Waaree Energies Q1 Results: Cons PAT jumps 89% YoY to Rs 745 crore, revenue up 30%
on Monday reported an 89% surge in its Q1 consolidated net profit at Rs 745 crore versus Rs 394 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the parent company.
The company's revenue from operations stood at Rs 4,426 crore which was up 30% from Rs 3,408 crore reported in the corresponding quarter of the last financial year.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Finance
Digital Marketing
Others
Data Science
Operations Management
MCA
MBA
Data Analytics
PGDM
Artificial Intelligence
Leadership
healthcare
others
Project Management
Healthcare
Management
CXO
Design Thinking
Product Management
Data Science
Degree
Technology
Cybersecurity
Public Policy
Skills you'll gain:
Duration:
9 Months
IIM Calcutta
SEPO - IIMC CFO India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
7 Months
S P Jain Institute of Management and Research
CERT-SPJIMR Fintech & Blockchain India
Starts on
undefined
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Join new Free to Play WWII MMO War Thunder
War Thunder
Play Now
Undo
The PAT increased 20% on a sequential basis versus Rs 619 crore in the January-March quarter of FY25 while the topline was nearly 11% higher on a quarter-on-quarter basis compared to Rs 4,004 crore posted in Q4FY24.
Segment Revenue
The company operates in three verticals viz. solar photovoltaic modules, power generation and engineering, procurement & construction (EPC).
Live Events
The revenue from solar photovoltaic modules stood at Rs 3,872 crore in Q1FY26 versus Rs 3,617 crore in Q4FY25 and Rs 3,178 crore in the year ago period.
The revenue from EPC segment stood at Rs 589 crore in Q1FY26 versus Rs 465 crore in Q4FY25 and Rs 226 crore in the year ago period.
The revenue from EPC segment stood at Rs 589 crore in Q1FY26 versus Rs 465 crore in Q4FY25 and Rs 226 crore in the year ago period.
The revenue from generation of power stood at Rs 11 crore in Q1FY26 versus Rs 8 crore in Q4FY25 and Rs 11 crore in the year ago period.
The company expenses in the quarter under review stood at Rs 3,654 crore compared to Rs 3,291 crore in Q4FY25 and Rs 2,966 crore in the corresponding quarter of the previous financial year. The expenses were made under the heads like cost of materials consumed, Purchases or stock-in-trade and on employee benefits, among other things.
More to come...
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
5 minutes ago
- Business Standard
India's sugar output falls 18% to 25.82 MT till July of this season: NFCSFL
India's sugar production declined 18.38 per cent to 25.82 million tonnes till July in the current season ending October, down from the year-ago period, as major producing states reported lower output, the National Federation of Cooperative Sugar Factories Ltd (NFCSFL) said on Wednesday. The cooperative body expects total output to reach 26.11 million tonnes for the full season, well below the 31.9 million tonnes produced in 2023-24. Special crushing operations in Karnataka and Tamil Nadu, which run from June to September, are underway and expected to add some more tonnes to the total. Seven mills are operating in Karnataka compared to one last year, while Tamil Nadu has nine mills running versus 11 in the prior year. According to NFCSFL, Uttar Pradesh, India's largest sugar producer, saw output fall to 9.27 million tonnes till July from 10.36 million tonnes a year earlier. Maharashtra, the second-largest producer, reported a steeper decline to 8.09 million tonnes from 11 million tonnes, while Karnataka dropped to 4.06 million tonnes from 5.16 million tonnes. The production decline was due to reduced sugarcane availability, adverse weather conditions, increased diversion to ethanol production, and pest and disease outbreaks. In a significant development, India achieved 20 per cent ethanol blending with petrol in 2025, five years ahead of its original 2030 target. The milestone underscores the country's push to enhance energy security and reduce carbon emissions while boosting rural incomes. "This shift indicates greater feedstock diversification but also raises important questions about the long-term sustainability of ethanol production from sugarcane, particularly in years of surplus inventory," the NFCSFL said. Maharashtra approved the establishment of multi-feed distilleries across the state on July 23, aligning with the National Bioenergy Policy and India's Ethanol Blending Programme, which now targets 30 per cent blending by 2030. Ex-mill sugar prices have hovered around Rs 3,900 per quintal following export quota announcements but showed a downward trend since mid-May. Rising festive season demand is expected to stabilise prices, crucial for mills conducting off-season maintenance, the Federation said. Looking ahead, the NFCSFL projects 35 million tonnes of sugar production in 2025-26, citing favourable monsoons, increased cane cultivation in Maharashtra and Karnataka, and a timely hike in the Fair and Remunerative Price by the government. The federation urged policy interventions, including revised ethanol procurement prices, increased minimum selling prices for sugar, and permission for sugar exports to manage excess inventory as per capita consumption declines due to growing health awareness. "Such measures are essential to safeguard the viability of sugar mills, maintain rural employment, and ensure India continues its forward momentum on both the ethanol and cooperative development fronts," said Prakash Naiknavare, Managing Director of NFCSFL. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
&w=3840&q=100)
Business Standard
5 minutes ago
- Business Standard
Varun Beverages Q2 results: Profit up 5% to ₹1,325.4 cr, revenue down 2.32%
Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Tuesday reported a 5.04 per cent increase in its consolidated net profit to Rs 1,325.4 crore for the second quarter that ended June 2025, helped by operational efficiencies and lower finance cost, though volume was impacted in peak summer season due to unseasonal rains. The company, which follows the calendar year as its financial year, had posted a net profit of Rs 1,261.8 crore in the April-June quarter a year ago, according to a regulatory filing from Varun Beverages Ltd (VBL). However, its revenue from operations declined 2.32 per cent to Rs 7,163.02 crore in the June quarter of FY26. It stood at Rs 7,333.67 crore in the corresponding quarter last fiscal. During June, VBL reported a 3 per cent drop in consolidated sales volume at 389.7 million cases in Q2 CY2025 from 401.6 million cases in Q2 CY2024, primarily due to abnormally high unseasonal rainfall throughout the quarter in India," the bottler said in its earnings statement. Its India volumes declined by 7.1 per cent, while international volumes grew by 15.1 per cent, partially offsetting the overall decline, it said. In the June quarter, "net realisation per case at the consolidated level improved by 0.5 per cent, driven by 6.6 per cent improvement in the International markets," said VBL. VBL's profit after tax (PAT) rose 5 per cent, primarily driven by operational efficiencies and lower finance costs, the company said. Total expenses declined 3.62 per cent to Rs 5,506.94 crore in the June quarter. VBL's total income in the June quarter was at Rs 7,240.17 crore, down 1.86 per cent. Commenting on the results, Chairman Ravi Jaipuria said, "In spite of unusually early onset of monsoon rains in the peak summer months in India, we could keep our realisations per case and EBITDA margins intact. Due to growth in international markets supported by strong positive currency movement in African territories, the company ended the quarter with a positive PAT, in spite of 3 per cent decline in consolidated sales volumes." Meanwhile, in a separate filing, VBL said its board has approved a second interim dividend of Rs 0.50 per share, representing 25 per cent of the face value of Rs 2 each. In the June quarter, VBL commissioned new production facilities at Prayagraj (UP), Damtal (HP), Buxar (Bihar) and Mendipathar (Meghalaya). Moreover, during the current quarter, Varun Beverages Morocco SA (a subsidiary of the company) has started commercial production of PepsiCo's snack product "Cheetos" in Morocco. VBL has franchisees for various PepsiCo products across 27 states and 7 union territories in India, which accounts for 90 per cent of the beverage sales volume of PepsiCo India. Besides, it has also franchises for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. India is the largest market and contributes around 80 per cent of revenues from operations. Shares of Varun Beverages Ltd on Wednesday were trading at Rs 522.30 on BSE, up 1.97 per cent from the previous close.
India Today
5 minutes ago
- India Today
TCS CEO's salary in focus amid mass layoff plan. Here's how much he earns
Tata Consultancy Services (TCS), India's largest IT services firm, is in the news again, this time not for its profits, but for its people. Recently, the company announced plans to cut around 12,000 jobs in the current financial year. At the same time, the salary of its CEO and MD, K Krithivasan, has sparked debate AFFECTING THOUSANDSTCS recently confirmed it will let go of about 2% of its workforce in FY26, which translates to roughly 12,000 employees. Most of these layoffs will affect mid-and senior-level staff, and the company says the decision is based on skill mismatches and deployment CEO and MD K Krithivasan told MoneyControl that the layoffs are being driven by skill mismatches and situations where the company has not been able to deploy certain employees. TCS, once seen as a job-safe haven similar to government jobs, is now facing public criticism for its mass layoff SALARY IN THE SPOTLIGHTThe company's layoff announcement has put a sharp focus on CEO K Krithivasan's earnings, especially during a time when thousands of employees are losing their per a report by CNBC, Krithivasan took home Rs 26.52 crore in FY25. This includes Rs 1.39 crore as base salary, Rs 2.12 crore in benefits and allowances and Rs 23 crore as large gap between executive pay and employee cuts has led to a growing debate on corporate responsibility, especially at a time when the company is letting go of such a large number of TREND OR INTERNAL SHIFT?TCS is not alone in facing pressure. Many IT firms across India are cutting back on hiring and reassessing their teams. A report by The Economic Times showed that the top six IT companies added only 3,847 employees in the April–June 2025 quarter, a sharp drop of over 70% compared to the previous said the layoffs are not linked to cost-cutting but are instead aimed at reshaping the organisation for the future. The rise of artificial intelligence (AI) and shifting client needs were also cited as reasons behind the FOR AFFECTED EMPLOYEESTo support affected employees, TCS has assured continued salary during the notice period, severance packages, extended health cover, and assistance in finding new job roles. The company also emphasised that it remains committed to business continuity and client TCS reshapes its workforce for the future, questions over leadership pay and employee well-being continue to dominate discussions within India's tech corridors.- Ends
