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Waaree Renewable Technologies Limited (BSE: 534618), the Solar EPC subsidiary of Waaree Group and a solar developer that finances, constructs, owns and operates solar projects, has reported its unaudited financial results for the quarter ending June 30, 2023.

KEY PERFORMANCE HIGHLIGHTS

. In Q1FY24, Revenue stood at Rs. 129 crores; growth of 36%, EBITDA stood at Rs. 16 crores; EBITDA Margins of 12.3% & PAT stood at Rs. 11.1 crores; PAT Margins of 8.6%

 Order book Position:

*  Unexecuted Orderbook as on date of 856 MW to be executed in the next 9 to 12 months

*  The company has recently won an order to set up a solar power project of 100 MWp capacity at Jamnagar, Gujarat and 36 MWp capacity at Amreli, Gujarat

*  Successfully executed over 96+ MW of EPC projects in Q1FY24

*  Bidding pipeline remains robust

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