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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Waaree Renewable shares in focus on bagging solar power project worth Rs 262 crore etmarkets
Waaree Renewable Technologies will be in focus on Wednesday after the company received a solar power project worth Rs 262 crore from Waaree Energies.
“We are pleased to inform that ‘WAAREERTL’ has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works for Ground mount solar power project including Operation and Maintenance (O&M) of 170 MW AC/255 MW DC capacity on turnkey basis,” the company said in its press release on Tuesday.
The project is scheduled to be completed in the financial year 2025- 26, per the order terms.
Shares of the company fell 37.26% and underperformed its sector by 37.94% in the past year. Meanwhile, the stock has offered whopping 1,474% and 44,231% returns in the last three and five years respectively. According to Trendlyne data, Waaree Renewable has worse 1-year returns than Sensex, Nifty50, Industry and Sector.
For the quarter ending December 31, 2024, the company reported a consolidated total income of Rs 364.13 crore, reflecting a 31.02% decline from the previous quarter's income of Rs 527.87 crore. However, it showed a 12.15% increase compared to the same quarter last year, which had a total income of Rs 324.68 crore. The company reported a net profit after tax of Rs 53.48 crore for the latest quarter.
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Waaree Renewable Technologies Ltd., founded in 1999, is a smallcap company with a market capitalization of Rs 9,612.58 crore. The company is involved in generating power through renewable energy sources and offers
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UPS
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markets
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SpaceX
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markets
Digital
CEO
War
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markets
IPO
Racing
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SpaceX
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21.05 / 09:47
markets
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trends
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markets
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UPS
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