5:1 Stock Split & 545 Per cent Multibagger Returns: Renewable Company’s Revenue Soars 250 Per cent, Profit Up 157 Per cent in Q2 FY25 – Stock Hits Upper Circuit Today!

The company’s shares have delivered a multibagger return of over 3,600 per cent in the past 3 years.

Incorporated in 1999, Waaree Renewables Technologies Ltd is engaged in the generation of power through renewable energy sources and provides consultancy services. The company has announced stellar Quarterly Results, causing its stock to rally 5 per cent and hit the upper circuit.

At the start of the day's trading session, shares of Waaree Renewables Technologies Ltd opened at Rs 1734.75 per share, compared to the previous day's closing figure of Rs 1652.15 per share on the BSE. Finally, the shares closed at Rs 1734.75 per share. The company's current market capitalization stands at Rs 18,087.17 crore, and the stock has generated an impressive multibagger return of over 545 per cent in the past 1 year.

As per the quarterly results, in Q2 FY25, Waaree Renewables Technologies Ltd recorded a revenue of Rs 524 crore representing a growth of 250 per cent YoY from Rs 150 crore. The operating profit for Q2 FY25 stood at Rs 72 crore with an operating margin of 14 per cent. The net profit for Q2 FY25 was Rs 54 crore compared to a profit of Rs 21 crore representing a growth of around 157 per cent YoY. Looking at the annual performance, the company generated a revenue of Rs 867 crore in FY24, compared to Rs 342 crore in FY23. The operating profit for FY24 was Rs 199 crore with a net profit of Rs 149 crore.

According to the shareholding pattern of Waaree Renewables Technologies Ltd, promoters own a 74.44 per cent stake, while public investors hold 24.58 per cent. FIIs hold a 0.98 per cent stake which was earlier 0.83 per cent.

Investors must keep this Small-Cap stock renewables on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.