EPC Projects Drive Waaree’s Profit Up 12% YoY in Q1 FY 2024

The company's revenue increased by 36% YoY during the quarter

July 25, 2023

/ Rakesh Ranjan
/ Finance and M&A, Solar
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Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹111 million (~$1.36 million) in the first quarter (Q1) of the financial year (FY) 2024, an increase of 12% year-over-year (YoY) from ₹99 million (~$1.21 million) in Q1 FY 2023.

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Rakesh Ranjan

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