Waaree Renewable posts 864% Y-o-Y growth in H1 net profit


Waaree Renewable Technologies Limited, the solar EPC subsidiary of Waaree Energies Ltd, has announced its financial results for the second quarter and half year ended September 30, 2022.

The company reported a net profit after tax of INR 18.08 crore in the half year ended September 30, 2022, a 864% growth Y-o-Y over INR 1.88 crore recorded during the same period in the previous year.

“Half-year ended revenue from operation of INR 216 crore is the highest ever for the company. Second-quarterly revenue of INR 120.56 crore from operations is a 26.87% increase on Q-o-Q basis,” stated the company.

Waaree Renewables Technologies, formerly known as Sangam Renewables, is a subsidiary company of Waaree Group and spearheading the solar EPC business. Waaree Group has installed more than 10,000 solar projects, with a total operating capacity of 600+ MW.

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