Waaree Renewable Technologies, the solar EPC arm of Waaree Group, has reported a revenue of INR 236.35 crore ($28.23 million) in the first quarter of FY 2024-25, which is 83.3% up compared to INR 128.94 crore for the corresponding period of FY 2023-24. Revenue from operations and maintenance (O&M) was INR 2.50 crore. Profit after tax was up 209% YoY to INR 28.16 crore.
The company executed 217+ MWp of solar projects in Q1 FY 2025. Unexecuted order book stands at 2,191 MWp.
As part of its growth strategy, Waaree Renewable Technologies is exploring more opportunities in international projects and global solar storage business development, leveraging its ecosystem of renewable energy from module to storage to win clients. It is evaluating third-party O&M opportunities in international and domestic markets.
Waaree Renewable Technologies has commissioned a cumulative solar project capacity of over 1.5 GW. It has over 587+ MWp of O&M portfolio of solar power plant assets.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.