Economy
Waaree Energies Shares Fall 6% Following Q1 Results
CNBC TV181h
THE BRIEF
1
Waaree Energies shares dropped 6% to ₹2,572 on July 30 after the company reported a 52% sequential decline in net profit for the June quarter.
2
While quarterly revenue grew 79.2% year-on-year to ₹7,932 crore, the EBITDA margin narrowed significantly to 18.2% from 22.5% in the previous year.
3
The company maintains a strong order book of ₹61,500 crore and has kept its full-year operating EBITDA guidance between ₹7,000 crore and ₹7,700 crore.