Waaree Renewable Technologies Q3 Net Profit Soars 124% to Rs 120 Crore

• Waaree Renewable Technologies reported a net profit of Rs 120.19 crore in the December quarter, more than double the Rs 53.48 crore from the previous year.
• The company's revenue surged by 136.18% year-on-year, reaching Rs 851.06 crore, up from Rs 360.35 crore in Q3FY25.
• The unexecuted order book stands at 2.92 GWp, with execution expected within 12-15 months, and a robust bidding pipeline of 29 GWp.
• The board approved a capital expenditure for a 120 MWp Solar Power Park in Buldhana, Maharashtra.
• CFO Manmohan Sharma highlighted plans to strengthen capabilities, invest in innovation, and expand partnerships in the renewable ecosystem.

Why It Matters: Waaree Renewable Technologies achieved significant Q3 growth with net profit and revenue more than doubling.