Shares of Waaree Renewable Applied sciences Ltd slumped 7% on Friday, 17 January, after the corporate reported weak quarterly earnings for October-December of the present fiscal yr.
The corporate reported a 16.7% year-on-year decline in web revenue to Rs 53.5 crore for the quarter underneath assessment in comparison with Rs 64.25 crore reported in the identical quarter of the earlier fiscal yr.
Nevertheless, the income from operations throughout the quarter stood at Rs 360.34 crore, marking an 11.15% YoY enhance from Rs 324.19 crore reported in the identical quarter final yr.
The corporate has additionally introduced an interim dividend of Rs 1 per share of Rs 2 every for the present fiscal yr.
In its regulatory submitting, the corporate mentioned, “The interim dividend is payable to these members whose names seem within the Register of Members of the Firm or, will seem as useful homeowners as per particulars furnished by the Depositories on the shut of the enterprise on 24 January 2025, being the ‘file date’ to determine the eligibility of members to obtain the mentioned interim dividend.”
At 12:48 pm, the shares of Waaree Renewable had been buying and selling 2.54% increased at Rs 1,049.40 on NSE.
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