Introduction:
WAAREE ENERGIES LTD Share jumps 19 percent in wednesday trading session after declaring blockbuster quarterly results, revenue jumps 36 percent in Q4 and net profit Jumps 34 percent for the same period.
Price Movement of Waaree Energies Ltd.:
Waaree energies share opens at Rs. 2820 per share and making a low of Rs. 2740.80 per share and then moves up till Rs. 3116.30 per share.
Financial of the Company:
With Market Capatilization of Rs. 88,206 crore and Price to earning(P/E) ratio of 47.2, company's ROE is 27.6 percent and ROCE of 35.1 percent.
Revenue of company increases 27 percent on YoY basis from Rs.11,398 crore in FY24 to Rs.14,444 crore in FY25 and net profit jumps 89 percent from Rs. 1,274 crore to Rs. 1,928 crore for the same period.
Operating profit margin also sees a growth from 14 percent to 19 percent for the same period.
QoQ basis company revenue jumps 36 percent from last quarter last year which is Rs. 2,936 crore to Rs. 4,004 crore.
About The Company:
Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW. WEL has five solar module manufacturing facilities in India, with international presence.
Product Portfolio
The solar PV modules are manufactured using multicrystalline, monocrystalline, and advanced technologies like Tunnel Oxide Passivated Contact (TOPCon), which minimizes energy loss and boosts efficiency.
Its product range includes multicrystalline modules, monocrystalline modules, TOPCon modules, flexible modules, bifacial (Mono PERC) modules, and building integrated photovoltaic (BIPV) modules.
Disclamier:
This article is only for knowlege purpose, before any buying or selling decision consult your financial advisor.