Latest news with #ManmohanSharma
Mint
18-07-2025
- Business
- Mint
Waaree Renewable Tech share price spikes another 5% after Q1 net profit surges 3-fold
Waaree Renewable Technologies, the solar EPC subsidiary of Waaree Group, saw its shares jump another 5% intraday on Friday, July 18, to reach 1,240 ₹ apiece, which came in response to the company's healthy performance in the June quarter. The company, on Thursday, reported a net profit of ₹ 86 crore in Q1FY26, a 207% increase compared to ₹ 28 crore in the same period last year, while the revenue from operations came in at ₹ in at ₹ 603 crore, compared to ₹ 236.35 crore in Q1 FY25, which is a 155% YoY growth. Looking at the segment wise performance, its revenue from its EPC contracts, which contributes over 95% of the company's total revenue, surged to ₹ 594.3 crore in Q1 FY25 from ₹ 228 crore in the same period last year, while power sales revenue also rose sharply to ₹ 9 crore, compared to ₹ 2.3 crore a year ago, as per the company's earnings' filing. On the operating front, the company reported EBITDA of ₹ 117.54 crore for the quarter, marking a significant jump from ₹ 41 crore in Q1 FY25. EBITDA margin expanded to 19.5% from 17.4%, reflecting improved operating efficiency. The company's unexecuted order book at the end of the quarter stood at 3.15 GWp, which it expects to execute over the next 12–15 months. The bidding pipeline remains robust at over 25 GWp. In terms of recent wins, the company secured a 435 MWp ground-mounted solar power project and a 131.6 MWp ground-mounted solar power project, both awarded in the first quarter of FY26. Commenting on the results, Mr. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited, said, In response to the expanding renewable energy capacity, we have broadened our portfolio to include Battery Energy Storage System (BESS) EPC solutions, reinforcing our position as a full-spectrum clean energy provider. With a strong order book of 3.15 GWp in Solar EPC and 40 MWh in BESS EPC, we are well-equipped to deliver next-generation, large-scale integrated energy projects."
News18
17-07-2025
- Business
- News18
Waaree Renewable Technologies net profit grows 3-fold to Rs 86 cr
New Delhi, Jul 17 (PTI) Waaree Renewable Technologies Ltd (WRTL) has posted an over three-fold rise in consolidated net profit to Rs 86.39 crore in April quarter, driven by higher revenues. It had clocked a net profit of Rs 28.16 crore in the first quarter of preceding 2024-25, the company said in a statement. The company's revenue from operations rose to Rs 603.19 crore, more than double of Rs 236.35 crore revenues the company had garnered in the April-June period a year ago. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited, said, 'Our performance reflects the strength of our business model, our disciplined operational approach, and our ability to execute large-scale projects efficiently in a rapidly evolving clean energy landscape." With a strong order book of 3.15 GWp in solar EPC and 40 MWh in Battery Energy Storage System (BESS) EPC, the company is well equipped to deliver large-scale integrated energy projects. In Q1FY26, revenue from EPC contracts stood at Rs 594.39 crore, while the power sale segment contributed Rs 8.78 crore. This hybrid revenue model is delivering consistent, predictable cash flows and fuelling sustainable growth. view comments First Published: July 17, 2025, 19:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
United News of India
27-06-2025
- United News of India
Ban imposed on tourism, bathing near rivers in Solan amid monsoon alert
Solan, June 27 (UNI) In view of public safety during the monsoon season, District Magistrate Solan Manmohan Sharma has imposed restrictions on movement and activities near rivers, streams, and ravines under Section 163 of the Indian Civil Defence Code, 2023. The order bans all unauthorised tourism and commercial activities in and around Ashwini Khad and Shani temple on the banks of the Giri river at Giripul in Ser Baneda, a revenue village in Solan tehsil. Bathing and picnicking along the banks of Ashwini Khad and the Giri river have also been strictly prohibited. The administration highlighted that heavy rainfall during the monsoon can lead to a sudden rise in river water levels, posing a serious risk to life, especially for tourists who often venture close to water bodies. The District Magistrate has directed the local police to enforce the ban in coordination with the District Tourism Officer. These precautionary orders take immediate effect and will remain in force for the next two months. Any violation will invite legal action. Authorities have urged residents and tourists to adhere to the guidelines for their own safety during the rainy season. UNI ML RN
Time of India
26-04-2025
- Time of India
Three held for robbery at Bagru jewellery shop
Jaipur: Four days after armed men took customers and staff of a jewellery showroom in Bagru area hostage at gunpoint and escaped with gold worth about Rs 70 lakh, city police arrested three robbers for the crime. Two of the arrested robbers reportedly told police that they were lodged together in prison and were released on bail in an Arms Act case from Jaipur Central Jail. After coming out, they started working at a private company in Bagru but soon began planning a heist to make quick money. DCP (west) Amit Kumar said the robbers conducted reconnaissance at several locations, including a Muthoot Finance office. Eventually, they decided to target Ratneshwari Jewellers , a shop owned by Manmohan Sharma and located in Juggal Bazaar, Bagru. The incident, which took place on July 22, created panic and anger among local residents due to the daredevil manner in which the robbery was carried out. Police arrested Kanhaiya Lal Sharma alias Chinku Pandit, 20, Sohail Pathan, 20, and Pyare Lal Luhar, 37. A fourth accused, Kaushal, a resident of Bagru, is absconding. Police said Kanhaiya and Pyare Lal were working at IML Containers Private Limited in Bagru RIICO area, while Sohail was called from Jodhpur for the robbery.
