Stock Report

Waaree Renewable Technologies Ltd posts surge in Q3FY24 consolidated PAT to Rs. 64.47 crores

Posted On : 2024-01-21 00:07:20( TIMEZONE : IST )

Sangam Renewables Ltd has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 324.6785 crores during the period ended December 31, 2023 as compared to Rs. 150.9392 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 64.4774 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 18.3221 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 30.84 for the period ended December 31, 2023 as compared to Rs. 8.77 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 324.6785 crs	₹150.9392 crs	115.11%
Net Profit	₹64.4774 crs	₹18.3221 crs	251.91%
EPS	₹30.84	₹8.77	251.65%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 324.6785 crores during the period ended December 31, 2023 as compared to Rs.74.2196 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.64.4774 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.25.0668 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.30.84 for the period ended December 31, 2023 as compared to Rs.12 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 324.6785 crs	₹74.2196 crs	337.46%
Net Profit	₹64.4774 crs	₹25.0668 crs	157.22%
EPS	₹30.84	₹12	157.00%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.605.3004 crores during the 9 Months period ended December 31, 2023 as compared to Rs.290.8344 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.93.9237 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.43.1428 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.44.92 for the 9 Months period ended December 31, 2023 as compared to Rs.20.66 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹605.3004 crs	₹290.8344 crs	108.13%
Net Profit	₹93.9237 crs	₹43.1428 crs	117.70%
EPS	₹44.92	₹20.66	117.42%

Shares of Sangam Renewables Ltd was last trading in BSE at Rs. 2865.55 as compared to the previous close of Rs. 2729.10. The total number of shares traded during the day was 51464 in over 2503 trades.

The stock hit an intraday high of Rs. 2865.55 and intraday low of 2726.00. The net turnover during the day was Rs. 146290431.00.