Waaree Renewable Technologies has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 95.26% rise in its net profit at Rs 15.64 crore for the quarter under review as compared to Rs 8.01 crore for the same quarter in the previous year. However, total income of the company decreased by 18.88% at Rs 60.73 crore for Q4FY23 as compared to Rs 74.86 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 80.85% rise in its net profit at Rs 12.28 crore for fourth quarter ended March 31, 2023 as compared to Rs 6.79 crore for the same quarter in the previous year. However, total income of the company decreased by 19.97% at Rs 61.65 crore for Q4FY23 as compared to Rs 77.03 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported over 2-fold jump in its net profit at Rs 59.41 crore as compared to Rs 20.40 crore for the previous year. Total income of the company increased by 106.61% at Rs 346.92 crore for year under review as compared to Rs 167.91 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported over 6-fold jump in its net profit of Rs 55.33 crore as compared to Rs 8.89 crore for the previous year. Total income of the company increased by 107.56% at Rs 352.48 crore for year under review as compared to Rs 169.82 crore for year ended March 31, 2022.
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