Waaree Renewable Technologies Limited has informed the Exchange about Investor Presentation
Execution with Pace & Comfort
July 17, 2025
To The Manager BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001 Scrip Code: 534618
To The Manager National Stock Exchange of India Limited Exchange Plaza, C-1 Block G, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 051 Scrip Symbol: WAAREERTL
Sub.: Investors / Earnings Presentation under Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
Dear Sir / Madam,
With reference to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investors/ Earnings Presentation for the Quarter ended June 30, 2025. The Company will use this presentation for any meeting scheduled with analysts or institutional investors. The above information will also be available on the website of the Company at www.waareertl.com
Request to kindly take this intimation on record.
Thanking you,
Yours faithfully,
For Waaree Renewable Technologies Limited
Heema Shah Company Secretary ACS 52919 Email Id: info@waareertl.com
Waaree Renewable Technologies Limited (A subsidiary of Waaree Energies Limited) 504, Western Edge-1, Off. Western Express Highway, Tel.: +91 22 6644 4444 CIN : L93000MH1999PLC120470 Borivali (E), Mumbai 400 066. Maharashtra INDIA E : info@waareertl.com GST: 27AADCS 1824J2ZB W : www.waareertl.com
INVESTOR PRESENTATION |Q1FY26 Accelerating Global Energy Transition
Safe Harbor
WAARFFIRTL
Execution with Pace & Comfort
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Renewable Technologies Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the Company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.
All Maps used in the Presentation are not to scale. All data, information and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.
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2
Group Overview
Waaree Group – Vertically Integrated Operations
Execution with Pace & Comfort
#1 Indian Module Manufacturer
Products Exported In 26 Countries
Battery Energy Storage System
Green Hydrogen- Electrolyser manufacturing
CARE A+, Stable Credit Rating*
~10,000 Employees Globally
35 Years of Industry Experience
~15 GW Module Capacity & 5.4 GW Cell Capacity
TIER 1 Solar Module Manufacturer#
~25 GW | ~47k cr. (Order Book)*
400+ Franchises across India
* For Waaree Energies Ltd. as of Q4FY25; # For 39 quarters
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4
Integrated Energy Offerings
WAARFFIRTL
Execution with Pace & Comfort
Solar Modules
EPC Services
O&M Services
Rooftop Solutions
Floating Solar
On Grid Inverters
Off Grid Inverters
BESS
Lithium Ion Batteries
Solar Products Water Pump, Street Lights
Green Hydrogen- Electrolyser manufacturing
Solar Partners
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5
Marquee Clientele & Stakeholder Relationships
WAARFFIRTL
Execution with Pace & Comfort
•
•
•
Strong relationship with a multitude of global lenders - both state-owned and private
Lenders rely on Waaree’s credibility as an EPC player to finance projects
Strong relationship with renowned consultants and engineers engaged by developers
• Their certification provides additional
assurance to customers
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Strong relationship with diversified group of local and global suppliers of modules and other raw materials; critical to supply chain success
• Helps Company get significant cost benefits
in sourcing materials
WAAREE/RTL
Execution with Pace & Comfort
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Strong relationship makes Company a leading player
Customers / Developers
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• Strong relationship with top strategic developers and customers • Manages the complete supply chain, reducing the number of service providers
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6
Industry Overview
Global Energy Transition
WAARFFIRTL
Execution with Pace & Comfort
Projected annual Solar PV capacity additions1, GW
…driven by
RE – Projected Installed Capacity India2, GW
402.3
421.7
459.2
493.9
539.6
0
Net Zero Carbon emission commitment globally
For setting up of 450 GW RE + 19 GW PSP and 42 GW BESS to necessitate incremental debt of ~Rs 14 lakh crore
0
Solar PV Declining levelized cost of energy
400
450
500
246
191
254
279
262
262
276
CY24P
CY25P
CY26P
CY27P
CY28P
Green Hydrogen / Green Ammonia To fuel solar capacity
FY23 (A)
FY 27
FY 30 (I)
FY30(II)
CEA (E)
Fossil
RE+Hydro
Solar capacity additions in India ~175-180 GW over Fiscals 2025-20301
Break-up of the total installed capacity - FY25 vs FY30E1
42 - 44
46 - 48
38 - 40
26 - 28
30 - 32
23
15
FY24
FY25
FY26P
FY27P
FY28P
FY29P
FY30P
FY25
47%
10%
10%
22%
4% 2%
5%
Solar
Wind
Large Hydro
Coal
Oil & Gas
Nuclear
Other RE
FY30E
3%
3%
2%
35%
38%
8%
11%
Solar
Wind
Large Hydro
Coal
Oil & Gas
Nuclear
Other RE
Source: 1:Crisil Report, 2:Energy Storage Care EDGE Report
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8
Indian Energy Transition
WAARFFIRTL
Execution with Pace & Comfort
Government targets to achieve solar power capacity of ~280GW from 106GW in FY25 (21% CAGR over FY25–30E)1
Installed Capacity in (GW)
7
FY16
22
FY18
36%
35
FY20
54
FY22
82
FY24
21%
106
FY25
Estimated ground-mounted, rooftop and off-grid/KUSUM solar projects to drive solar capacity additions1 (GW)
Ground mounted solar
Off-grid solar/KUSUM
Residential rooftop solar
Grid connected solar rooftop
Hybrid projects solar component
64
12
3 FY24
3
76
16
6
FY25E
3 3
89
21
6 5
10
FY26E
103
27 6
15
9
FY27E
117
34
7
21
12
FY28E
131
41
28 15
9
FY29E
280
2030E
146
48
35 18
11
FY30E
Source: 1:MNRE, Nuvama Research
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9
Supportive Government Policies Fueling Growth
WAARFFIRTL
Execution with Pace & Comfort
India-EPC services demand across solar energy
Market potential of Indian O&M in solar1
State wise Solar Parks as on Dec 2024 (MW)2
1705
23%
Estimated O&M market for 3rd party (GW)
Estimated market (in Rs. Bn)
73.0
+23%
12150
10276
Sanctioned Capacity
Projects Commissioned
605
708
Rs Bn
FY23
FY24F
FY28F
16.8
5.8
2022-23
25.5
2029-30
4330
4200
3241
2263
3840
3050
1000
2500
2000
430
1105
1089
468
225
Gujarat
Rajasthan
Madhya Pradesh
Andhra Pradesh Uttar Pradesh
Karnataka
Maharashtra
Jharkhand
Others
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Solar Parks
PLI Scheme
Rooftop Solar2
• ... 000
Energy Storage3
Key initiatives by GOI for development of solar energy/capacity
•
Solar Park policy released in Sep 2014
• GOI has approved 55 solar parks
with aggregate capacity of ~40GW
• Aggregate capacity of 12GW
have been commissioned in 24 Solar Parks
• Govt backed initiative to
promote domestic mfg of Solar PV modules
• Rs 24,000 Cr outlay under the PLI scheme in two tranches
• PM Surya Ghar Muft Bijli Yojana Proposed outlay of 75k Cr for 1 Crore households in India • Providing 300 units of free electricity every month • Muft Bijli Yojana crossed milestone of 10 Lakh Installations
Storage Needs: • FY24: ~12GW of energy storage required (assuming 4 hours of storage per GW) • FY30: Projected increase to ~70GW of
storage capacity
Government Initiative – VGF Scheme: • Objective: Develop 4GWh of BESS by
FY31
• Cost Reduction Goal: Lower levelized
cost of storage (LCoS) from ~Rs 11/kWh to Rs 5.50-6.60/kWh
o+ 00
Others4
• Minimum domestic content
requirement
• BCD on solar modules reduced
from 40% to 20%5
• Approved list of models &
manufacturers to ensure quality & performance of modules in India
Source: Crisil Report; 1: saurenergy.com; 2: MNRE Annual Report; 3:Energy Storage Care EDGE Report; 4: pib.gov.in; 5: indianbudget.gov.in
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10
Company Overview
Journey to Leadership in Solar EPC
Waaree RTL Expands Market Presence in India
Revenue (Rs. Cr)
1598
115%
876
162
2022
351
2023
2024
2025
WAARFFIRTL
Execution with Pace & Comfort
2025
• Credit Rating upgraded: A,
Stable (CARE)
• Ground Mounted Solar Project – 435 MWp • Ground Mounted Solar Project – 255 MWp
• 40 MWh Battery Storage
System
2024
• GW Scale Project
▪ Jindal Renewables – 2012.47 MWp ▪ Greenko – 980 MWp
• Turnkey Solutions NEEPCO – 450 MWp • MNC Customer Acciona Energy – 412 MWp
of EPC experience
2023
• AM Green – 296 MWp • DRPL Tuticorin – 153 MWp • Continuum Project – 150 MWp
2022
• Cello Industries Rooftop Project
2021
• EPC Division carved out in Waaree RTL
• Continuum Project – 140 MWp • Masaya Project – 210 MWp
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12
Complete Solutions with Proven Experience
WAARFFIRTL
Execution with Pace & Comfort
Engineering
01
Procurement
02
Construction
03
Project Systems
Electrical
Structural & Civil
Monitoring
Evacuation
PV Modules
Inverters
Structures
Cables
Transformers
Other BOS
Land Development
Structure
Control Room
Road, Drainage & Connectivity
Evacuation of Power
Business Development
Infrastructure Planning & Development
Project Execution
Testing and Commissioning
Project Maintenance
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13
Comprehensive RE EPC and O&M Expertise…..
WAARFFIRTL
Execution with Pace & Comfort
Key financial metrics
INR 1,597.75 Cr
FY25 Revenue from Operations
19.46%
FY25 EBITDA margin
114.67%
FY22-25 Revenue CAGR
14.33%
FY25 PAT Margin
INR 454.95 Cr
INR 78.76 Cr
FY25 Net Worth
FY25 Cash & Cash Equivalents
65.29%
FY25 ROE
61.94%
FY25 ROCE
Technologically advanced end to end solar solutions
Utility Scale Solar Projects (incl Turnkey & BOS)
Rooftop Solar Projects
Floating Solar Projects
Design and Engineering • Dedicated in-house design & engineering team of 32 people •
India based cost effective structure
Procurement • • Well-defined quality management procedures
Selection of vendors after thorough due diligence
Inspection & Audit • 3-stage audit process including initial factory audit, production process audit and
monitoring at vendor’s facility and pre-shipment inspection
Construction •
Final inspection and testing under the supervision of project manager to ensure new plant is safe and meets design objectives
Field quality monitoring • Centralized monitoring with efficient tracking of under-construction plants
O&M service •
Long term O&M services for both own customers, and third-party projects
EHS & Quality Procedure • Ensures EHS compliance, providing safety training, support health & wellness,
Solar + Energy Storage
RESCO & CAPEX Models
control environment impacts, etc.
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14
…with end-to-end capabilities
WAARFFIRTL
Execution with Pace & Comfort
In House Dedicated Capabilities
Installation & Commissioning
Adherence to EHS and Quality
Power Evacuation
Single Location Aggregated & Developed Land on Free-Hold Basis
Pre-Feasibility Studies
End to End Capabilities
Expertise in Statuary & Liasoning
Land and Site Identification
Expert In House Design & Procurement Team
Design Services
Ready & Robust Evacuation Infrastructure (Transmission Line & GSS Bay) On Shared Basis
Plug-n-Play Solution with proven Expertise of Waaree’s EPC, Approvals & Asset Management Team
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15
Major EPC Accomplishments
WAARFFIRTL
Execution with Pace & Comfort
3.03 GW Project Commissioned
3,155 MWp Project site under execution
59.26 MW
Roof Top Projects Commissioned
~769 MW O&M Portfolio of solar power plant assets
2.29 MW Floating Solar Projects
R&D Team In House R&D team for New Technology Development
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16
Large Order Book with Strong Execution
WAARFFIRTL
Execution with Pace & Comfort
Unexecuted orderbook has been scaled up over years (MWp)…
…. With stable rate of execution
2365
3263
3155
Executed Order Book (MWp)
Revenue from Operations (Rs. Cr)
1524
1598
876
704
295
351
699
603
2024
2025
Q1FY26
2023
2024
2025
Q1FY26
817
2023
Engineering, Procurement and Construction (EPC) works of a project
•
•
•
•
•
•
•
•
435 MWp Ground Mounted solar power project (Order won in Q1FY26)
131.6 MWp Ground Mounted solar power project (Order won in Q1FY26)
255 MWp Ground Mounted solar power project (Order won in Q4FY25)
105 MWp Turnkey EPC Project (Order won in Q4FY25)
40 MWh Battery Storage System project (Order won in Q4 FY25)
2012.47 MWp Ground Mounted Solar PV project (Order won in Q3FY25)
30.0 MWp Ground Mounted solar power project (Order won in Q2FY25)
3.4 MWp Ground Mounted solar power project (Order won in Q2FY25)
Key Orders Wins
IPP Assets
•
•
The company has developed 54.82 MWp solar power generating assets
Additionally, setting up 41.6 MWp Independent Power Producer (IPP) Plant
O&M Portfolio •
The company has ~769 MWp of O&M Portfolio
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17
Key Ongoing Projects
WAARFFIRTL
Execution with Pace & Comfort
2012 MWp Ground Mounted project at Bikaner, Rajasthan
980 MWp Ground Mounted project at Kurnool, Andhra Pradesh
450 MWp Ground Mounted project at Bikaner, Rajasthan
412.5 MWp Ground Mounted project at Bikaner, Rajasthan
150 MWp Ground Mounted project at Ratlam, Madhya Pradesh
100 MWp Ground Mounted project at Jamnagar, Gujarat
I
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-
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. 78 MWp Ground Mounted project at Kasdol, Chhattisgarh
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52.6 MWp Ground Mounted project at Simhapuri, Andhra Pradesh
4.25 MWp Rooftop project at Chittorgarh, Rajasthan
3.4 MWp Ground Mounted project (PM Kusum Yojna) at Chadchan, Karnataka
435 MWp Ground Mounted project at Bikaner, Rajasthan
180 MWp Ground Mounted project at Tuticorin, Tamil Nadu
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18
Future Strategy
Key Strengths
WAARFFIRTL
Execution with Pace & Comfort
Fast growing solar market with massive tailwinds
Supported by a strong parent company, enabling seamless integration with its module manufacturing business
Comprehensive Solar EPC solutions provider with end-to-end capabilities
Well entrenched in the Indian market with large projects commissioned
Expertise in handling projects of all sizes and complexities across the solar energy spectrum
• • I
Ecosystem play within the group
Large order book backed by a proven track record of execution
Experienced management team
Bankable EPC provider with marquee customers
Robust growth and financial performance backed by an asset- light business model
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20
Unique Propositions
WAARFFIRTL
Execution with Pace & Comfort
CUSTOMER CONNECT
Strong customer base of respected industrial house/companies
MARKET ACCEPTANCE
NETWORK
Proven name & quality at competitive rate in national and international markets
Strong & proven network with all stakeholders/authorities with more than a decade of experience
ON GROUND TRACK RECORD
Large installations with long & proven on-ground performance
QUALITY CERTIFICATION
IN HOUSE TEAM
INNOVATION
ISO 9001:2015 certificate received for Quality Management System (QMS)
Experienced & strong team with proven performance in solar (316 Manpower)
Consistent introduction of new technologies & innovative products & solutions
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21
Growth Strategy - Energy Transition
Renewable
Energy Transition
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Storage
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Solar Parks
Solar
Green Hydrogen
Hybrid
Battery
Pump
Floating
·:� @W
Rooftop
Ground Mounted
Execution with Pace & Comfort
O&M
Services
Achieve higher growth in the EPC segment
Expand in O&M markets
• Evaluating opportunities in both international and domestic markets to secure
• The size of the O&M market is expected to grow as more solar capacities are added
more EPC contracts
• Evaluating third-party O&M opportunities in international & domestic markets
• Participating in government and private bidding process
through both organic and inorganic methods
• Ecosystem of renewable energy from module to storage helps win clients
• Enhance value to customers by offering differentiating O&M services, such as drone thermography, strong analytics and predictions, underground cable fault finder etc.
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22
Experienced Board Management
Mr. Nilesh Bhogilal Gandhi Chairman & Non-Executive Independent Director
An accomplished professional with over three decades of experience in finance, power, and renewables, he holds a Bachelor’s in Commerce, an LLB, and is a Fellow Chartered Accountant (FCA). He has held key leadership roles at Unid Finance Consultancy, Rational Engineers, and Indosolar, providing strategic guidance and direction.
Mr. Pujan Pankaj Doshi Managing Director
He combines engineering expertise with visionary leadership. Holding a BE in Instrumentation from Mumbai University, he brings over a decade of experience in corporate strategy, business planning, and fostering international collaborations. His strategic acumen drives the company’s innovative initiatives.
WAARFFIRTL
Execution with Pace & Comfort
Mr. Hitesh Pranjivan Mehta Executive Director
With over three decades of experience in engineering, solar, and oil industries, he combines strategic insight and financial expertise. Holding a Bachelor’s in Commerce from the University of Bombay and being a member of the ICAI, he leads Waaree Group strategies, financial management, and corporate governance, ensuring strong financial stewardship.
Mr. Viren Chimanlal Doshi Executive Director
Mr. Sunil Rathi Executive Director
Mr. Sunil Jain Non-Executive Independent Director
He has been with the company since 2007, and currently oversees the engineering, procurement, and construction of solar projects across the company and its subsidiaries. With over two decades of experience in the engineering industry, he brings extensive knowledge and expertise.
He holds a BE in Electronics and an MBA in Marketing from ITM, Mumbai, with over three decades of experience in sales and marketing. He has worked with leading companies including Vikram Solar, Waaree Energies, Powernetics Equipment, Control Paint, and Aplab Ltd.
With over three decades of experience, he led Hero Future Energies to a 2 GW portfolio and helped establish Green Infra Limited. An award- winning leader in renewables, he chairs several councils and holds an engineering degree from BIT Mesra and an MBA from FMS, Delhi University.
Mr. Sudhir Arya Non-Executive Independent Director
Ms. Ambika Sharma Non-Executive Independent Director
A fellow of ICMAI and ICFAI with a finance degree from MDI, Gurugram, he has over four decades of experience, including roles as CFO of NTPC Ltd and Director (Finance) at UPPCL. He specializes in project finance and financial reporting and serves as an independent director at IIFL Asset Management and Ajay Poly Ltd.
She is a global business strategist with over three decades of experience in public affairs and international relations. A summa cum laude graduate in Economics from Delhi University, she also holds a Master’s in Business Economics and has attended management programs at the EU and XLRI, Jamshedpur.
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23
Strong Leadership Team
WAARFFIRTL
Execution with Pace & Comfort
Mr. Manmohan Sharma Chief Financial Officer
Mr. Ravikesh Singh Chief Operating Officer-EPC
He is a Chartered Accountant with over 29 years of experience in Project Finance, Accounts, Working Capital Management, Banking, Cash Flow Management, Budgeting, MIS, Ind AS Financials, Audits, Taxation, and Financial Modelling. His expertise lies in robust financial planning, control, system improvement, and in establishing a good governance framework and has previously been associated with GMR Energy Limited , Suzlon Energy Limited , Ispat Industries Limited, etc.
He holds a B. Tech in Electrical Engg & Post Graduate Diploma in Business Management. He has over 20 years of experience in power projects and has previously been associated with companies such as CleanMax Enviro Energy Solutions Pvt Limited, Cable Corporation of India Limited, RattanIndia (Indiabulls) Power Limited, Adani Power Ltd, ABB Ltd, Reliance Energy Ltd.
Mr. Mayur Mehta Vice-President Supply Chain Management
Ms. Heema Shah Company Secretary & Compliance Officer
He holds a Diploma in Export-Import Management. He has 25+ years of experience in Supply Chain Management and has previously been associated with companies such as Blue Star Ltd, DHL, Astarc Group, ALF Engineering, and Aegis Logistics.
She holds a Bachelor's degree in Commerce and LLB from Mumbai University and is a Company Secretary from ICSI. She has over 11 years of experience in corporate compliance and governance. She was previously associated with the Pittie group and Reliance Organic
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24
Financial Highlights
Robust Financial Performance
(Consolidated)
WAARFFIRTL
Execution with Pace & Comfort
(₹ in Cr)
Revenue
EBITDA & EBITDA Margin
PAT & PAT Margin
155.20%
603.19
236.35
17.38%
19.49%
+186.14%
117.54
11.91%
14.32%
+206.77%
86.39
41.08
28.16
Q1FY25
Q1FY26
Q1FY25
Q1FY26
Q1FY25
Q1FY26
Revenue
EBITDA & EBITDA Margin
PAT & PAT Margin
+82.29%
1,597.75
876.50
23.64%
19.46%
16.57%
14.33%
+50.06%
310.90
207.18
+57.64%
228.92
145.22
FY24*
FY25
FY24*
FY25
FY24*
FY25
*Note: Consolidated numbers are on restated basis due to merger effect
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26
Consolidated Income Statement
WAARFFIRTL
Execution with Pace & Comfort
Particulars (₹ Crs)
Revenue from Operations
Total Revenue
Cost of EPC contract
Employee Expenses
Other Expenses
EBITDA
EBITDA Margin (%)
Other Income
Depreciation
Finance Cost
Profit Before Tax
Profit Before Tax(%)
Exceptional Item
Tax
Profit After Tax
PAT Margin (%)
Basic EPS (As per Profit after Tax)
Q1FY26
Q1FY25
Y-o-Y
Q4FY25
Q-o-Q
FY25
FY24*
Y-o-Y
603.19
603.19
470.02
9.35
6.27
117.54
19.49%
4.83
2.23
3.56
116.57
19.33%
-
30.19
86.39
236.35
236.35
185.45
6.59
3.24
41.08
17.38%
2.76
1.54
3.03
39.27
16.62%
-
11.11
28.16
155.20%
186.14%
196.82%
206.77%
14.32%
11.91%
8.29
2.72
476.58
476.58
334.96
7.50
7.79
126.33
26.51%
4.86
1.63
4.38
125.18
26.27%
-4.02
27.40
93.77
19.67%
9.00
1597.75
876.50
26.57%
1,597.75
876.50
82.29%
1238.80
644.90
29.56
18.49
17.30
7.12
-6.96%
310.90
207.18
50.06%
19.46%
23.64%
14.80
6.37
14.84
4.15
6.12
6.77
-6.88%
304.49
198.45
53.43%
19.06%
22.64%
-4.02
71.55
-
53.24
-7.87%
228.92
145.22
57.64%
14.33%
16.57%
22.00
13.95
*Note: Consolidated numbers are on restated basis due to merger effect
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27
Consolidated Balance Sheet and Cash Flow Statement
WAARFFIRTL
Execution with Pace & Comfort
Particulars (₹ Cr)
Shareholders' Funds
Non-Current Liabilities
Current Liabilities
Total Equity & Liabilities
Fixed Assets
Other Non-Current Assets
Current Assets
Total Assets
Particulars (₹ Cr)
Net Cash Inflow / (Outflow) from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net increase/ (decrease) in Cash & Cash equivalent
Cash and cash equivalents as at start of the period
Cash and cash equivalents as at end of the period
FY25
454.95
52.23
612.94
1,120.12
254.19
54.42
811.51
1,120.12
FY25
302.70
-236.93
-48.57
17.20
9.59
26.79
FY24*
246.53
48.78
419.23
714.32
159.93
4.05
550.34
714.32
FY24*
127.91
-114.39
-7.18
6.34
3.26
9.59
*Note: Consolidated numbers are on restated basis due to merger effect
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28
For further information, please contact:
Company:
Waaree Renewable Technologies Ltd. CIN: L93000MH1999PLC120470 www.waareertl.com
www.waareertl.com www.waareertl.com
Mr. Neeraj Vinayak VP – Investor Relations neerajvinayak@waaree.com
Mr. Rohit Wade GM – Investor Relations rohitwade@waaree.com
Investor Relations Advisors:
(e)MUFG
MUFG Intime India Private Limited (A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services)
Mr. Viral Sanklecha
viral.sanklecha@in.mpms.mufg.com viral.sanklecha@in.mpms.mufg.com
Ms. Nidhi Vijaywargia
nidhi.vijaywargia@in.mpms.mufg.com nidhi.vijaywargia@in.mpms.mufg.com
viral.sanklecha@in.mpms.mufg.com
nidhi.vijaywargia@in.mpms.mufg.com
Meeting Request
Link
Link
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