Waaree Renewables Technology Q3 Profit Slips 17% to Rs 53 Crore on Higher Expenses
2025-01-16
MSN
Waaree Renewables Technology Limited (WRTL) reported a 17% decline in consolidated net profit to Rs 53.48 crore for the December 2024 quarter, primarily due to increased expenses. The company's net profit slipped from Rs 64 crore in the previous quarter, a significant drop. This decrease in profit is a result of higher operational costs, which outweighed the company's revenue growth. The renewable energy sector is witnessing a surge in demand, with solar energy and sustainable solutions being the key drivers. As the industry continues to evolve, companies like Waaree Renewables are focusing on innovative technologies to stay ahead.
