Quarter results : Waaree Renewable Technologies Limited Q1 results FY24
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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