Waaree Energies Q2 Earnings | Profit Jumps 15% To Rs 362 Crore

Waaree Energies The solar PV maker reported a 15% rise in its second quarter net profit at Rs 362 crore against Rs 315 crore in Q2 of the previous fiscal. Revenue from operations in Q2 rose 1% year-on-year (YoY) to Rs 3,574 crore against Rs 3537.2 crore a year ago. Other income in the last quarter more than doubled YoY to Rs 89 crore. Total expenses in the September 2024 quarter came flat at Rs 3165 crore. The initial public offering (IPO) of Waaree Energies was open from October 21 to October 23. The Mumbai-based firm garnered Rs 4,321.44 crore from its IPO, which included a fresh share sale of Rs 3,600 crore and offer-for-sale (OFS) of up to 48 lakh equity shares. Watch Conversation With Sonal Shrivastava, CFO, Waaree Energies Ltd. on Q2 Results.