

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Waaree to Announce Q4 Earnings This Week

Waaree Renewable Technologies Ltd. is scheduled to announce its audited financial results for the quarter and fiscal year ending March 31 this Thursday, April 16. The company's trading window for insiders has been closed since April 1, in line with SEBI regulations for significant financial disclosures.

Q3 Performance: Profit Falls, Revenue Grows

For the third quarter of fiscal year 2025, Waaree Renewable Technologies reported a net profit of Rs 53.5 crore, a 16.7% decrease from the same period last year. Revenue increased by 11% year-on-year to Rs 360 crore. However, profitability tightened, with EBITDA falling 18% to Rs 72 crore. The EBITDA margin narrowed by 7 percentage points to 20%, down from 27% in the prior year.

Stock Gains Ahead of Results

Waaree Renewable Technologies shares rose significantly, climbing 5.99% to Rs 973.80 on the NSE following Monday's trading session. Over the past five days, the stock gained 10.42%, and it increased by 19.96% last month. Despite a 22.62% decline over the past 6 months, the stock is up 0.60% year-to-date and 3.74% over the past year. The company previously hit a 52-week high of Rs 1,358.00 on October 27, 2024, and a low of Rs 779.50 on March 30.

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