Waaree Energies Q3: Net Profit Jumps 26%, Revenue Up 24.7% Sequentially

• Waaree Energies reported a strong Q3 performance with net profit increasing 26% quarter-on-quarter to ₹1,062 crore.
• Revenue for the December quarter rose 24.7% sequentially, reaching ₹7,656 crore.
• EBITDA saw a significant 37.2% sequential rise to ₹1,928 crore, with margins improving to 25.5%.
• The company recognized a one-time provision of ₹7.14 crore due to new labor codes, awaiting final government notification.
• Shares of Waaree Energies closed 2.82% lower on January 21, despite the positive financial results.

Why It Matters: Waaree Energies demonstrated robust sequential growth in Q3 net profit, revenue, and EBITDA, despite a dip in share price.