Exclusive: Dilip Panjwani, CFO, Waaree Renewable Technologies. Q2 Earnings & FY25 Growth Plans

Waaree Renewable Technologies has delivered an impressive Q2 performance, with major gains highlighted across key financial metrics. In Q2-FY25, the company reported revenue of ₹524.47 crore, achieving an extraordinary 249.5% year-on-year growth compared to ₹150.06 crore in Q2-FY24. EBITDA also witnessed substantial growth, increasing by 133.3% year-on-year to ₹71.57 crore, up from ₹30.68 crore in the prior year. For the first half of FY25, Waaree’s revenue climbed to ₹760.82 crore, a 172.7% jump from the ₹279 crore reported in H1-FY24. EBITDA for this period also showed robust growth, increasing by 155.6% to ₹112.65 crore. The EPC segment proved particularly strong, with customer billing reaching ₹583.36 crore for a volume of 528.56 MWp, significantly higher than the previous period’s ₹141.09 crore for a volume of 169.59 MWp. Join Business Today TV as Dilip Panjwani, CFO of Waaree Renewable Technologies, shares his insights on the company’s stellar Q2 results and strategic plans for the future of FY25.