Waaree Renewables Technologies share: Shares of renewable energy company Waari Renewables Technologies are continuously giving strong returns to its investors. The Indian equity market has witnessed a tremendous rally since the March 2020 low. Shares of Waari Renewables Technologies have given a whopping return of 1,06,700% during this period. During this period the stock has increased from Rs 1.80 to Rs 1,922. This means that in just four years the investment of Rs 1 lakh in this stock has increased to Rs 10 crore. Let us tell you that last Friday this share had closed at Rs 1,922. This stock has risen almost 800% in the last one year.
company business
Waari Renewables Technologies is engaged in generating power from renewable energy sources and providing consultancy services in this field. The company is a major player in the renewable energy sector, claiming to have India’s largest solar panel manufacturing capacity of 12 GW at its plants in Chikhli, Surat and Umargaon in Gujarat. Waari Renewables Technologies has demonstrated impressive profit growth with a compound annual growth rate (CAGR) of 145 percent over the last five years. Additionally, the company has maintained a strong return on equity (ROE) track record with a three-year ROE of 87.3 percent.
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march quarter results
Waari Renewables Technologies’ revenue stood at Rs 876.44 crore in FY24. This shows a year-on-year increase of 149 percent from Rs 350 crore in FY23. EBITDA for FY24 stood at Rs 207 crore, up 147 per cent from Rs 83.75 crore in FY23. Profit after tax (PAT) for FY24 was Rs 148 crore, up 167 per cent from Rs 55.33 crore in FY23.
