Shares of Waaree Renewable Applied sciences Ltd surged 4% on 3 June after the corporate introduced securing a letter of award from CESC for a 300 MW AC/435 MW DC photo voltaic venture for Rs 346.33 crore.
The order is an engineering, procurement, and building (EPC) contract. In keeping with the contract, Waaree Renewable Applied sciences will construct the ground-mounted photo voltaic plant.
Nonetheless, the venture is ready to be completed within the fiscal yr 2026.
Waaree Renewables’ income elevated 74% to Rs 476 crore within the fourth quarter, up from Rs 273 crore the earlier yr. The web revenue elevated by 83% to Rs 94 crore from Rs 51 crore in This fall of the earlier fiscal yr.
Within the fourth quarter, the corporate’s earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) climbed by 62.8% to Rs 122.4 crore. Nonetheless, the EBITDA margin decreased to 25.7% from 27.5% the earlier yr.
At 11:39 am, the shares of Waaree Renewable have been buying and selling 1.58% greater at Rs 1,040.40 on NSE.
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