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The turnkey project is expected to be completed in the financial year 2023-24, as per the terms of order.
Waaree Renewables Technology (WRTL) is subsidiary company of Waaree Group and spearheading the solar EPC business. Waaree Group has successfully installed 10,000 plus solar projects, with a total operating capacity of more than 600 MW. The company is also a solar developer that finances, constructs, owns and operates solar projects.
The company's consolidated net profit jumped 81.7% to Rs 12.28 crore in Q4 FY23 as compared with Rs 6.76 crore in Q4 FY22. Net sales declined 19.8% year on year to Rs 61.49 crore in Q4 FY23.
The scrip declined 0.31% to Rs 1,003.20 on the BSE.
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