Portions of Waaree Energies Ltd are in news today after the firm announced its Q2 profit. The sun powered PV producer revealed a 15% ascent in its subsequent quarter net benefit at Rs 362 crore against Rs 315 crore in Q2 of the past monetary. Income from tasks in Q2 rose 1% year-on-year (YoY) to Rs 3,574 crore against Rs 3537.2 crore a year prior.
Other pay in the last quarter dramatically increased YoY to Rs 89 crore. Complete costs in the September 2024 quarter came level at Rs 3165 crore.
On Monday, the stock shut 6.81% higher at Rs 3115 against the past close of Rs 2916.60. On an intra day premise, the stock moved to Rs 3185.90 on BSE. Market cap of the firm rose to Rs 89,503 crore. The market cap of the firm remained at Rs 89,503 crore mark.
Complete 2.77 lakh portions of the firm changed hands adding up to a turnover of Rs 85.09 crore on BSE.
The first sale of stock (Initial public offering) of Waaree Energies was open from October 21 to October 23. The Mumbai-based firm gathered Rs 4,321.44 crore from its Initial public offering, which incorporated a new offer of Rs 3,600 crore and make available for purchase (OFS) of up to 48 lakh value shares.