Waaree Renewable Tech Shares Soar 7% as Q3 Net Profit Doubles to Rs 120 Crore

• Waaree Renewable Tech's shares surged 7.06% to Rs 929.40 on NSE following strong Q3 results.
• The company's net profit more than doubled to Rs 120.19 crore in the December quarter, up 124.74% YoY.
• Revenue for the quarter significantly increased by 136.18% YoY, reaching Rs 851.06 crore.
• Waaree Renewable Tech has an unexecuted order book of 2.92 GWp and a robust bidding pipeline of 29 GWp.
• The board approved a capex budget for a 120 MWp Solar Power Park in Buldhana, Maharashtra.

Why It Matters: Waaree Renewable Tech reported a stellar Q3 with net profit doubling and shares rising, driven by strong revenue growth.