Waaree Renewable Shares Extended Gains For Second Straight Day: Rose 8% Intraday

On January 15, 2025, Waaree Renewables share price extended the gains for the 2nd straight day with a rise of ~10% in the morning trade and touched the day high of ₹1,297.95 at 10:35 AM after opening at ₹1,158.30 on BSE. The gain in Waaree Renewables share price follows the previous day’s gain of ~18%. With these substantial gains, the shares of Waaree Renewables rose 28% cumulatively in the last 2 trading sessions.

Waaree Renewable Dividend

• Waaree Renewables has recently announced that it will consider the declaration of interim dividend to the equity shareholders along with fixing of record date in the Board Meeting, scheduled for January 16, 2025.
• During the board meeting, the company would also consider and approve the results for the quarter and nine months ended December 31, 2025.

Waaree Renewable Operational Updates

On November 27, 2024, Waaree Renewable announced that it had received a term sheet for the execution of Engineering, Procurement and Construction (EPC) works for Ground mount Solar PV project of 2012.47 MWp DC capacity.

During 1HFY25, revenue reached ₹760.82 crores, compared to ₹279.00 crores during the same period in H1FY24, marking a growth of 172.70% YoY. EBITDA for H1FY25 increased by 155.56%, rising from ₹44.08 crore in H1FY24 to ₹112.65 crore. The EPC segment delivered an outstanding performance, generating customer billing of ₹ 583.36 crores for a volume of 528.56 MWp, up from ₹141.09 crores for a volume of 169.59 MWp.

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